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&OTHERSย โขย 3m
Another one bites the dust. Builder.ai โ once backed by Microsoft and hailed as the future of no-code apps โ is now in deep trouble. Legal chaos, governance issues, insolvency risks, and allegations of mismanagement. They raised over $450M. Now they might crash. But theyโre not alone: โข BluSmart: โน900 Cr loan, fund diversion โข Medikabazaar: Forensic audits, inflated revenue โข Kult: Another Rahul Yadav implosion Is this just bad luck โ or a deeper flaw in the ecosystem? We glorified growth at any cost, mistook valuation for value, and chased hype over health. The price? Investor distrust. Founders with real value now struggling to raise. The fix? โข Better governance โข Obsession with fundamentals โข Funding real businesses โ not stories This isnโt about one fall. Itโs a credibility crisis. Time to stop being shocked. And start being responsible. Your thoughts? Wake-up call or just another scroll?
Hey I am on Medialย โขย 3m
Builder.aiโs Fake AI โNatashaโ Was Just Indian Developers: For 8 years, Builder.ai claimed its AI โNatashaโ could build apps without code. It raised $450M from Microsoft and Qatar Investment Authority. But the WSJ revealed it was all done manually
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The Institute of Chartered Accountants of Indiaย โขย 3m
Microsoft-backed Builder.ai files for bankruptcy ๐ Another AI unicorn has fallen. this time, itโs Builder.ai. Once hailed as a game-changer with $450M+ in funding from giants like Microsoft and Qatarโs sovereign wealth fund, Builder.ai promised a
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&OTHERSย โขย 5m
Medikabazaar. BluSmart. Whoโs next? Two major Indian startupsโone in healthtech, one in EV mobilityโare now at the center of financial misconduct. Medikabazaar is facing a โน279 Cr indemnity claim after forensic audits revealed inflated revenues and
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&OTHERSย โขย 5m
From โน7,000 Cr to โน1,407 CrโEcom Expressโs fall is a startup cautionary tale. Once hailed as an IPO-bound logistics unicorn, itโs now sold in a distress deal to Delhivery, with an 80% value erosion in just a year. Why? Overdependence on Meesho (40โ
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&OTHERSย โขย 5m
EV Dream or Nightmare? BluSmart's alleged โน900 Cr scandal is sickening. A punch to the gut for founders & investors. ๐ โน900Cr EV loan, but SEBI alleges ~โน300Cr diverted: luxury flat, family transfers (โน8Cr+), another startup investment, fake docs.
See MoreBelieve in yourselfย โขย 1y
"Shareholders Doubt Muskโs Pay Over Nvidia Chip Diversionโ ๐จโ๐ผElon Musk, the boss of Tesla, wanted a big ๐ฐ pay package. But some Tesla ๐ผ shareholders said โnoโ because they think heโs not focusing enough on Tesla. Theyโre unhappy because he sent
See MoreNewbieย โขย 5d
๐ Klarnaโs $14B Reality Check Once hailed as a $50B fintech rocket, Klarna is now heading for a U.S. IPO at a humbler $13โ14B. โGrowth without profit is a mirage.โ 111M users. 790K merchants. Debit cards in U.S. wallets ๐ณ. Licenses in Europe ๐.
See MoreEntrepreneur | Build...ย โขย 4m
This man has scammed the Indian startup ecosystem 3x. And we have allowed him to repeat often. ๐ฅ 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 (
See MoreProduct led growth M...ย โขย 5m
What went wrong with BluSmart isnโt just fraudโitโs a wake-up call for Indiaโs startup ecosystem. ๐จ A company positioned as the future of clean, electric mobility now faces allegations of siphoning off โน262 crore in loans meant for EVsโto fund luxu
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Dexter Capital Advisorsย โขย 7m
I fear we have another Byju's like disaster in The Good Glamm Group. So many similarities, itโs worrisome ๐๐ TGGG, much like Byju's, has seen a high-profile exodus of the three largest investors as board members, signalling deep distress and mistr
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