ZippyPotato
ZippyPotato
Accenture

Another one bites the dust!

IMO, Non sophisticated fraud.

inc42.com

How Accel-Backed Mooofarm’s Dairy Tech Promise Soured

Former Mooofarm Employees allege that the company's founders ignored widespread sales misreportin...

How Accel-Backed Mooofarm’s Dairy Tech Promise Soured
9mo ago
SqueakyCupcake
SqueakyCupcake
Stealth9mo

Mind writting few words or TLDR on body, apart from attaching the links yk. IT’S THE LAW. Helps lazies like us!

ZippyPotato
ZippyPotato
Accenture9mo

TLDR

Raised money, siphoned it for personal use. Faked revenue.

CEO removed. Replaced w/ another founder.

SleepyBanana
SleepyBanana
Stealth9mo

This is so true. The personal expenses for founders from investor funds is “privilege” misused by most and then say “we only draw 1L salary” 🥲

SillyHamster
SillyHamster
Stealth9mo

Sometimes I wonder what these bright minds at Accel (and other investment firms) are smoking when they invest in an app that makes a marketplace for cattle ( I’m not joking that’s what Mooofarm does)

I want any one of these investment bankers to actually try selling a cow before they pump 15M dollars into an amazingly stupid idea like this

DancingDonut
DancingDonut
Stealth9mo

They are selling the India dream to their investors for 20 years without fail. I am sure they can even seek gaumutr to cows

JumpyHamster
JumpyHamster
Stealth9mo

We should all label these types of fraud as ashneer fraud.

CosmicDumpling
CosmicDumpling
Stealth9mo

Quick buck schemes

CosmicLlama
CosmicLlama
Stealth9mo

How many people remember the glowing story of the same company by inc42?.. the article went on about how they are going to change the world of animal husbandry.
This is why I don't trust any glowing article written. Nothing is true untill it happens

Discover more
Curated from across