India Accelerator drags SustainKart founder to court, alleges financial misrepresentation

Quick Summary:

Investors allege that SustainKart founder Kanthi Dutt manipulated financial reports to portray a more favourable performance and seek additional funding.

Recently, Shilpa Reddy, the celebrity fashion designer and former founder of SustainKart, clarified her position regarding the eco-friendly ecommerce platform.

According to Deccan Chronicle, she stated that her values no longer aligned with the company's direction, leading her to step away from the organisation.

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Article Details

Author / Journalist: Pooja Malik

Category: StartupsEconomyBusiness

Markets: India

Topics: Company Financial Data Privacy Sustainkart Dutt Kanthi Legal Policy Founder Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 11:29:47 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23656785

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 22 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

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