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BUILDER.AI BANKRUPTCY
Lenskart’s Rs 8,000 crore IPO; IT’s GCC threatHappy Wednesday! Lenskart has filed its draft IPO papers for a Rs 8,000-crore public offering. This and more in today’s ETtech Morning Disp...- Price wars hurt payment firms; CG Power’s fab play faltersHappy Friday! Payment aggregators are slashing fees to stay in the game. This and more in today’s ETtech Morning Dispatch.
- VerSe Innovation allegedly billed Builder.ai without services; Indian company denies claimsVerSe Innovation, parent of Dailyhunt, and Builder.ai allegedly inflated revenue through reciprocal invoicing without actual services rende...
- Builder.ai-Dailyhunt fake sales: All you need to know about the “round-tripping” scandalRound-tripping involves transferring money between companies without any genuine exchange of goods or services — the only aim being to infl...
- Builder.ai faked business with Indian firm VerSe to inflate sales: SourcesBuilder.ai, facing bankruptcy, allegedly inflated sales figures by engaging in "round-tripping" with VerSe Innovation, billing each other f...
- ETtech Explainer: Why AI startup Builder. ai is filing for bankruptcy despite backing from Microsoft and QIABuilder. ai, a UK-based AI startup backed by Microsoft and QIA, is filing for bankruptcy after lender Viola Credit withdrew $37 million, le...
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