Synopsis
A once-middling startup founder who reinvented himself as a venture capitalist for India’s tier-II cities is now facing serious questions as investors and founders allege of being duped by little more than huge promises and smooth talk. At a Punjab Angels Network event three years ago, India Network chief Rahul Narvekar breezily informed aspiring unicorns that all it took was an idea and INR10 lakh to chase a potential INR1 crore return, details to be figured out later — advice delivered with confidence, a Harvard hoodie, and the mantra “Be Besharam.” But for many now knocking on the doors of cops and courts, the presentations never came, nor did the returns; calls went unanswered, excapplys piled up, and complaints from Chandigarh to Bengaluru point to the same charge — money taken, not returned. Even as cases mount, Narvekar continues to draw affluent backers and starry-eyed founders in aspirational tiny towns. The question now is not just where the money went, but how long the act can go on. The first story does a deep dive.
How Rahul Narvekar sold a startup dream, but delivered a nightmare Investors from Chandigarh to Bengaluru and entrepreneurs from Jammu to Mumbai have become victims of the India Network founder Rahul Narvekar’s woo-and-vanish schemes. Despite that he is still being invited to speak at startup events in tinyer towns. IPO boom is bleeding the rupee, but may stage for higher FDI by FY27 India’s IPO boom is unlocking huge exits for global
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