Growpital (An Agri-Fintech startup) is under SEBI probe. But nowhere has the media caught that Prashant Pitti (EaseMyTrip) was the co-founder here. Lack of info, or paid off?
TLDR from article: - 5K+ investor-partners have not received their instalments from Growpital - The headcount has reduced from 100+ to less than five, the website is shut down - Besides running the CIS scheme ‘illegally’, Growpital is also said to have fake projections But adding some more info: - A friend had met Growpital when they were raising a round. Everywhere in the media, Vineet Gupta's name is mentioned. But Prashant Pitti was the pitching founder at the time. - There was a report that one of the Tier 1 VCs had even funded them, but never came in the news, maybe deal fell through - Now very conveniently, none of this is shared by media as context. Just strange.
Wow, there is zero mention of any such linkage
So if it happened quite shocking
I was always surprised with the pace they were growing in 2022&23. The tieups and collaborations they are doing on weekly basis surprised the whole agri community.
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