If there's one thing that marathoners fear, it’s the acronym DNF, which stands for Did Not Finish. While some marathoners are devastated when they can’t complete the race, others approach it with a calm mindset, aiming to start afresh and try again.
Lizzie Chapman, co-founder and former CEO of ZestMoney, will likely relate to this. Chapman, an avid runner who has participated in marathons around the world, found herself in a similar situation as she and her fellow founders stepped down from their operational roles in the startup earlier this week, earning themselves the Did Not Finish tag.
Founders stepping aside to allow professionals to run the show is an unusual move in India’s startup ecosystem, which is in the grips of a funding winter as investors turn cautious in an increasingly precarious macro environment.
However, when you chat with Chapman about the past few months, which have been particularly challenging for ZestMoney, once a well-funded startup in the lending sector with the potential to become a unicorn, there is a sense of equanimity.
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