Mojocare
Indian Startups
By · Founder
Any update on Mojocare?
Anything more that has come out or was the furore only for a day or two?
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Indian Startups
By · Analyst
Rant: Maybe I should have been a whistleblower earlier (Mojocare aftermath)
This is an after thought from what happened at Mojocare and Gomechanic.
I too have been at a startup that was upto similar stuff. Was really large at one point, until everyone figured something was off.
For me, the first year or so I never got a hint of things. But over time, as I became closer and more trusted by the founders, things became quite clear. Creation of invoices for the sake of it, recording transactions that were anyway happening in the offline world, as transactions on the platform. Basically buying invoices by giving back businesses some of the VC capital as incentives. It was all messed up.
I always thought of doing something once I figured it out, but ended up not doing it. My only action was to find new roles, and leave as soon as I could.
I remember discussing with friends - should I reach out to journalists? The answer we came to was that it's too risky, even if done anonymously. AND, that people we know would lose their jobs if the reality came out.
Eventually, it did come out. More people lost their jobs, because in that 1 year they ended up growing more and hiring more. Maybe if I'd been a whistleblower earlier, a lot of money could have been saved, so many jobs would not be lost.
A thank you to the people who have been braver than I was.
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Indian Startups
By · Content Strategist
GoMechanic, Now Mojocare
After GoMechanic, now Mojocare is said to cook its books. Is this a trend? and which other companies are showing similar signs?
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Layoffs
By · Founder
Mojocare laysoff their entire staff of around 200+ people
How it happened?
-wifi turned off
-Slack disabled
-Email disabled
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News Discussion
By · Venture Capital
Mojocare going the GoMechanic way?
Heard mojocare numbers are fudged? What do you think? Something cooking?
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