The Tiger Global-backed edtech startup faces charges of cheating and breach of trust in a complicated acquisition gone awry.
Addendum: After the publishing of this story, two investors of Saarthi Techpro shared their statements on Classplus not honoring its commitments to them. “Classplus's failure to pay us (Saarthi’s investors), despite numerous attempts to resolve the issue, is more than just negligence—it's a glaring sign of bad faith. We investors were left abandoned and deceived, and we demand immediate action,” said Ayush Banka, an angel investor at Saarthi. “This isn't just business; it's a matter of principle, and we won't rest until it's rectified.”
Paras Batra said that the investors have been met with complete silence despite attempts to reach …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.