Manufacturing enabler Groyyo's investors rope in Deloitte to shut trading business: report

Audit firm Deloitte has been mandated by the investors of Gurugram-based Groyyo - which include Tiger Global and Alpha Wave Global - to 'work with' the startup and take a closer look (essentially shut down) its money-losing trading business. Groyyo provides a b2b platform for small manufacturing companies. Tiger Global might also appoint another Big 4 firm for a potential forensic audit at the company. From the Venture Intelligence PE-VC Deal Database: Between Nov-21 and Jun-22, Groyyo had raised about USD 45 M from Sparrow Capital, Stride Ventures, BlackSoil Capital, Alpha Wave Global, Tiger Global, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)