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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Mumbai-based B2B startup has filed an EOW complaint against a former employee for financial misappropriation. In doing so, it may have opened a can of worms.
The Economic Offences Wing in Mumbai has been investigating allegations of financial misconduct against a former employee of Bizongo, according to two people directly aware of the developments who did not want to be named. Bizongo is a Mumbai-based startup, last valued at $945 million, that facilitates the buying and selling of raw materials.
The complaint has been filed by the nine-year-old company itself, alleging that a former employee misappropriated funds—to the tune of a little over Rs 20 crore—by way of fake transactions. And that the Bizongo management didn’t discover the alleged fraud until it was too late. This …
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.
