Used to hearing about founders embezzling money. 
Inn VC aunty ne toh khudke ghar main chori kar li.

Product Manager

Waah waah @HandyBull26 aap to fortune teller nikle

Product Marketing Manager

I saw this post on grapevine like 1 month ago and was surprised to see a leading VC caught in a scam.    Saw Twitter today and many journalists say this VC fund has shut now. Anyone knows about wha...

Welcome to News Discussion's Private Community

I saw this post on grapevine like 1 month ago and was surprised to see a leading VC caught in a scam.  

Saw Twitter today and many journalists say this VC fund has shut now. Anyone knows about what happened at Omidyar

A platform for honest Salary and Career Discussions - Join 50K+ members from top tech companies and startups on Grapevine

Earlier Roopa Kudva (Omidyar Managing Partner) was being investigated by ED for suspicious trades. I noticed she’s stepped down as Omidyar Network chief. Anyone knows what’s the scene? - Grapevine

1 month old post on Grapevine about Omidyar Networks; Now looks like the VC fund has now shut down

1 month old post on Grapevine about Omidyar Networks; Now looks like the VC fund has now shut down- Grapevine

Welcome to Indian Startups's Private Community

This came out of nowhere. Poor investments? Executive troubles? Both?

Honestly the investing team lacked grit and commitment towards a founder or an investment. In late 2019 they finalised terms with us while an international investor was leading the round, they pulled out last minute because some random fuck company raised 2X the amount of our round from tier 1 vc. Now that company doesn’t exist anymore but I guess neither the fund…me too can never be an investment strategy but sadly this is pretty much how Indian vcs think. We’re still alive and growing 😁

Growth Manager

Analyst

What do you think about this "Grapevine" platform ? Are they generating some profit? 
Or same like Koo, exist because of VC?

The shutdown of Koo( Indian micro blogging platform)...

Software Engineer

Mojocare fraud out

VC Analyst

I saw the founders' posts about hiring for Grapevine. Did you guys raise funds? If not, how is this being funded? How do you plan to monetize? What's next for Grapevine?

How is Grapevine doing?

They’ve been mentioned in posts here previously, this is just an official update that something was wrong

Anybody knows more of what went on there?

Tiger backed Groyyo will have to shut down its B2B/trading business

Corporate Strategist

I remember one of the founders who had quit posting about OCEN and ONDC. Also, they're  hiring for new venture.
Any insider info?

Did Zestmoney founders pull the plug to fund new startup?

Another consumer tech startup bites the dust :/

https://entrackr.com/2023/10/ex-myntra-ceos-startup-virgio-shuts-down-after-raising-37-mn/

Virgio shuts down a year into raising $37Mn

Get a tag(college/company) -> Open a startup -> Get Funding (even seed stage is fine) -> Burn money -> sell or shut down startup. 
  
 Fastest way to accumulate wealth in today's time.

Software Developer

This is the first big exit of a big VC from India

Omidyaar VC exiting India

The market regulator Securities and Exchange Board of India (SEBI) had issued a show-cause notice to the company in November 2020 after the company decided to shut six debt schemes in April 2020.

ED conducts searches on Franklin Templeton's Roopa Kudva, Vivek Kudva, Santosh Kamath and others

Earlier Roopa Kudva (Omidyar Managing Partner) was being investigated by ED for suspicious trades. I noticed she’s stepped down as Omidyar Network chief. Anyone knows what’s the scene?

How is Hood app doing? Surviving or dead?

