followthemoney

GoMechanic, Now Mojocare

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

17mo ago

ConcurrentThinker

Stealth17mo

Byjus 😂

Barbaadeshwar

Stealth17mo

Bro these guys cooked books. Byju's has cooked up its entire existence

followthemoney

Stealth17mo

do they even have books at this point 😂

Kotlin13

Stealth17mo

At GoMechanic, it was finance head who hiding the real cash position with debt. Unfortunate.

ConcurrentThinker

Stealth17mo

Similar startups in trouble could be in cars resale field I feel. Not sure if they can scale in India

Kotlin13

Stealth17mo

Maybe, in this case it was just due to integrity of 1-2 guys who used to manage debt funds.

Indusplateau

Stealth17mo

Jis founders ne bungalow aur bmw kharid liya..

I keep hearing founder diluted in secondary to buy Bungalow

TepidRocket

Google17mo

GoMechanic or Mojocare founder?

CaptainPlanet

Stealth17mo

Dealshare

Doraemon

Freelancer17mo

The problem is Indian taxation system. The more are the taxes, the more will people try to cheat. All companies do that. Nothing new. The whole breed of CA is existing on tax evasion community

Lucifer

Porter17mo

You’re cooking up arguments like they cooked their books. 🤦🏻‍♂️

What are you even saying? This had nothing to do with taxation. They were not even making money, so taxes are not even in the picture, they were actually inflating their sales.