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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A tangled mess of related party transactions and misstatements have left the fintech’s investors looking for answers and contemplating legal action.
More than 200 investors took a bet on a banker-turned-entrepreneur who pitched a larger-than-life fintech operation. His pitch said all the right things, almost as if it had been refined by a keyword generator: financial inclusion, Bharat, frictionless savings and vernacular approach. And, best part, it coincided with a bull market.
Turns out it was just smoke and mirrors. This is a story of a fintech venture where hundreds of investors wanted a piece of the high growth and multiples game of startups. Now, they have all been left high and dry, struggling to get answers.
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Sousthav Chakrabarty doesn’t …
