Startup Fraud Allegations: When Unicorn Dreams Turn Sour
A stunning fraud saga has rocked India’s startup scene. Builder.ai – a UK-based AI startup once touted as a $1.5 billion unicorn – abruptly collapsed after internal audits revealed its revenues were wildly exaggerated. 2023 sales of $180 million were slashed to about $45 million, and 2024 projections were