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While 4B Networks' 150 employees went unpaid since November 2022, founder Rahul Yadav reportedly moved around in a Mercedes-Maybach and rented a boardroom at Mumbai 5-Star Taj Land’s End for Rs 80,000 per day.
Trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.
'Why would someone as astute as Info Edge's Sanjeev Bikhchandani get swayed into the Rahul Yadav mess,' asks a Twitter user
CRED is said to be eyeing a bigger digital lending play and compete more directly with the likes of Paytm and PhonePe
Info Edge holds a 65% stake in the company and has written off its investment.