Healthtech startup Mojocare facing potential shutdown due to suspected financial irregularities

  • Mojocare is considering a complete shutdown as an internal audit reveals financial irregularities, leaving investors skeptical about the firm’s sustainability.
  • The startup has laid off over 80% of its workforce and unless a consolidation deal is found, remaining funds will be returned to investors.
  • Despite the ongoing troubles, co-founders Rajat Gupta and Ashwin Swaminathan are expected to be absolved in the forensic audit.
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