How Amazon crushed Indian startup founder’s dream after he rejected ‘nine-figure buyout offer’

An Indian startup founder recently shared his story of the downfall of his business, which used to generate a revenue of ₹20 lakh per day. Grapevine founder Saumil Tripathi shared the story on X.

Tripathi’s post detailed the story of a founder of a home organiser company who started his business from scratch and took it to unimaginable heights. Just as the founder was planning to take a giant leap in his business, the tables turned, and he lost all his revenue after the e-commerce giant Amazon launched a brand as his company’s competitor.