Major Start-Up Scandals of 2023

MAJOR START-UP SCANDALS OF THE YEAR

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BYJU’S 2023: A Year of Turmoils: INR 9,000 Cr. violation of FEMA rules, and delay in financial reporting

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Financial Deception at GoMechanic & Mojocare: confessed to falsifying figures and inflating revenues

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World Startup Convention: participants and sponsors were misled, alleged deception

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The Broker Network Implosion: Rahul Yadav was accused of embezzling INR 280 Cr. from Broker Network in 18 months

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The BharatPe: Ashneer Grover Brawl Intensified In 2023: INR 81cr. fraud FIR by Delhi police EOW

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Mahadev betting app scandal: ED unearthed the online betting app scam

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ZestMoney lost its zest: Financial irregularities, entrapment in debt cycles, and loan defaults

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Founders lose faith in Shark Tank: deliberate delay in investments and lack of documented deals

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Thanks For Watching!

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