Rahul Yadav's 4B network bought Amulka for just 2 lakh rupees. Info Edge soon pumped in around 280 crore rupees and owned 65% of the company. Employee count quickly jumped from a mere 250 in July 2021 to over 2000 by July 2022. Also, it seems like 4B networks didn't care much about how they made revenues. They just wanted to grow.
Media reports are screaming that another startup has “vanished with ₹280 crores”. And in today’s episode for 6th June 2023, we thought we’d explain what’s going on.