Are Startup Community Funding Platforms Gaming The System?
Description
What are CSOPs and are crowdfunding platforms like Tyke in regulatory grey areas? With zero investor rights, minimal buyback obligations on companies and accounting jugglery, do thousands of investors stand to lose money on this platforms?
These are the questions host Anirban Chowdhury was determined to get answers to as he got intrigued by new fundraising platforms constantly cropping up in India’s very dynamic startup landscape.
In this episode of TMB we speak to
1) Tushaar Talwar a corporate lawyer who first pointed out the 'grey area' in such investment platforms
2) Founder of startups who have used 'crowdfunding' or CSOPs: Muthukumaran Ramanathan, Founder Vanghee.com, Rohan Sinha, founder of Kohbee,
3) Sandeep Parekh, former executive director Sebi as we question the legal loopholes.
4) Hitesh Gajaria, former senior partner of KPMG pours over the questionable accounting of these instruments on the books of these startups
5) Anurakt Jain, Co-founder and CEO at Klub, a debt funding platform.
Credits: Tyke Invest
If you like this episode from Anirban Chowdhury, check out his other episodes on The Chanda Kochhar Chronicles: CEO In Custody, India vs Europe: Regulatory Rift, Tata’s Revival Runway for Air India and more!
You can follow Anirban Chowdhury on his social media: Twitter and Linkedin.
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