What’s a “lala company”? Once dripped in hubris, struggling startups of today are a good example

The punch bowl is gone. The lights are dim. The music has all but faded. The debris of decadence and hubris can now be seen strewn all around the startup dance floor. It is not a pretty sight. It started with the corporate governance fracas at BharatPe and Zilingo. GoMechanic soon followed. Now there is trouble at Rahul Yadav’s Info Edge-backed firm. Even storied and well-capitalised firms such as Byju’s have been reported for accounting issues.