Ex-Cafe Coffe Day employee AMA
I was a part of the small tech team at Cafe Coffee Day. And there was plenty of shady stuff going on then. Here to spill the beans
Jordon Denver
Stealth
a year ago
When VG Siddhartha was around, corruption was top down. People at every level were siphoning off money. Sales numbers were toply guarded secret. During IPO, employees were forced to buy shares and asked to show proof
I've read articles hailing Malvika Krishna's business sense and how she was able to take over after her husband's death reduce CCD's debts so quickly
How true is all this? Is it really as filmy as it sounds?
Kendall Olive
Stealth
a year ago
Not so much. The CFO who also plays the role of CTO was her husband's right hand man. Jayaraj.
He's the main guy who helped do the shady dealings when VG Siddhartha was around.
He's now helping Malvika salvage the situation, while lining his own pockets in the process
They are selling assets, look at public reports. Nothing extraordinary she’s doing. In fact, with all new age coffee shops, CCD sucks on innovation.
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Did you take a coffee cup from Starbucks or costa to the office :p
Anise Gabriel
Stealth
a year ago
Lol. No never.
Dezi Vernon
Stealth
a year ago
How was VG Siddhartha’s wife Malavika Hegde able to pay off the debt? Political capital? :)
Dezi Everett
Stealth
a year ago
Most of the vendors and partners were basically asked to eff off. Many vendors had crores in pending dues. They filed cases in NCLT, but with political clout they got all of them thrown out. Now they're playing the Woman card to get lenient terms from lenders.
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