By Rishabh Naudiyal Last Updated:
Indian entrepreneur, Rahul Yadav's 4B Networks, the company behind Broker Network, is currently facing a severe crisis that could potentially lead to its collapse, as per multiple reports. Despite being backed by lead investor InfoEdge, the company has reportedly burned through more than Rs. 280 crores in less than 18 months. The effect of crisis at Broken Network is affecting the reputation and status of 4B Networks in the market.
Not only this but shockingly, over 150 employees of Rahul Yadav’s Broken Networks have not received their salaries since November 2022. The reports clearly reveal that Broken Network is on the verge of a possible collapse due to the company's financial mismanagement.
Amid all the crisis at Rahul Yadav’s Broken Network, the founder continues to live an extravagant life. Several financial experts and business people have already criticised Rahul for his lack of maturity. Even netizens are quite furious at the entrepreneur, who looks unaffected or unbothered by the fact that 1500 employees haven't received a single penny from the company for almost a period of approximately seven months.
As per multiple media reports, Rahul Yadav was reportedly seen frequently driving a luxurious Mercedes-Maybach. Not only this, according to reports, he has even rented a boardroom at Mumbai's upscale Taj Land's End hotel for a staggering sum of Rs. 80,000 per day. Additionally, he is also accused of borrowing personal loans from long-time employees. If the reports are to be believed, one of the colleagues even filed a criminal case against Rahul for allegedly borrowing an estimated sum of Rs 50 lakh.
These revelations are currently ruling the headlines as Broken Network's financial woes speak volumes about Rahul Yadav’s ability to lead a company. As per a report in DNA, an employee of Rahul Yadav’s Broken Network has shared that the founder is looking to buy another luxury car, Bentley. The employee said:
"Rahul Yadav told us luxuries such as his Maybach came from his earnings at Anarock. He is also looking to buy a Bentley."
This is not the first time when Rahul Yadav and financial losses have been mentioned in the same sentence. Over the years, we have seen him failing in his startups, and once again, the downfall of Broken Networks is signalling the same old story of Rahul Yadav. However, there’s still some time left to manage the losses, but by the look of it, it doesn’t look like Rahul is interested in resolving the problems of his employees. Well, only time will tell what will happen with Broken Network and 4B Networks.
What are your thoughts on how Rahul Yadav manages his company, Broken Network? Let us know.