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?
Heard Groyyo is cooking numbers? Is it true? Can any VC guy confirm? https://share.gvine.app/rWvGF7QZhemddmW7A
Hmm
Damn this reminds me of Mojocare. Someone had posted a similar post 4-5 months before the news broke.
Running a business just because you have nothing else to do, is recipe for failure
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.
Know somebody who works there
Have definitely seen there approach to the company change over time, and their confidence get removed
So they basically funded the people who allegedly did fraud at Zilingo to create another Zilingo.
Fraud investment lvl 100
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...
Investors rope in Deloitte at Groyyo to shut down its B2B trading business
There is big layoff 50% in reliance retail - jiomart B2B business.
Reasons Very poor management, aggressive hiring, creating business that does not exist, downfall of business.
Compensation -
Asked people to resign & said to s...
