SUMMARY
Greenikk cofounder and CEO Fariq Naushad told Inc42 that loan defaults by borrowers was one of the major reasons behind the decision to wind up operations
Besides, the startup’s shut down was also owed to the low revenues, mounting losses and lack of investor interest to keep it afloat
Founded in 2020 by Naushad and Previn Jacob, Greenikk was building a digital ecosystem around banana cultivation. It counted the likes of 100Unicorns, Smart Spark Ventures, Mastermind Capital Ventures’ Manish Modi, among others as its…
