A prominent seed-stage venture capital firm based out of Mumbai is facing a lot of backlash from the startup and VC community, lately. The grapevine inside the startup ecosystem is that the investor conducts pitch meetings, talks about deals, and promises everything but is not ready to sign a deal, and adding to the woe, the investor does not deny an offer either. This VC has more than 80-90 companies in its portfolio presently and is also allegedly not giving consent to founders to exit or acquire, leaving many in loss and frustration. “Beware” is what many founders are saying about this VC among their community!
