DerpyPotato
DerpyPotato

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.
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7mo ago
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ZippyPotato
ZippyPotato

Wow thanks for sharing
Interesting scoop

DancingDonut
DancingDonut

This is something shady written all over it

WigglyBanana
WigglyBanana

Wow, there is zero mention of any such linkage So if it happened quite shocking

BubblyHamster
BubblyHamster

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.

SwirlyDumpling
SwirlyDumpling

Fraud

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