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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Heard Groyyo is cooking numbers? Is it true? Can any VC guy confirm?
https://share.gvine.app/rWvGF7QZhemddmW7A
Hmm
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Damn this reminds me of Mojocare. Someone had posted a similar post 4-5 months before the news broke.
![img](/_next/image?url=https%3A%2F%2Fstagvinecip01.blob.core.windows.net%2Fstc-gvine-blob-centralindia-prod-001-django%2Fimages%2Fpredefined-profile-images%2FO.png%3Fv3&w=96&q=75)
Running a business just because you have nothing else to do, is recipe for failure
![img](/_next/image?url=https%3A%2F%2Fstagvinecip01.blob.core.windows.net%2Fstc-gvine-blob-centralindia-prod-001-django%2Fimages%2Fpredefined-profile-images%2FJ.png%3Fv3&w=96&q=75)
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.
![img](/_next/image?url=https%3A%2F%2Fstagvinecip01.blob.core.windows.net%2Fstc-gvine-blob-centralindia-prod-001-django%2Fimages%2Fpredefined-profile-images%2FG.png%3Fv3&w=96&q=75)
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??
![img](/_next/image?url=https%3A%2F%2Fstagvinecip01.blob.core.windows.net%2Fstc-gvine-blob-centralindia-prod-001-django%2Fimages%2Fpredefined-profile-images%2FR.png%3Fv3&w=96&q=75)
RealOldmonk
Stealth
a year ago
I also dodged a bullet
See more comments
![img](/_next/image?url=https%3A%2F%2Fstagvinecip01.blob.core.windows.net%2Fstc-gvine-blob-centralindia-prod-001-django%2Fimages%2Fpredefined-profile-images%2FB.png%3Fv3&w=96&q=75)
Know somebody who works there
Have definitely seen there approach to the company change over time, and their confidence get removed
![img](/_next/image?url=https%3A%2F%2Fstagvinecip01.blob.core.windows.net%2Fstc-gvine-blob-centralindia-prod-001-django%2Fimages%2Fpredefined-profile-images%2FN.png%3Fv3&w=96&q=75)
So they basically funded the people who allegedly did fraud at Zilingo to create another Zilingo.
Fraud investment lvl 100
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https://share.gvine.app/8aVKUVWgSeBmymuS6
I think this rather cryptic post from earlier could be about
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Dayumm, had done P2P lending in Groyyo. Thanks god, exited before all this
![img](/_next/image?url=https%3A%2F%2Fstagvinecip01.blob.core.windows.net%2Fstc-gvine-blob-centralindia-prod-001-django%2Fimages%2Fpredefined-profile-images%2FB.png%3Fv3&w=96&q=75)
Why did they have P2P lending?
Why couldn't they just raise own debt against equity? That's what most B2B startups do
![img](/_next/image?url=https%3A%2F%2Fstagvinecip01.blob.core.windows.net%2Fstc-gvine-blob-centralindia-prod-001-django%2Fimages%2Fpredefined-profile-images%2FB.png%3Fv3&w=96&q=75)
BlueLeave
Stealth
10 months ago
Similar stories from other competitors.