Prime Vantage

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

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

Agencies

Synopsis

Startups like BharatPe were stars of India’s 100 unicorns story not too long ago. The sweet music ended as their ghosts of fractured corporate governance jumped out. But what makes it out for public consumption is perhaps just a fraction of what has taken place over the last five years. One wonders, where are we heading?

By
5 mins read, Last Updated:
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.
( Originally published on Jun 10, 2023 )

To Read the Full Story, Become an ET Prime Member

Access the exclusive Economic Times stories, Editorial and Expert opinion

Subscribe Now

Monsoon Offer

Get flat 20% off

on ETPrime membership

Membership Benefits

Access the exclusive Economic Times

Stories, Editorial & Expert opinion

Complete Access with ET Prime

Experience your Economic Times newspaper, The way you've always liked!

Get to know where the market gurus invest & grow your portfolio.

Stock Report Plus

In-depth stock analysis for 4000+ companies

Stock Analyzer

Instant stock analysis based on Solvency, Profitability, Growth, Valuation, Momentum, Risk & More.

Now Available with ET Prime

Manage your money efficiently with this weekly guide.

Clean experience

with minimal ads

Easy & distraction-free reading with 90% less ads

Sharp Insight-rich,

In-depth stories across 20+ sectors

1500+ Exclusive stories & analysis across sectors to help you stay informed

Get One Year Times Prime Subscription worth ₹1199 for free

Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-

Enjoy unlimited access to breaking news and thought provoking stories from all around the world.

Get One Year Docubay Subscription worth ₹999 for free

Stream award-winning international documentaries from more than 100 countries.

Offers By Our Partners

Exclusively for ET Prime Members

Members Love Us

The stalwarts of the industry trust ET Prime for insightful analysis & unbiased thought pieces

Gift a story

Your membership includes Story Gifting Credits. Now gift exclusive stories to your friends & peers.

Comment & Engage

with ET Prime community

Communicate & build a connection with great minds of the industry

A trusted team of

Journalists & Analysts

Unbiased perspective & detailed reporting by our team of journalists who have in-depth knowledge and years of experience