Company was inflating GMV by 60%
Hamare desh me ek se bade ek chor baithe hain.
This will just keep happening in B2B It is the easiest sector where you can keep raising funds and not get caught
Since there is never anybody around you who uses the product, and large buyers/sellers can be incentivized to give good feedback during DD
Shame
Where did you get the 60% inflating info? Can't see it in any reliable media sources
This article only Don't know if you consider Arc as a reliable source of information
Hearing about The arc for the first time. Not sure it might be reliable but to my surprise, a platform like VCCircle also didn't talk this specifically about the scrutiny. Not sure what's at play here. Also why is Vivek now being shifted to the board role from CEO!? Such corporate misgovernance should result in complete termination imo
Aww shucks is this another scam in the making
Has anyone worked here? Heard they are good at some levels. This sounds concerning
Investors rope in Deloitte at Groyyo to shut down its B2B trading business
