Koo is shutting down
Another startup that could have been something had it not been for the bull market and Tiger investing unnecessarily. Over $66Mn raised, and now it's over.
Top comment
Copy cats. App should have been called Poo
PrancingMochi
Another startup bites the dust. Sequoia backed Bijnis is dead.
Info Edge Writes Off Entire Investment In Sequoia-Backed Bijnis
18mo ago
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FuzzyTaco
Stealth18mo
Wrong news, its a technical write-off because of some Indian Accounting standards Infoedge has to follow.
PrancingMochi
Stealth18mo
Why would someone write off in their books without it actually being a write off? Nonsense explanation by Infoedge and you seem to be dumb to fall for it
FuzzyTaco
Stealth18mo
Considering there was a buy back clause and that was building a liability in books of Infoedge books and they had to reinstate there last 3 years financials which they thought impossible to do so , why would Infoedge give clarity if they would have actually written off, why would Sanjeev say on the analyst call that it is a techincal write off and will be written back in 2 quarter?
Think my friend, just masala of media mai maat kho jao.
FuzzyWaffle
Stealth18mo
This is not true for now, it is a ‘technical’ write-off https://twitter.com/katrishabh/status/1662080700907159552?s=46&t=Gfxvl_H8bzH-pFa2iCFXhw
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