QuirkyPenguin

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?

17mo ago

DizzyDonut

Stealth17mo

Byjus 😂

PerkyMarshmallow

Stealth17mo

Bro these guys cooked books. Byju's has cooked up its entire existence

QuirkyPenguin

Stealth17mo

do they even have books at this point 😂

FloatingBiscuit

Stealth17mo

At GoMechanic, it was finance head who hiding the real cash position with debt. Unfortunate.

DizzyDonut

Stealth17mo

Similar startups in trouble could be in cars resale field I feel. Not sure if they can scale in India

FloatingBiscuit

Stealth17mo

Maybe, in this case it was just due to integrity of 1-2 guys who used to manage debt funds.

JumpyHamster

Stealth17mo

Jis founders ne bungalow aur bmw kharid liya..

I keep hearing founder diluted in secondary to buy Bungalow

JumpyNoodle

Google17mo

GoMechanic or Mojocare founder?

PrancingMochi

Stealth17mo

Dealshare

SillyBagel

Freelancer17mo

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

SqueakyCoconut

Porter17mo

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.