Extreme decisions of the founder lead to the closure of Letsdoit Group of Companies || Manideep Prathipati ||Rose Caron ||Startup Stories India

Known for its brand and awards,Letsdoit was no doubt a life creator for many struggling entrepreneurs and a strong base for it's  partnered companies.The recent announcement of its closure from its founder not only bought chaos to its board but also  resulted in a huge drop in its share values.It nearly took a month to the team to stabilize its teams and a lot of controversies ran  on the topics of share distribution to the Smile Industries..

Here is the breakdown of the rise and fall of the silent startup  most loved service provider for its partners.

In Photo: Events@LDimultiediagroup

Rise of LDi:

Letsdoit was started by Mr.Manideep Prathipati and Ms.Riya back in 2014 at the age of 18.Starting it's services as a media startup,LDi consistently managed to raise funds of $300,000 in its first year and started to expand it's operations in various sectors and countries including UK,Singapore as a allied service provider and Business development Agency.Sooner,LDi excelled into a multi-service provider for most of the MNC's by 2016 and then the company fell to zero after the loss of Ms.Riya(died in an accident).The company name and the founder were no where heard for a while.In 2017,the company announced it's service list with a increase in 14 new services and investments plunged in for LDi's all time high.But as experts say,second chance is really hard for a struggling startup and with fluctuating shares and projects LDi stabilized itself in the market led by Rose Caron along with the founder.Company marked   6%  growth compared to it's previous financial year..

Fall of LDi:

Tagged a one man army,Founder's over confident decisions and failed planning led to the decrease in number of projects for  LDi.It is heard that personal and physical health problems led Mr.Manideep made a huge impact on his decisions and the board disapproval meant nothing for him.It is also said that he was getting treated for mental depression and his love affairs made a adverse effect on the company.Things went of the control and the team was left with only option to close the company and it is overheard that the idea of transferring all the services to it's partner company was safely planned..

Facts and figures :

*Company marked an all time high of 690 projects in all the sectors but after a dominated decisions   

  of teams and continuous failure led to the drop in  projects.

*Founder's one man decisions and lack of knowledge in the funded projects bought loses in all the     projects.

*Investments fell by 7% and partnered companies showed no interest in mutual funding for the projects

*LDi lost its equity from the Tezin motors board.

A series of faulty decisions by the founder led an aspiring startup which stood all the struggles and competitors fell into zero with the faulty decisions of the board and ended up at where it started.

This blog was mainly focussed for the members of LDi..

A big thank you for the anonymous girl for helping us write the truth for it's members.