New York-based investment fund Tiger Global is also believed to be engaging with another Big 4 audit firm for a potential forensic audit of...

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 lap...

According to people briefed on the contents of the final forensic report, the founders have been found to have inflated revenues and sales ...

Some of the auditors have in recent weeks made presentations to venture capital funds showing how their previous audits unearthed financial...

Draft note circulated among investors says founders inflated revenue; final forensic report expected in 10 days.

A clutch of investors, including Peak XV Partners (erstwhile Sequoia India), Chiratae Ventures and B Capital, had initiated a review of the...

Instances of financial misappropriation in the last 12-18 months including at startups such as BharatPe, Zilingo and GoMechanic have prompt...

CrickPe will allow players to participate in different contests by either creating private groups or playing with real cricketers to win ca...

Last week, the National Company Law Tribunal (NCLT) issued a notice to Sequoia-backed beleaguered automobile after-sales service startup ov...

Sequoia Capital India will also be more selective when taking board seats at companies and, in some cases, might replace junior members fro...

Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News....

Bafna had been involved in the review of the alleged financial irregularities at Zilingo as well, ET had reported on April 19.

Sequoia has been locked in a legal battle with Sandeep Kapoor, after he included the company in a defamation lawsuit against media companie...

The statement added that after Bose was suspended as CEO, she brought to the board’s attention certain harassment claims but these did not ...

Financial irregularities are easy to uncover if diligent auditors are put on the job and held accountable, and if the directors on the boar...

This comes at a time when the Zilingo's board is thinking about removing cofounder and CEO Ankiti Bose, who is presently suspended from the...

ET was the first to report about an ongoing investigation into the company's books of accounts on March 12.