WestBridge-Backed Otipy Shuts Operations Amid Cash Crunch

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SUMMARY

The farm-to-fork vegetable provider brought down the curtain on Saturday, leaving around 300 employees in lurch for a livelihood

In a townhall held last Saturday, Otipy cofounder and chief executive Varun Khurana informed his employees that the startup cannot proceed further with its businesses and asked them to look for a better option

Inc42 has also learnt that Otipy has not cleared pending vendor payments

Delhi NCR-based Otipy shut down its operations last week, people close to the matter informed Inc42. The…



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WestBridge-Backed Otipy Shuts Operations Amid Cash Crunch


SUMMARY

The farm-to-fork vegetable provider brought down the curtain on Saturday, leaving around 300 employees in lurch for a livelihood

In a townhall held last Saturday, Otipy cofounder and chief executive Varun Khurana informed his employees that the startup cannot proceed further with its businesses and asked them to look for a better option

Inc42 has also learnt that Otipy has not cleared pending vendor payments

Delhi NCR-based Otipy shut down its operations last week, people close to the matter informed Inc42. The…



Source link

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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