Can you share more details? @ThinLever6 - if it doesn't work why is AWI pumping so much money into it?

How are Subrat and Taranjeet to work with as people?

Brand Marketing Manager

AWI investments in India are in a shithole

Finance Consultant

Product Manager

Which startups founders and their partners behave like those of Theranos  product doesn't work, founder avoids solving core issue and sells his dream, raises funds, works on logos/websites. Also, f...

Welcome to Indian Startups's Private Community

Which startups founders and their partners behave like those of Theranos - product doesn't work, founder avoids solving core issue and sells his dream, raises funds, works on logos/websites. Also, founder's partner supports all shenanigans.

Budding Theranos in India e.g. AgNext

Consultant

Budding Theranos in India e.g. AgNext- Grapevine

Brace yourself everybody. Another big fraud coming and this will be bigger than what we have seen so far. Sequoia (Peak XV) portfolio company.

Welcome to News Discussion's Private Community

What an absolute shit show
https://www.moneycontrol.com/news/technology/fraud-threats-sexual-harassment-zilingos-ankiti-bose-files-fir-against-co-founder-ex-coo-12706929.html

Zilingo CEO files FIR against COO & CTO

Zilingo is already defunct. A once billion dollar startup that is now literally 0. 
One of the major startup scams. Investors just kept lapping up the GMV growth.

And now when everything is over, co-founders filing FIRs against themselves.
Disappointing.

My only appeal to everyone: please call out if you're at a startup that's doing similar stuff. A lot of careers can get saved...

Corporate Strategist

Indian founders should pay the price for frauds. Ashneer Grover driving his Ferrari bought from stolen money and becoming a hero on television has set up a very bad example for the youth.

Elizabeth Holmes (Theranos) is in jail in the US for frauds she committed. Why aren't any Indian founder in jail for cheating investors and employees? How are Indian founders able to get away with shit? Its sets a very bad example

Project Manager

YC removes Medobed - a 10 minute medicine delivery startup over financial irregularities.

Founder

I was speaking to an ex-colleague and he mentioned how my previous employer, a lending startup, has been intentionally over-reporting disbursal numbers and under-reporting delinquencies in portfolio.

They conveniently chuck the NBFC partners who dare to ask questions and instead catch new fish. During my time I saw sales staff committing rampant frauds and making money on the sides from users. The founders conveniently turned a blind eye till there was new business coming in. They've seemingly moved on to the next level now.

The founders have top pedigree and already come from well off families. Makes me wonder how many such skeletons are buried across startups and what leads to such behaviour. Especially in the wake of what we saw with GoMechanic, Zilingo etc.

Frauds at startups

Business Operations

Welcome to Office Gossip's Private Community

Go ahead, ask if we pushed founders to commit fraud.

AMA: Worked at tier 2 VC - got in post a few years of workex and a tier 2 Indian uni

What stops you from *stealing* an idea that you found mind-blowing from a pitch of a startup trying to get a seed funding?

Software Engineer

Two Bangalore startups hired indiscriminately and then fired a bunch of people. As luck would have it I was in both of them. 

A particular healthcare startup around HSR is run by a bunch of clowns who has no idea how growth works and wants you to pull miracles out of your ass. 

Stick to your cushy corporate jobs and save as much money as you can.

Don't trust Startup Bros

Feedback letter from employee to Founders, CEO & CTO

Heartwarming message from ex-Byjus employee to founders.

For details just reply to this email. I will email an excel sheet of all of your failures 
 😂Lmao, that was🔥

Startup founders who are trying to turn influencers are always trying to paint themselves as champions and superbeings while the real truth about being a Founder is that one always feels vulnerable. Is this behaviour by startup founders leading to TOXIC POSITIVITY?

Is narcissism and hallucinations a common trait among startup founders in India?

Has anyone worked with this startup? 

Heard it's air pollution product doesn't work but it passed IIT tests. My brothers' salaries are not paid, and their founder is more interested in discipline and OKR vs. sales. He pays nepo kids and yes men high salaries apparently. Why are startups screwed up like this. Vcs have invested in.them.and it.is against their interst to.take up these issues despite such narcissistic idiotic founders getting VC importance

Devic earth air pollution startup.

Growth Manager

I have evaluated a lot of startups as part of my work. My approach has changed from being optimistic to being suspicious of a lot of founders, even before the process starts. 

The sheer number of founders that I come across that try to game metrics/play around with data to make the startup look good. 

Most commonly:
1) Completely changing the definition of margins, repeat rates, etc. and never clarifying that they are using different definition. 
2) Often giving rebates/discounts to key stakeholders but finding ways to hide it from their P&L so that it’s not visible. THIS IS SO COMMON - lot’s of them start showing revenues, and then you will see another cost item rising at the same pace, and lot’s of times it will just be money moving around
3) Sometimes completely giving the wrong picture of how their product works on ground. You then speak with their customers, and they describe something completely else.

Things like these are eating up the ecosystem. These founders also end up fooling some VCs, and then capital get’s kept away from actually good founders who have good intentions.

There was a recent major investment in the commerce space, and that is another one such example of a startup doing this. Needs to stop.

RANT: Founders who fake metrics

Product Owner

Nothing more soothing than chatgpt created cancer (content) to go with self portrait. #LinkedinLunatics

Narcissist at work.

Another day, another newsbreak on a start-up's downfall. The whole Co-living Start-up bubble might burst!
Can go through this article and share your views?
https://themorningcontext.com/internet/stanza-and-the-coliving-business-struggle-to-survive#:~:text=Stanza%20Living%20is%20struggling.,no%20money%20has%20come%20in.

Stanza Living to Crash

Software Developer

Just got to know from a friend who's a higher up HR at DealShare, one person from their leadership does heroin on company funds, he even asked this resourceful guy to procure.

Indian Startup investors are a joke.

Another day, another startup shenanigans

Backend Engineer

Multiple scams like this going in Indian startup ecosystem

SentinelOne's deal to acquire PingSafe values the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, SentinelOne's deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, sources told TechCrunch.

SentinelOne acquires Peak XV-backed PingSafe for over $100 million | TechCrunch

Epic outcome in Indian startups

What are some unethical thngs your funded company founders and core nepotism team.hve done??


Ex my ex company founder hired wife, sister, and friends as board of director giving 4 seats to the family itself + fancy designations like cfo, coo  cmo and ceo. All took 5 lakhs per month each as salary which means 20 lakhs going home from VC funded money per month. 1 million fundraise goes home in about 3 - 4 years used to set up paralell businesses, etc and no money made in core business

Unethical things by startup founders

Majority of Indian startups has toxic work culture and the same is not true for any US or Europe based startup. Indian startups just copy paste ideas from the west and apply it to Indian context. We don't have original product barring few such as Postman and all. Why is it so and how we can improve the situation?

Budding Theranos in India e.g. AgNext

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