WigglyBanana
WigglyBanana

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?

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17mo ago
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GroovyKoala
GroovyKoala
Acko17mo

Heard Groyyo is cooking numbers? Is it true? Can any VC guy confirm? https://share.gvine.app/rWvGF7QZhemddmW7A

Hmm

SquishyQuokka
SquishyQuokka
Gojek17mo

Damn this reminds me of Mojocare. Someone had posted a similar post 4-5 months before the news broke.

ZoomyJellybean
ZoomyJellybean

Running a business just because you have nothing else to do, is recipe for failure

WobblyRaccoon
WobblyRaccoon

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.

PrancingCoconut
PrancingCoconut

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??

WigglyDonut
WigglyDonut

Most definitely

SnoozyPotato
SnoozyPotato

I also dodged a bullet

WobblyNoodle
WobblyNoodle
Zomato17mo

Know somebody who works there

Have definitely seen there approach to the company change over time, and their confidence get removed

CosmicDumpling
CosmicDumpling
InMobi17mo

So they basically funded the people who allegedly did fraud at Zilingo to create another Zilingo.

Fraud investment lvl 100

DerpyPotato
DerpyPotato

https://share.gvine.app/8aVKUVWgSeBmymuS6

I think this rather cryptic post from earlier could be about

SparklyDonut
SparklyDonut
Apple17mo

Holy shit, this is something

SparklyNoodle
SparklyNoodle

Dayumm, had done P2P lending in Groyyo. Thanks god, exited before all this

WobblyNoodle
WobblyNoodle
Zomato17mo

Why did they have P2P lending? Why couldn't they just raise own debt against equity? That's what most B2B startups do

SparklyNoodle
SparklyNoodle

They won't give equity to a drunk knight

SnoozyMuffin
SnoozyMuffin

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