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Just days after the Gensol saga got added to the Indian startups ecosystem’s wall of shame, Medikabazaar, which was pegged at $650 Mn just three years ago, has now ousted its founder, Vivek Tiwari, from the company’s board over allegations of serious financial misconduct.
What’s The Matter? An investigation conducted by Uniqus India, Alvarez & Marsal, and Rashmikant & Partners has found Tiwari guilty of misusing company funds and overstating…
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Just days after the Gensol saga got added to the Indian startups ecosystem’s wall of shame, Medikabazaar, which was pegged at $650 Mn just three years ago, has now ousted its founder, Vivek Tiwari, from the company’s board over allegations of serious financial misconduct.
What’s The Matter? An investigation conducted by Uniqus India, Alvarez & Marsal, and Rashmikant & Partners has found Tiwari guilty of misusing company funds and overstating…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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