Page 8 - Broker Network News Today

According to a report in leading startup news portal Inc42, Broker Network burnt over Rs 280 crore in less than 18 months, while over 150 employees have not been paid since November last year.

According to a report in leading startup news portal Inc42, Broker Network burnt over Rs 280 crore in less than 18 months, while over 150 employees have not been paid since November last year.

According to a report in leading startup news portal Inc42, Broker Network burnt over Rs 280 crore in less than 18 months, while over 150 employees have not been paid since November last year.

Entrepreneur Sanjeev Bikhchandani’s Info Edge is initiating a forensic audit of 4B Networks after writing off its investment into the broker network earlier this year.  The ......

According to a report in leading startup news portal Inc42, Broker Network burnt over Rs 280 crore in less than 18 months, while over 150 employees have not been paid since November last year.

Orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.

Nagalandpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nagalandpost.com Daily Mail and Mail on Sunday newspapers.

Info Edge (India) Ltd, the owner of Naukri, has started a forensic audit of Broker Network (operated by 4B Networks Pvt Ltd) founded by Rahul Yadav for repeatedly failing to provide information on financial transactions and transactions with related parties, among other things. Allcheckdeals India Pvt Ltd (AIPL), a wholly-owned subsidiary of Info Edge, invested Rs276 crore in Mr Yadavs 4B Networks and provided debt financing of Rs12 crore. AIPL holds a 65% stake in Broker Network, Mr Yadav has a...

This was after the former Housing.com founder’s latest startup exhausted Rs 192 crore in the past 14 months and majority shareholder Info Edge asked it for granular financial details.

Broker Network founder Rahul Yadav is alleged to have built a web to syphon off funds that has left employees without pay for months