Curious to know how they inflated the revenue and lowered the cost. It can be easily caught by reconciling cash flow statements with PnL.
Not sure about the details. But as a customer I knew that their service quality was very poor. Which is surprising because service startups usually deliver delightful experiences for the same/slightly higher price.
The metrics/revenue faking was ofcourse the bigger choker though
Anyone from their team help me understand
Curious to know what exactly they did to inflate the revenue and lower the cost. It's easily trackly by reconciling cash flow with pnl. This must be known to their sr. Employees and Investors.
I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business
I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping
Guess they finally adjusted EBITDA hard enough
Seems fake. All account gimmickry. Trust me. If they are EBITA positive, get yourself listed.
Can be GMV, revenue, users, EBITDA, customer satisfaction etc. Curious to know what are things people here have seen 👀
An Indian social app (not koo or sharechat) hired a guy who would go on different groups in the app and write “jai sh...
Created whole new metrics a.k.a Community Adjusted EBITDA lol
Hmm lol Worked at a influencer focused eComm enablement play (not very well known) We started charging the ...
