CosmicTaco

NestAway Founder Files Fraud Charges Against Investors

CosmicTaco · 2025-01-02T09:27:45.704742+05:30

- Amarendra Sahu, founder of NestAway, has accused lead investors Tiger Global, Goldman Sachs, and Chiratae Ventures of fraud, forgery, and coercion during NestAway's 2023 sale. The case includes allegations of forged signatures and dishonoured side deals. - Bhubaneswar police have registered an FIR under multiple sections of the Indian Penal Code following Sahu's complaint. The Orissa high court is hearing related petitions. - Sahu claims his signature was misused post-resignation to finalize a Rs 90-crore sale to Aurum PropTech. The dispute underscores the complexities of founder-investor relations in distressed asset sales. Source: [The Arc](https://www.thearcweb.com/article/nestaway-founder-levels-fraud-charges-against-tiger-global-chiratae-ZxtoZ6ScUnQthO6b)

Amarendra Sahu, founder of NestAway, has accused lead investors Tiger Global, Goldman Sachs, and Chiratae Ventures of fraud, forgery, and coercion during NestAway's 2023 sale. The case includes allegations of forged signatures and dishonoured side deals.
Bhubaneswar police have registered an FIR under multiple sections of the Indian Penal Code following Sahu's complaint. The Orissa high court is hearing related petitions.
Sahu claims his signature was misused post-resignation to finalize a Rs 90-crore sale to Aurum PropTech. The dispute underscores the complexities of founder-investor relations in distressed asset sales.

Source: The Arc