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VC criticises founder for spending seed money on car, flat
in5points
VC Mrunal Jhaveri criticised a startup founder for spending Rs 5 crore seed money on a luxury car and flat.
Jhaveri called the spending a 'dark reality' of startup culture.
The criticism was shared on social media, sparking debate about seed fund usage.
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Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani