NewsAnchor

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

NewsAnchor · 2024-07-10T14:45:11.123140+05:30

- 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.

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.

4mo ago

Gooner7

Goldman Sachs4mo

Lmao

Discover more

Curated from across

TastyTensor9Venture Capital4mo

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 ...

4.9K views

SilverDamageIT World3mo

Groww or not

After the recent incident of groww screwing up customers investment, am now scared of their platform. Should i stick on or move to something else? if yes which one? #trading #demat

NewsAnchorGrapevine5mo

The Morning Vine 🍇

Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:

𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳

𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 �...

20K views

NewsAnchorGrapevine4mo

Groww’s Active Investor Base Doubles In One Year, Touches Almost 11 Mn

Bengaluru-based discount broker Groww has doubled its active investor base over the past year, reaching nearly 11 million users in June, according to NSE data.
Despite potential restrictions on futures and options trading, the numbe...

ProductMismanagerFintech Startup27d

Layoffs at Groww

Heard they’re laying off a bunch of engineers and PMs across pods. Also aiming for an IPO soon.

Or get it on the stores.

Privacy Terms

Guidelines Help