Growpital’s Investment Model Leaves 5K+ Investor-Partners in the Lurch

- Since SEBI’s order in January, over 5K+ investor-partners have not received their instalments from Growpital. - The company has laid off almost all employees, reducing headcount from 100+ to less than five, and the website is shut down. - Growpital allegedly ran the CIS scheme illegally and made fake projections for a future IPO. - Vineet Gupta, a confectionery store owner, and his wife Anjali have not received payouts, affecting their child's education. - SEBI froze INR 50 Cr in bank accounts, and legal actions are being considered by affected investors.