Info Edge Writes Off Entire Investment In Sequoia-Backed Bijnis
Wrong news, its a technical write-off because of some Indian Accounting standards Infoedge has to follow.
Why would someone write off in their books without it actually being a write off? Nonsense explanation by Infoedge and you seem to be dumb to fall for it
Considering there was a buy back clause and that was building a liability in books of Infoedge books and they had to reinstate there last 3 years financials which they thought impossible to do so , why would Infoedge give clarity if they would have actually written off, why would Sanjeev say on the analyst call that it is a techincal write off and will be written back in 2 quarter?
Think my friend, just masala of media mai maat kho jao.
This is not true for now, it is a ‘technical’ write-off https://twitter.com/katrishabh/status/1662080700907159552?s=46&t=Gfxvl_H8bzH-pFa2iCFXhw
Another startup that could have been something had it not been for the bull market and Tiger investing unnecessarily. Over $66Mn raised, and now it's over.
Copy cats. App should have been called Poo
They laid me off as an intern after promising PPO :(
What problem were they solving anyway
Another one bites the dust. Alpha Wave is too big, and this is fucked up for the ecosystem. They were really one of the heavy weights. Another big wallet with growth funding ability, just gone...
They have big pockets but very cunning and power hungry people. They promote cut-throat ruthlessness. They are being ...
A founder friend (unicorn startup) told me that in the founder circle ,they call Alphawave as dumb money
Just last week he was giving gyan on why BYJUs failed. Welcome BYJUs 2.0..
