Why the f investor put money on him anyway

Software Engineer

What happens when a pump and dump actually affects real people.

Brand Marketing Manager

https://inc42.com/features/rahul-yadav-info-edge-broker-network-implosion/

Tbh, Such kind of people should not be sued. Only hung in a public marketplace. There are a lot of different startups which operate on the same principles.

Product Manager

Welcome to Indian Startups's Private Community

Multiple scams like this going in Indian startup ecosystem

Multiple scams like this going in Indian startup ecosystem- Grapevine

Latest scam in the indus valley

Growth Manager

Former Mooofarm Employees allege that the company's founders ignored widespread sales misreporting and misled investors with projections

How Accel-Backed Mooofarm’s Dairy Tech Promise Soured

Another one bites the dust!

Software Developer

Welcome to Gadgets & Apps's Private Community

Commercial, off the shelf drones continue to evolve in complexity and threaten military and civilian safety & disrupt operations. Anduril's counter drone sys...

Anduril Lattice Counter Drone System

Do we’ve Indian companies building something similar?

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

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

Welcome to Software Engineers's Private Community

The camp in my opinion is not what it claims to be. People who are doing well in the camp are the ones who took matters in their own hand and started learning on their own.

Pros:

1. Practice sets were given often(There were 27 practice sets of all topics) which helped us form the practice for writing code for hooks without wasting time in thinking about the approach.

2. Community is good. MA’s are very helpful and will guide you in every situation. Taking the time out of their busy schedule. Very thankful to them.

3. Machine coding rounds were conducted. Which helped us speed up the process. 

4. Revision sessions were conducted for people who couldn’t understand the lecture taken by Tanay. These sessions were taken by Akanksha.

Cons:

1. Redux was removed from course even though it is mentioned on the website. They say that redux is not important but it is, companies ideally want their candidates to know redux.

2. Tanay simply skims through a topic, does not go in depth inside any topic. An advice which he ironically gives in his youtube videos. He ignores any advanced questions asked in the session claiming he has not covered yet. Says he will teach later and does not cover that topic later.

3. We were forbidden to discuss anything that isn’t taught yet.Stopping the flow of knowledge. That means you can’t even use the community to discuss something new because they haven’t taught it yet.

4. MA’s(Ex-neoGrads) were discouraged from answering questions about topics that weren’t taught yet. They used to host sessions on hard topics that people didn’t understand in voice chats but were discouraged to do so.

5. Didn’t even cover the dependency array in useEffect hook. He just said you will keep it empty 90% of the time. useMemo and useCallback were not even mentioned. Forget about code optimizations. Honestly, you will learn more in a 30min youtube video than in their class.

Continued in comments......

Reality of neoG bootcamp

I joined Neog hoping to learn Advanced Full stack but LOL this whole bootcamp is a scam. They are only focussed on earning money. A simple 500rs Udemy course will teach you more than this Channa mereya drama. There has been 0 percent addition in my knowledge after joining NEOG because I already know basics I wanted to learn Advanced things. 
  
 1) No Lectures on memo and callback 
 2) No Redux 
 3) DSA lol (mentioned on the website) 
 4) Backend LMAO ( mentioned on the websit) 
 5) Industry Standard Coding - why is it even mentioned on the website. 
  
  
 I have no problem with Neog Do whatever you want. But please don't lie about your course. Just Mention it on your website that you will only teach basics. I regret that hard-earned money of my parents is wasted.

Frontend Engineer

Picture speaks a thousand words

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

Finance Consultant

Read somewhere that they raised 525 Cr while the rev. at that point stood at 14L

What exactly went wrong with Koo?

Venture Capital

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

You can mention current/ex company. Or don't mention. Just say the scam. Let the common things be known.

What's a scam that your company does?

Indian startups are nothing more than a scam.

Consultant

So finally, someone spoke about this fraudulent startup AstroTalk. How they operate and how they take advantage of gullible people, is completely explained in the video. These kinds of startups need to be busted on LinkedIn and other social media platforms so that no one calls prey for such cheap tactics. This is just another BYJUs in the making. The cofounder is an IIT IIM grad. Shows how greed can even pollute the minds of even highly educated people. Really don't understand how the VCs can be so fucking dumb, funding them with 165 Crores!! Shocking but it isn't surprising since the Indian Startup ecosystem is filled with such scam artists.

Scam called AstroTalk - BYJUs 2.0

Jab tak hum jaise log IIM/IITians ki G chaat te rahenge tab tak ye hume chutiya banate rahenge. 4 din baad tum chutiye sab bhool jaoge fir kisi naye IIT/IIM led startup ko linkedin par praise karoge jab tak wo bubble itna bada na ho jaye ki use criticise kar pao…fir kisi anonymous platform par aajakr “OMG SO FUCKING DISGUSTING” bold doge kyuki linkedin par to tumhari gaand thandi ho jati hai kisi ko criticise karte hue…aur ye cycle bas chalta rahega…so moral of the story is, tum hi log chutiye ho wo nahi.

Product Designer

Sales

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

Harsh again in news for frauds! Similar pattern as byjus 🥹

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.

Multiple scams like this going in Indian startup ecosystem

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