Hate to post this. But I guess it is needed to create awareness..
Early stage founders should see this below article. Integrity and perseverance is a must for their startups and also for the image of Indian startup ecosystem to thrive and attract investments from abroad.
A ₹1,380 Cr startup just COLLAPSED.
And every founder should learn from it 👇
In 2015, Medikabazaar started to help hospitals buy medical supplies online.
It grew fast.
Investors put in ₹1,500+ Cr.
By 2022, it was valued at ₹5,700 Cr.
Then this happened:
⚠️ Sales were shown 50% higher than real
⚠️ ₹279 Cr claim from investors over false numbers
⚠️ Company money was misused
🚫 CEO Vivek Tiwari was removed from the board
🚫 Trust was broken. Image damaged.
Why should this worry founders?
Because making a useful product is not enough.
Getting funding is not enough.
Being in the news is not enough.
If your numbers are fake… it won’t last.
If you don’t handle money right… it will fall apart.
💡 As a founder, here’s what I’m learning from this:
✅ Don’t lie to look successful
✅ Trust is hard to earn, easy to lose
✅ Company funds are for the company, not for you
✅ Good rules and checks should start on day one
We’re all trying to build something great.
Let’s make sure it’s strong, not just shiny.
Great advice for early stage founders !! Thanks for writing this post