QuirkyPenguin

GoMechanic, Now Mojocare

After GoMechanic, now Mojocare is said to cook its books. Is this a trend? and which other companies are showing similar signs?

23mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

DizzyDonut

Harness23mo

Byjus 😂

PerkyMarshmallow

Razorpay23mo

Bro these guys cooked books. Byju's has cooked up its entire existence

QuirkyPenguin

Bloomberg23mo

do they even have books at this point 😂

FloatingBiscuit

Stealth23mo

At GoMechanic, it was finance head who hiding the real cash position with debt. Unfortunate.

DizzyDonut

Harness23mo

Similar startups in trouble could be in cars resale field I feel. Not sure if they can scale in India

FloatingBiscuit

Stealth23mo

Maybe, in this case it was just due to integrity of 1-2 guys who used to manage debt funds.

JumpyHamster

Stealth23mo

Jis founders ne bungalow aur bmw kharid liya..

I keep hearing founder diluted in secondary to buy Bungalow

JumpyNoodle

Google23mo

GoMechanic or Mojocare founder?

PrancingMochi

Stealth23mo

Dealshare

SillyBagel

Freelancer23mo

The problem is Indian taxation system. The more are the taxes, the more will people try to cheat. All companies do that. Nothing new. The whole breed of CA is existing on tax evasion community

SqueakyCoconut

Porter23mo

You’re cooking up arguments like they cooked their books. 🤦🏻‍♂️

What are you even saying? This had nothing to do with taxation. They were not even making money, so taxes are not even in the picture, they were actually inflating their sales.

PerkyQuokka

Stealth23mo

Next in line is moengage

JazzyWaffle

Stealth23mo

How so? Heard they were doing decent.

JumpyNoodle

Google23mo

I hear that they are @ $20M+ ARR

CosmicDumpling

Stealth23mo

I like whatever koolaid you are drinking if you feel the founders are not responsible whenever skeletons come out

DizzyDonut

Harness23mo

Who said they aren't responsible? Of course captain of the ship stands to be blamed same way he/she gets all credit for any success. But if employees could see it coming it could have been useful for them to find a new home before this one caught fire

JazzyPretzel

Stealth23mo

let him cook 😂

SquishyTaco

Stealth23mo

Mojo-does-not-care anymore

DizzyDonut

Harness23mo

Unsure how employees didn't catch the inflated sales numbers? Won't they have grafana or Prometheus based dashboards to track sales actively? If so not difficult to see that claimed numbers don't match the actuals.