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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?

Analyst

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

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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

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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? - Grapevine

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

Product Manager

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

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

How is the work culture at Zepto in terms of WLB etc? Also any chance of layoffs or is it doing good compared to instamart and blinkit?

Work culture at Zepto

Software Engineer

Why did Akriti Chopra quit Zomato ?

Just read this after getting to know earlier today that one of the cofounders have resigned. Didnt even know that the cofounders never had a stake, they’d just get a salary. Super weird.

Reliance pulls representatives from Dunzo’s board

Not the first nor the last.  Haptik was probably one of the early ones that got arsenic poisoned post Jio acquisition.  Slow slow death.  
  
 Reliance will continue to fiddle around the ecosystem and buy a random set of start ups.  Mukess bhai's fuck-you-money account is a few billions. 250 mil written off makes no difference to his life. 
  
 Start Ups have to learn to get investors on board that have the right intent and roadmap aligned to their vision.  Includes the testicular fortitude to say NO even to Warren Buffet.

Sales Manager

After a confirmed research, following resignations are happening at Unacademy, resulting in a massive instability in the organisation

1. CHRO
2. COO
3. CTO
4. VP IT & ADMIN
5. CBO ( JM)
6. HEAD OF OFFLINE CENTERS
7. GENERAL COUNSEL
8. IAS COFOUNDER


Adding to this, following BU's have been shut

1. Content Growth
2. Coheshve 
3. Next Level

TRULY SAD TO SEE THE HOUSE OF CARDS FALLING DOWN.

Series of resignations at Unacademy 👾

Program Manager

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?

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Senior VC Partners exiting, what is behind this?

https://www.theweekendleader.com/Headlines/78485/rs-280-crore-vanished-as-another-indian-startup-founder-enjoyed-lavish-lifestyle.html

What is up with Rahul Yadav and Broker Network

A subsidiary of Paytm, it has been hit by a string of exits in Senior leadership in last 6 months
CFO: Amit Kapoor, gone
Head of Mutual Funds: Nisharg Golash, gone
Head of Product: Manish Reddy, gone
Head of Growth: Sourav Choraria, gone
Head of Marketing: Divya Chakravarthy, moved internally
Head of Compliance: Sudhendoo Gandhi, moved internally 

You can search these people on LinkedIn to verify.

This is a result of an increasingly toxic work culture where performers are penalized with more work while slackers make merry. This culture is driven from the top with current senior leadership who haven't left the firm have survived by the virtue of sycophancy.

Instead of firing people, they are being asked to resign so that the company is not in news.

I've personally seen this in co's rev teams, a new CTO has been hired from within Paytm. Employees are given 'negative ratings' in appraisal, which the CEO called 'an HR experiment'.

All is not well at Paytm Money

Software Project Manager

Unacademy HR Head steps down after a 5 year stint. Today was her last day. There are too many stories around her abrupt exit from the organisation﻿.

Next in line : COO, VP Engineering, CBO

Unacademy house of cards finally falling down 🤡

Sam Altman fired from OpenAi

Just woke up and read this! Sad indeed, guy challenged dominance of Bigtech and made google look like IBM 🥲

- Aur humien time pe tax barna hain 
- Diesel car nahi lena hain 
- Moonlighting nahi karni hain 
- Bitcoin main invest nahi karni chahiye 
- Real estate main indexing ki benefit nahi leni hain

SEBI Chief Expose

Consultant

https://www.linkedin.com/posts/manu-p-toms-937b7619_ola-electrics-pre-ipo-rejig-bhavish-aggarwal-activity-7128252301173002240-iTT5?utm_source=share&utm_medium=member_ios

Shradha Sharma has now started sitting on boards of companies?? Wtf !!

As informed earlier but many here said it's fake news.

Byjus: Arjun Mohan is the new CEO

then can bring Mahabharat ka arjun along with Sri Krishna, but  the decline of this company  is inevitable.

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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