GoMechanic, Now Mojocare
After GoMechanic, now Mojocare is said to cook its books. Is this a trend? and which other companies are showing similar signs?
ConcurrentThinker
Stealth
a year ago
Byjus 😂
Barbaadeshwar
Stealth
a year ago
Bro these guys cooked books. Byju's has cooked up its entire existence
followthemoney
Stealth
a year ago
do they even have books at this point 😂
See more comments
Kotlin13
Stealth
a year ago
At GoMechanic, it was finance head who hiding the real cash position with debt. Unfortunate.
ConcurrentThinker
Stealth
a year ago
Similar startups in trouble could be in cars resale field I feel. Not sure if they can scale in India
Kotlin13
Stealth
a year ago
Maybe, in this case it was just due to integrity of 1-2 guys who used to manage debt funds.
See more comments
The problem is Indian taxation system. The more are the taxes, the more will people try to cheat. All companies do that. Nothing new. The whole breed of CA is existing on tax evasion community
You’re cooking up arguments like they cooked their books. 🤦🏻♂️
What are you even saying? This had nothing to do with taxation. They were not even making money, so taxes are not even in the picture, they were actually inflating their sales.
Indusplateau
Stealth
a year ago
Jis founders ne bungalow aur bmw kharid liya..
I keep hearing founder diluted in secondary to buy Bungalow
CaptainPlanet
Stealth
a year ago
Dealshare
See more comments
CleanPapa47
Stealth
a year ago
let him cook 😂
MightyLazyGeekStar
Stealth
a year ago
I like whatever koolaid you are drinking if you feel the founders are not responsible whenever skeletons come out
ConcurrentThinker
Stealth
a year ago
Who said they aren't responsible? Of course captain of the ship stands to be blamed same way he/she gets all credit for any success. But if employees could see it coming it could have been useful for them to find a new home before this one caught fire
pepper
Stealth
a year ago
Mojo-does-not-care anymore
ConcurrentThinker
Stealth
a year ago
Unsure how employees didn't catch the inflated sales numbers? Won't they have grafana or Prometheus based dashboards to track sales actively? If so not difficult to see that claimed numbers don't match the actuals.
Gomma
Stealth
a year ago
Next in line is moengage
Cafeinatedpragmatist
Stealth
a year ago
How so? Heard they were doing decent.
See more comments
Discover More
Curated from across
