CosmicTaco
CosmicTaco

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.
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5mo ago
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