Inside the stand-off between D2C Insider founder and Inflection Point Ventures

Accusations are flying between a co-founder of innerwear brand Almo and its top investor over possible corporate governance lapses and a conflict of interest, even as the startup struggles to survive.

Last week, I wrote about a conflict between a startup founder and investors. This week, I stumbled upon another similar situation. Tension has been brewing between Almo and its biggest investor. At the fag end of its four-year journey, the troubled Gurugram-based innerwear brand is accusing Inflection Point Ventures of thwarting negotiations for a possible acquisition. 

Founded in 2020 by Abhishek Shah, Chhavi Bhardwaj and Muskaan Jain, the company has raised $2.2 million in all. The last fundraise—$2 million—was in 2022, with Inflection Point Ventures leading the round. Over the past couple of years, the company fell on hard times …

Author

Anuj Suvarna

Anuj covered all things startups and venture capital at The Morning Context. Previously, he worked at VCCircle, where he covered healthcare and private equity. Anuj studied mass communication at the Manipal Institute of Communication and before journalism, he operated a bar in Udupi.

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anuj@mailtmc.com

Bengaluru