A Reddit community has elected Byju Raveendran the worst Indian founder for creating a toxic work environment, 'scamming' clients with unethical business tactics, and bringing a negative name to the Indian startup scene. The co-founder and CEO of edtech platform Byju's is currently entangled in a series of legal and financial concerns, including charges that he fraudulently transferred $533 million to offshore accounts related to him, which he denies.
Day 4 - Worst Founder (Seems like the Most Awaited Category, Most Mentions and Upvotes will be added)
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His company, Byju's, has also defaulted on large debt obligations in the United States and India, and it is currently in bankruptcy proceedings. These concerns have resulted in large-scale layoffs, pending salaries, and a significant decline in the company's price.?
The "Startup India" Reddit group has been gathering public feedback on Indian business founders. The current voting process has so far determined the most underappreciated, overrated, greatest, and worst Indian founders.
Byju Raveendran, 44, was firmly voted India's worst founder, with Reddit users criticizing his behaviour of staff, customers, and investors.It was, however, a close race between Byju Raveendran and Ola's Bhavish Aggarwal, who has recently faced criticism for providing bad service to Ola Electric customers. Here's how people voted in the comments.?
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Meanwhile, Reddit users voted for the Best Founder, and Zoho's Sridhar Vembu won. Vembu was selected as the best Indian founder for his contributions to job creation in his community, as well as his ability to build a successful product and develop an impressive business plan.?
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