Stay updated with breaking news from Strell. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
An LP (an individual or an entity) is the money behind a VC or private equity fund. In the past 12-18 months, allegations of governance lapses or financial irregularities have surfaced at startups such as BharatPe, Trell, Zilingo, Mojocare, Phablecare and 4B Networks. Prompted by these reported instances of mismanagement and lack of oversight, LPs are driving changes in their relationships with VCs who recommend and manage their investment funds. ....
With several allegations of fraud triggering investor-led investigations, venture capital firms are laying down a set of pre-emptive conditions before wiring the greenbacks. In their eagerness to nip any kind of financial anomaly in the bud, they spare none, even the second-time founders. ....
Some of the auditors have in recent weeks made presentations to venture capital funds showing how their previous audits unearthed financial irregularities such as inflated revenue at startups, said a venture investor who has seen such presentations. ....
Lifestyle social commerce platform Trell has seen another wave of employee exodus as it struggles to pay creators in the country. 📰 Trell Sees Another Employee Exodus As 100 Employees Quit Firm. ....