The recent forensic audit of healthtech player Mojocare has yet again brought to the focus the need for stricter governance practices among startups. While most of the time fingers have been pointed towards founders, many now say that investors are equally to be blamed for lapses.
Cases like BharatPe, GoMechanic, Trell, Zilingo, and most recently, edtech major Byju’s do raise questions in the mind of the investors and also bring additional scrutiny to the market, several players are now saying it is good to have this being sorted now.
Hence, conversations among startups and founders around governance have, of late, been on the rise, several industry insiders told Business Standard. These have come in the form of industry-led initiatives and