Groyyo startup
Can be 100% possible. The industry is filled with such players. Zilingo got too big, until the bubble burst
extremely toxic workplace, sexual remarks being passed on girls, accusation of founders siphoning money and bribes, public humiliation on whatsapp groups. they seem to be hiding disguised lending no company can do 1600cr of business with brands in 2 years in such a sector. is someone digging?
Going to 1600 cr revenue run rate in less than 2 years is mad! That’s what they’re claiming. It’s hard to believe in itself but it’s most likely an order book run rate and not revenue run rate. Anyhow, we’ve seen one story in this space play out in Zilingo. Hoping this isn’t like that.
The founding team is from Zilingo
Many B2B businesses basically insert themselves in a trx between 2 parties by offering to "lend". It's a nothing to lose prop for the original 2 parties so they accede to it. The B2B co can show "GMV" since now it's passing through their books. Garbage quality of revenue, can lead to problems of collection later (Lending afterall is foremost a collection business) but noone cares in the short term since GMV growth looks great and investors get interested based on headline numbers. India B2B is mostly a charade - trading businesses with a lot of dirt under the hood
Seems like you have some tea on a few B2B companies? Spill the beans
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?
Came across this post by a VC - and he mentions a startup that is similar to zilingo and mentions that the startup is ‘pulling similar tricks as Zilingo’ - cooking the books.
Does anyone have any insight about what is actually happenin...
There was news sometime back about their core business shutting down. Also rumours of something up.
Since then been silent. Anybody has updates
https://economictimes.indiatimes.com/tech/startups/tiger-global-alpha-wave-rope-in-deloitt...
Anyone know about the work life balance in Groww Bangalore office?
I’m currently attending interviews. I’m a little worried because Groww is the only Softbank Vision fund invested companies that hasn’t conducted layoffs so far in India....
