Growth Manager

https://share.gvine.app/6VWEeYPr64NZ1vSq5

Analyst

What happened with Mojocare? What’s the scene?

Product Manager

What happened with Mojocare? What’s the scene?- Grapevine

Welcome to Indian Startups's Private Community

Anything more that has come out or was the furore only for a day or two?

Any update on Mojocare?

Founder

Welcome to News Discussion's Private Community

https://entrackr.com/2023/07/mojocare-stares-at-shutdown-amid-scrutiny-over-financial-irregularities/

Looks like Mojocare may completely shut down

Software Engineer

Reason given by investors on Mojocare sounds very fishy. At one end they are blaming the founder for embezzlement while on other end they are blaming market conditions and unsustainable business model for the layoff of employees. Doglapan?

Project Manager

How it happened?
-wifi turned off
-Slack disabled
-Email disabled

Mojocare laysoff their entire staff of around 200+ people

That's some crazy shit, the CEO reached out to me 3-4 months back on LinkedIn for a Managerial position. Glad that I rejected it.

Customer Success

Heard mojocare numbers are fudged? What do you think? Something cooking?

Mojocare going the GoMechanic way?

Venture Capital

Mojocare fraud out

VC Analyst

Mojocare folks

After GoMechanic, now Mojocare is said to cook its books. Is this a trend? and which other companies are showing similar signs?

GoMechanic, Now Mojocare

Content Strategist

This is an after thought from what happened at Mojocare and Gomechanic. 

I too have been at a startup that was upto similar stuff. Was really large at one point, until everyone figured something was off. 

For me, the first year or so I never got a hint of things. But over time, as I became closer and more trusted by the founders, things became quite clear. Creation of invoices for the sake of it, recording transactions that were anyway happening in the offline world, as transactions on the platform. Basically buying invoices by giving back businesses some of the VC capital as incentives. It was all messed up.

I always thought of doing something once I figured it out, but ended up not doing it. My only action was to find new roles, and leave as soon as I could. 
I remember discussing with friends - should I reach out to journalists? The answer we came to was that it's too risky, even if done anonymously. AND, that people we know would lose their jobs if the reality came out.

Eventually, it did come out. More people lost their jobs, because in that 1 year they ended up growing more and hiring more. Maybe if I'd been a whistleblower earlier, a lot of money could have been saved, so many jobs would not be lost.

A thank you to the people who have been braver than I was.

Rant: Maybe I should have been a whistleblower earlier (Mojocare aftermath)

White collar criminals. Mojocare 🤝 Peak XV (formerly Sequoia India)

Hi folks, 

I'm Kashish, the CEO of EquityList and Founder of Cloud Capital which I run as a solo GP.
A little bit about what we do: 

EquityList is a full-stack equity management platform by AngelList India. Companies across India, US and Singapore use EquityList to manage their cap table, stock options (ESOP/SAR), shareholders, and related compliances. Managing equity for 10k+ stakeholders, 250+ companies and ~$1B in stock options.

Cloud Capital has deployed $8M+ in 55+ startups such as Airmeet, Rupifi, Orange Health, DevRev, ZET (OneCode) and others. I've also angel invested in startups such as OSlash, Atlys, Chronicle, Even Healthcare and others.

Excited to do this AMA, and look forward to answering any of your questions about ESOPs, cap table management, investing, entrepreneurship, and more!

LinkedIn: https://www.linkedin.com/in/kashisharma

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