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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5mo ago
4.9Kviews
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