Fipola served legal notice on non-payment of dues

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Vendors of Chennai-based meat retailer Fipola have filed a legal notice in Bengaluru for non-payment of dues. According to media reports, the startup is considering asset liquidation to pay off some of its debts.

Fipola sold fresh and processed meat, as well as meat products and seafood. It also ran Fipola Exclusive Cafe and Grill House by Fipola, both of which ceased operations via food delivery apps Swiggy and Zomato. Employees of the company have not been paid for nearly two months, and sources told YourStory that Fipola has not deposited its contribution to the Employee Provident Fund. Fipola claimed to have over 850 employees in a February 2022 interview.

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Fipola served legal notice on non-payment of dues

Vendors of Chennai-based meat retailer Fipola have filed a legal notice in Bengaluru for non-payment of dues. According to media reports, the startup is considering asset liquidation to pay off some of its debts.

Fipola sold fresh and processed meat, as well as meat products and seafood. It also ran Fipola Exclusive Cafe and Grill House by Fipola, both of which ceased operations via food delivery apps Swiggy and Zomato. Employees of the company have not been paid for nearly two months, and sources told YourStory that Fipola has not deposited its contribution to the Employee Provident Fund. Fipola claimed to have over 850 employees in a February 2022 interview.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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