Congratulations Grapevine team.. Finally, they raised funding from Peak XV Partners.. Time to DM founders for a job 😂

Grapevine Raised Funding 💸💸

Equity Research

Is this just me or others also think that nowadays all news on startups and companies are coming from grapeviner’s post? Good old journalism is dead and most startup’s journalist are using grapevine posts to write scoops on startups. Sometime without checking and citing anonymous sources. As soon as a new grapevine get posted, within hours it is all over the news. Dear Journalist friends, if nothing atleast give some credit to grapevine in your stories 😉

Journalists using Grapevine to publish scoops

Product Owner

TLDR from article: 
- 5K+ investor-partners have not received their  instalments from Growpital
- The headcount has reduced from 100+ to less than five, the website is shut down
- Besides running the CIS scheme ‘illegally’, Growpital is also said to have fake projections 

But adding some more info:
- A friend had met Growpital when they were raising a round. Everywhere in the media, Vineet Gupta's name is mentioned. But Prashant Pitti was the pitching founder at the time.
- There was a report that one of the Tier 1 VCs had even funded them, but never came in the news, maybe deal fell through
- Now very conveniently, none of this is shared by media as context. Just strange.

Growpital (An Agri-Fintech startup) is under SEBI probe. But nowhere has the media caught that Prashant Pitti (EaseMyTrip) was the co-founder here. Lack of info, or paid off?

finally a VC fund that will actually support fraud openly 👏🏻

Recently I was talking to a girl who was working a startup in BLR. She left the startup with some horrendous experiences. This startup was working from a startup hostel in BLR. Things she told me shook me. She was dating the founder.

So this founder who claims to be on his 2nd startup dates his own employees and then blackmails them.
The average age of his employees is 24. All these girls that he dates are not above 23/24

Apparently this guy has 2 court cases against him. One for fraud and one for a rape case. Both of them are not easily found online. He uses VC money to keep in under the hood.

The fraud case is about his first startup which was a stolen idea apparently. 

This guy’s whole life is fake.
He claims to be an IIT Madras dropout, but he's from some local college. 

There are rumours that one of the girls he dated tried to kill herself because he allegedly filmed them.

He also does not pay salaries for months to his employees but compensates by giving them expensive gifts.

He claims his parents are IAS officers but we checked and they are not. 

His last startup was around around AUTH and current one is around Fintech

Girls and boys stay away from working with such shady startups.

Tinder Swindler of BLR

Interesting, the whole story is about unknown man with unknown startup. Thanks for such an insightful post.

Founder

As reports suggest that grapevine is raising money from Peak Fifteen (previously Sequoia), will they allow negative posts about their portfolio companies on the platform?

Peak Fifteen has a record of controlling the media narratives for their portfolio companies before, hope they don't kill this platform!

A thought on grapevine 💭

Looks like the Grapevine is growing

Data Scientist

I had an offer with Virgio but it’s been put on hold twice.  They are pivoting from fast fashion to circular fashion.  My head is spinning in circles. Should I hold out for the joining with bated breath ? Bhai log. Advice do please.

Virgio

Digital Accessibility Technologist

There’s now a list of 4-6 startups that have shut down and announced closure in December. Why is this happening

1 month old post on Grapevine about Omidyar Networks; Now looks like the VC fund has now shut down

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This came out of nowhere. Poor investments? Executive troubles? Both?

Indian Startups on

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The shutdown of Koo( Indian micro blogging platform)...

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Mojocare fraud out

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How is Grapevine doing?

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Tiger backed Groyyo will have to shut down its B2B/trading business

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Did Zestmoney founders pull the plug to fund new startup?

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Virgio shuts down a year into raising $37Mn

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Omidyaar VC exiting India

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Earlier Roopa Kudva (Omidyar Managing Partner) was being investigated by ED for suspicious trades. I noticed she’s stepped down as Omidyar Network chief. Anyone knows what’s the scene?

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How is Hood app doing? Surviving or dead?

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Grapevine Raised Funding 💸💸

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Journalists using Grapevine to publish scoops

Indian Startups on

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Growpital (An Agri-Fintech startup) is under SEBI probe. But nowhere has the media caught that Prashant Pitti (EaseMyTrip) was the co-founder here. Lack of info, or paid off?

Indian Startups on

by Kendall Lee

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finally a VC fund that will actually support fraud openly 👏🏻

Bangalore on

by Aaron Carmden

Stealth

Tinder Swindler of BLR

News Discussion on

by Jordon Dean

Stealth

A thought on grapevine 💭

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Looks like the Grapevine is growing

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Virgio

Indian Startups on

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Why are so many startups shutting shop in December?