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Grinds 360’s Profitability Claims Under Scrutiny | Dublin News
Description
Grinds 360, backed by rugby stars Brian O’Driscoll and Caelan Doris, is facing scrutiny as its losses balloon to nearly €1.2 million since launch — despite claiming profitability and boasting 30,000 subscribers. While founders argue early losses were due to low revenue and that the company is now profitable, official filings show steep losses, including €777k in its first full year. The company also carries over €1 million in debt to a founder-owned entity, though spokespeople insist this debt is being reduced and transactions are fair. With over €2 million raised, the startup insists it’s on a winning trajectory — but the numbers tell a different story.
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