Exclusive: Mojocare investors weigh legal action against founders

A few shareholders of Mojocare are considering legal action against the healthcare and wellness startup’s founders, people aware of the discussions said Monday, a day after an investor group said a review of the company’s accounts revealed financial irregularities.

Venture capital firms as well as angel investors are also discussing winding down Mojocare’s operations and distributing the remaining capital among themselves, even as a forensic audit of the Bengaluru-based company is underway, they said.