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CEO Explains How He Faked Results in $300 Million Meltdown
Executives, Cancer, Systems, and Dunzo
Peeyush Jain & Mohit Garg
April 16, 2025
In partnership with
Salutations, Olio aficionados! š
Midweek greetings to all, as we unveil the 143rd chapter of Weekly Olioāa delightful concoction of laughter, insight, and a sprinkle of mystery. Within these pages, you'll discover a handpicked selection of fascinating finds from the vast realms of the internet.
Keep your eyes peeled for this weekās Publisherās Parmesan, arriving this Sunday!
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The Quoteó ¢ š
āThe best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint enough to keep from meddling with them while they do it."
The Tweet š¦
Hello everyone, if you're reading this that means cancer won this time,idk when this letter will reach you but I'll have someone sending it for me,
One last thing I wanted to say.
ā ćā«·yasdaā«øć| MY WIFE IS LITERALLY THE BEST (@yasda0)
9:02 PM ā¢ Apr 2, 2025
A poignant thread from someone who just lost his life to cancer. Pieces like these are like milestones - to stop, reflect and then plan the next move.
The Infographic š¹
Scott Adams on having systems instead of goals!
The Short Read š
Inside the chaotic demise of Indian online delivery pioneer Dunzo - by Ananya Bhattacharya
Ananya Bhattacharya is a Rest of World reporter based in Mumbai, India. She has written for over nine years about India's tech sector and global economics, as well as the startup scene across South Asia.
Dunzo was a leader in India's online delivery market, but faced problems when it changed its focus. Switching to "dark stores" and pressure from investor Reliance made things difficult. Read moreā¦
The Long Read š
CEO Explains How He Faked Results in $300 Million Meltdown - by Bloomberg
e-fishery was Indonesiaās startup poster child. Led by Gibran Huzaifah, it raised millions of dollars from top global investors including the likes of Softbank, Temasek and Peak XV. At its peak, it was valued at $1.4B - a massive win for the fledgling startup ecosystem in South East Asia.
But all of this came crumbling down like a pack of cards when investors discovered massive financial irregularities. The founder had taken the liberty to paint a rosy financial picture - that did not exist. The reality was very different from the picture that was painted. In this article, Gibran, the founder of eFishery speaks to Blooomberg and lays bare his thought process behind this fraud. A must read for founders, investors and operators. Read moreā¦
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Weāll be back in your inbox 2 PM IST next Wednesday. Till then, have a productive week!
Disclaimer: The views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual.
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