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Naukri(dot)com's owner Info Edge -- which invested Rs 276 crore in six tranches for about 60 cent stake in Yadav's 4B Network Pvt Ltd (also known as Broker Network) and gave another Rs 12 crore as loan
The Economic Offences Wing (EOW) of Mumbai Police is investigating Rahul Yadav, the founder of a property startup, for allegedly mishandling Rs 288 crore of investor money and transferring funds to a firm co-owned by his wife. Info Edge, which invested in Yadav's startup, filed a complaint accusing 4B Network Pvt Ltd of cheating and engaging in suspicious transactions.
Indian startups raised only $7 Bn in funding between Q1 & Q3 2023 in comparison to $22 Bn raised in the same period in 2022 & $27 Bn in 2021
Rahul Yadav: The city police’s Economic Offences Wing (EOW) probing the matter opposed the ABA, contending that Yadav failed to join the investigation on at least two occasions.
Rahul Yadav and Sanjay Saini of 4B Networks file anticipatory bail application in Mumbai court over cheating allegations.