Back

Nawal

Entrepreneur | Build... • 1m

This man has scammed the Indian startup ecosystem 3x. And we have allowed him to repeat often. 🔥 His name is Rahul Yadav. And he has now left three companies in ruin. Here's what happened (for the younger lot that may not know): 1. Housing.com (2012-2015) Backed by SoftBank, raised $120M+. The product had potential, the market was also real. But what followed was a masterclass in self-sabotage. Public fights with investors, boardroom instability. Over 600 people were laid off. The company withered because of chaos at the top. 2. Broker Network (2020-2023) ~₹90-100 Cr burnt from InfoEdge. The promise was tech-powered real estate distribution. What actually happened was another implosion. No clarity or public explanation, but once again, vendors were left unpaid. 3. Kult App (2022-Now) Pitched as a premium D2C beauty brand, raised $20M. But glam on the outside, mess inside: - ₹130 Cr burnt with <₹10 Cr in revenue 15 Cr routed to his advisory firm - 15 Cr+ in unpaid salaries - ₹63L GST pending - Large global brands left unpaid And this isn't hearsay, I've personally spoken to major vendors and influencer agencies left hanging. Ex employees and their careers on hold - left in the lurch with unpaid salaries and bonuses. This isn't one founder getting unlucky. It's a pattern: Raise big Burn fast Exit early Leave others to clean up. Every time it happens, the collateral damage spreads. Founders doing it right are met with more scepticism Investors tighten diligence for everyone And consumers lose trust in Indian startups altogether Startups fail, but this isn't failure. This is negligence, dressed up as ambition. Repeated. Accepted. Untouched. We've glamorized chaos long enough. It's time the ecosystem stops mistaking recklessness for vision. And, we're all the blame. If we progress, we have to ensure this stops!!!! Agreed? What can we do?

5 replies27 likes
5
1
Replies (5)

More like this

Recommendations from Medial

SamCtrlPlusAltMan

 • 

OpenAI • 11m

To $2k and a burnt out MacBook to $800,000. Read this.

0 replies7 likes
4

Mr Hustler

Be a hustler ,the on... • 1y

Hello everyone. We are left with few matches of the IPL this season.There were few concerns about the umpires decision and controversies leading some mischievousness and banter. Rise in technology ? But why isn't it meeting the needs of spectators?

0 replies4 likes
Image Description
Image Description

Mohammed Zaid

Building-HatchUp.ai • 9m

Why was the computer cold? - It left its Windows open.

2 replies3 likes
Image Description
Image Description

Mridul Das

Introvert! • 2m

Top 10 Indian startup founders with the highest salaries💰💰 (FY24). 1🔸 Supam Maheshwari – ₹103.8 Cr – FirstCry – ₹6,480 Cr revenue (Loss🔻 ₹321.5 Cr)🙄 2🔹Nikhil Kamath – ₹33.8 Cr – Zerodha – ₹9,372.1 Cr (Profit ₹5,496.3 Cr🔥) 3🔸Nithin Kamath

See More
2 replies30 likes
18

gray man

I'm just a normal gu... • 1m

Fintech major PB Fintech’s consolidated profit after tax (PAT) zoomed 2.8X to INR 170.7 Cr in Q4 FY25 from INR 60.2 Cr in the year-ago quarter. On a sequential basis, the company’s profit jumped 2.3X from INR 71.5 Cr in Q3 FY25. The PolicyBazaar par

See More
0 replies10 likes

gray man

I'm just a normal gu... • 3m

Over 2,000 artists at Technicolor India have been left jobless as the company abruptly halts operations, offering no clarity on pending salaries or severance. Technicolor Group, one of the world's largest animation and VFX firms, has played a crucia

See More
0 replies11 likes

Download the medial app to read full posts, comements and news.