YC removes Medobed - a 10 minute medicine delivery startup over financial irregularities.

I found their pitch fake and disingenous. They claim that they serve hospitals and deliver medicines under 10 minutes. All hospitals have captive medical stores and other medical stores nearby. Why would they need a third party to deliver something for which they have long standing relationships..Maybe they were just looping transactions through themselves to boost revenue numbers.

That's common all across the world but especially in India. You will see a lot of startups founders are not really looking to solve the problem but want money. Their sole aim is to get the money that's what comes to light as well with recent news about financial frauds. I know they're good founders as well who really want to solve the problem. But again everyone works for money but doing illegal they don't only hamper their own image also hamper India image and founders who are really trying to solve the real problem. Also this impacts the VC confidence and outlook towards India.