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Our big story this week: Rahul Yadav's Broker Network burnt over INR 280 Cr in less than 18 months, and the founder is alleged to have built a web to syphon off funds from the #InfoEdge-backed company (1/n)
Read now: inc42.com/features/rahul…
@Inc42
Read now: inc42.com/features/rahul…
@Inc42
With #BrokerNetwork left with no money, employees who have not been paid since November 2022, have run into financial troubles as a result of the cash crunch
This is as much their story as it is of a financial web (below) alleged to have been spun by Yadav (2/n)
This is as much their story as it is of a financial web (below) alleged to have been spun by Yadav (2/n)
Speaking to @Inc42, Rahul Yadav said #InfoEdge blocked efforts to raise funds, but the question is whether Broker Network merely had a bad business model or did wilful misconduct lead to this calamitous situation?
(3/n)
(3/n)
As #InfoEdge, with 65% stake, has written off its INR 280 Cr investment in majority shareholder and initiated a forensic audit, #BrokerNetwork is on shaky grounds and can crumble anytime
Read our in-depth investigation now: inc42.com/features/rahul…
@Inc42
Read our in-depth investigation now: inc42.com/features/rahul…
@Inc42
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