Otipy Shutdown: Focus On Risks Of Closed Wallets In India

WestBridge-Backed Farm-To-Fork Startup Otipy Abruptly Shuts Down Operations

Delhi NCR-based farm-to-fork vegetable provider Otipy has shut down its operations. The decision was made known to employees in a town hall last Saturday, May 17. Otipy’s co-founder and CEO, Varun Khurana, informed around 300 employees that the startup could not continue and advised them to explore better options. The shutdown has left the employees in a difficult situation. A former employee said, “It was a shock. We went to the office like any…

Otipy Shutdown: Focus On Risks Of Closed Wallets In India

Farm-to-consumer startup Otipy has ceased operations after reportedly failing to secure $10 million in an extended Series B funding round, Inc42 reported. Launched in 2020, the grocery delivery startup had previously secured $32 million in Series B funding from WestBridge Capital, SIG, and Omidyar Networks in 2022. Besides 300 employees, the shutdown has also troubled customers who allegedly stuck balances of thousands of rupees in their Otipy w…