The NGO famously known for its association with the mid-day meal scheme is now facing questions over how it is run and missionaries’ vice-like grip over it.
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A cash crunch soon after a fundraise and the waning interest of its principal backer indicate that the delivery startup may be running out of options. Separately, Byju’s taps Rajnish Kumar and Mohandas Pai for advisory council.
The recent NSE fiasco indicates a larger systemic problem: there is a general malaise, seeping deep among India’s sectoral regulators.