Fraud At Medikabazaar, Zopper Trims 100 Jobs & More

Now, Financial Misconduct Hits Medikabazaar

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…