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Chirag

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&OTHERS • 2m

Another one bites the dust. Builder.ai — once backed by Microsoft and hailed as the future of no-code apps — is now in deep trouble. Legal chaos, governance issues, insolvency risks, and allegations of mismanagement. They raised over $450M. Now they might crash. But they’re not alone: • BluSmart: ₹900 Cr loan, fund diversion • Medikabazaar: Forensic audits, inflated revenue • Kult: Another Rahul Yadav implosion Is this just bad luck — 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? • Better governance • Obsession with fundamentals • Funding real businesses — not stories This isn’t about one fall. It’s a credibility crisis. Time to stop being shocked. And start being responsible. Your thoughts? Wake-up call or just another scroll?

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