Y Combinator removes Indian startup from batch over ‘irregularities’Reading Time: < 1 minutes
In the email, a YC group partner said the venture firm had ‘discovered irregularities’ at the startup that broke the firm’s ethics policy, but did not elaborate.
‘If you have anything outstanding with this company,’ the YC partner wrote in the email, ‘our recommendation is to disengage completely with the company.’ Medobed is no longer part of YC, ‘won’t do YC demo day, and, as far as we know, haven’t raised any money as part of this process,’ wrote the partner.
YC and founders of Medobed didn’t respond to requests for comment on August 29. YC has also removed mentions of Medobed from its website.
It’s very rare for Y Combinator, which selects a few hundred startups from tens of thousands of applications, to remove a firm from its coveted batch. India has emerged as a key market for YC in the past half decade.
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