Exclusive: WestBridge-Backed Otipy Shuts Operations Amid Cash Crunch

WestBridge-Backed Otipy Shuts Down Amid Severe Cash Crunch

According to those familiar with the situation, Otipy, situated in Delhi NCR, ceased operations last week, as reported by a media outlet. On Saturday, the farm-to-fork vegetable supplier shut operations, leaving about 300 workers struggling to make ends meet.Otipy cofounder and CEO Varun Khurana told his staff during a town hall on 17 May that the startup is unable to continue with its operations and encouraged them to find a better alternative.…

Exclusive: WestBridge-Backed Otipy Shuts Operations Amid Cash Crunch

Delhi NCR-based Otipy shut its operations last week, people close to the matter informed Inc42. The farm-to-fork vegetable provider brought down the curtains on Saturday (May 17), leaving around 300 employees in the lurch.  In a townhall held last Saturday, Otipy cofounder and chief executive Varun Khurana informed the employees that the startup cannot proceed further with its business and asked them to look for better options. “It was a shock. …