Tiger backed Groyyo will have to shut down its B2B/trading business
They’ve been mentioned in posts here previously, this is just an official update that something was wrong Anybody knows more of what went on there?
Heard Groyyo is cooking numbers? Is it true? Can any VC guy confirm?
https://share.gvine.app/rWvGF7QZhemddmW7A
Hmm
Damn this reminds me of Mojocare. Someone had posted a similar post 4-5 months before the news broke.
Running a business just because you have nothing else to do, is recipe for failure
Baithe baithe kya kare, karna hai kuch kaam.
Shuru karo B2B business, aur books cook karne ka kaam.
*I don't know if there is any fraud in Groyyo. I hadn't even heard about them till this post.
Oooh interesting… Went to the same college/same batch as one of the founders and had reached out to him early in 2021 if he needed my help in setting up. He ghosted but I also dodged a bullet here??
RealOldmonk
Stealth
a year ago
I also dodged a bullet
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Know somebody who works there
Have definitely seen there approach to the company change over time, and their confidence get removed
So they basically funded the people who allegedly did fraud at Zilingo to create another Zilingo.
Fraud investment lvl 100
https://share.gvine.app/8aVKUVWgSeBmymuS6
I think this rather cryptic post from earlier could be about
Dayumm, had done P2P lending in Groyyo. Thanks god, exited before all this
Why did they have P2P lending?
Why couldn't they just raise own debt against equity? That's what most B2B startups do
BlueLeave
Stealth
10 months ago
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