Look Ma, no home

The mystery of IndiaHomes

It started with chatter of a funding round. Then, exclusive news of a merger. Soon after, rumours of an acquisition surfaced. And then, just like that, it all went quiet. And somehow, this question never came up: What happened at IndiaHomes?

Put yourself in this man’s shoes. This man, writing an email. To his employer.   

Subject: Resignation

Dear Samar

As discussed over the last so many days with Board and Investors, due to lack of funds to run a viable operation the situation is becoming extremely volatile and unmanageable in the organisation. With no clarity emerging on fresh funding we are neither able to pay old liabilities (Stat dues/ Employee dues / Market related dues) nor are we able to invest in any initiatives for growing the business. As a result…

To access this content, you must purchase Quarterly, or log in if you are a member.

Read the full story now. Subscribe to The Ken

Stories on The Ken are available only for its subscribers. Join us now to get instant access.

Have an account?

Related stories

More stories in /Featured/Reportage & /Startups

See all in FeaturedReportage & Startups

This story is exclusively for premium subscribers. Subscribe now to get access.

Read the full story now. Subscribe to The Ken

Why should I pay for reading your stories?

Lots of effort We go to lengths to put in time and resources required to get the most factual, honest stories out there.

Advertising independent Our primary allegiance will always be to our readers. We won't be swayed by our advertisers and investors.

We can't do all of this by giving away our journalism for free and selling our readers by the thousands to advertisers.

Get premium access