Femtasy Founder Opens Up About Financial Struggles of Mumbai Startup
A 31-year-old entrepreneur, founder of Berlin-based audio platform Femtasy, recently shared their financial and personal struggles on Reddit. The founder, who left a lucrative corporate job offer of ₹40 lakh per annum, opened up about the pressures of managing their startup in Mumbai.
The founder launched Femtasy around two and a half years ago, choosing a 'slightly conventional space'. Despite rapid growth and a turnover of ₹5 crore within six months, the business now faces challenges. The founder earns about ₹1 lakh per month, barely covering living expenses, and has taken multiple personal loans. The company is profitable, with revenues of around ₹6 crore annually, but has a significant debt burden of over ₹1 crore.
The founder feels stuck due to heavy EMIs, slow growth prospects, and uncertainty about the next few years. The post resonated with netizens, with some advising against comparing journeys with others. Despite aiming for a turnover of ₹50 crore and raising about ₹1 crore, largely through debt, the company struggled to scale operations.
The founder's candid sharing highlights the financial and personal pressures entrepreneurs face. While Femtasy is profitable, the debt burden and uncertain future pose significant challenges. The founder's experience serves as a reminder of the complexities and uncertainties of entrepreneurship.
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