Forbes-Featured Indian-Origin Woman Exposes 2 “Desi” Founders Lying About Their Revenue & Clients In San Francisco

An Indian-origin woman entrepreneur, Ash Arora, has recently claimed that two Indian founders she met in San Francisco were allegedly misrepresenting their business, clients, and revenue.

In 2024, Ash made it to the Forbes 30 under 30 list as the youngest partner at LocalGlobe, a venture capital and private equity firm in London.

On July 9, she took to X (formerly Twitter) to allege that two “desi” founders she met were “fraud.”

FALSE REVENUES, FALSE CLIENTS

In her X post, Ash Arora wrote,“Have met two founders in SF this month. Both fraud.”

She mentioned that while the first founder has sublet a rented apartment and is showing the income from it as revenue for his startup, the second falsely claims that Amazon and Google are their clients and have signed Letters of Intent with them.

In her words, “1. Is subletting a rented apartment and showing that as revenue for his startup

2. Is claiming Amazon and Google are clients who have signed LOIs when they have never even heard of them.”

She concluded the post by saying that the only thing they had in common was that they are both Indian.

She wrote, “Both desi men 😞 Beware of these people!”

WHAT NETIZENS THINK

In a follow-up to her post, Ash Arora wrote that four venture capitalists texted her and correctly guessed the names of these founders.

“Is this Soham Parekh 2.0? We need a BS radar community out here,” she wrote.

While some users pointed out solutions, others felt adding the founders’ race was wrong.

“Agent to detect and keep a LIVE list if the company's fundamental patterns indicate that it's a fraud,” one X user commented.

“A sample of two. What’s the point of including their race?” another wrote.

“The 'desi men' part is a spicy take, but honestly, the patterns of fraud in SF are pretty universal. Desperation or greed, it always comes back to the same stuff,” yet another X user remarked.