Reason given by investors on Mojocare sounds very fishy. At one end they are blaming the founder for embezzlement while on other end they are blaming market conditions and unsustainable business model for the layoff of employees. Doglapan?
Chiratae funds ex-Chiratae executive along with ex-Chiratae vc who now heads B cap. Lots of coincidence. No?
Jghfdsyipouhgxd
Stealth
a year ago
too much of a coincidence. Mojocare was also funded by Sequoia India (before they were fired from Sequoia and became Peak XV). Sequoia has been infamous for dubious transactions in the past as well. Many founders have called the Sequoia team out for unprofessional behaviour. I think that investors were working hand in glove with the founders and benefitted from this scandal. When things went out of control, investors threw founders under the bus. too many scandals out now from Sequoia India's portfolio.
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Scaling down to what? Just the founders inspecting people's peens on call?
Jghfdsyipouhgxd
Stealth
a year ago
lmao
PapaJohn
Stealth
a year ago
Where did they blame founders for embezzlement? Source?
Jghfdsyipouhgxd
Stealth
a year ago
checkout the morning context article
PapaJohn
Stealth
a year ago
Those are allegations from former employees. Not investors
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