Siply’s Sousthav Chakrabarty took hundreds of investors for a ride

A tangled mess of related party transactions and misstatements have left the fintech’s investors looking for answers and contemplating legal action.

30 November, 202318 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

BlissClub’s niche is going to be its Achilles' heel

The Elevation Capital-backed startup created a space for itself in premium women’s activewear. But growing further will take more than just funding. For starters, it could think beyond womenswear.

Internet
Story image

Restaurants desperately seek a third alternative in food delivery

Long plagued by Zomato and Swiggy’s machinations, restaurateurs are now saddled with charges for unsolicited ads and promotional discounts. Can ONDC help them break the duopoly?

Internet
Story image

The curious case of Deepak Ravindran and KiranaPro

Turns out the recent hack at the grocery delivery startup is just the latest in a string of bizarre events that do little to dim its appeal for investors.