The ‘World Startup Convention‘ in Greater Noida was the biggest funding festival in the world. However, this turned out to be a fraud show.
The event has used the following measures to mislead the information:
- The organizers had also used misleading pictures of union cabinet ministers like Nitin Gadkari, suggesting that they would be present at the event.
- The Financial content creator/ social media influencer Ankur Warikoo and author Chetan Bhagat too faced backlash due to their alleged association with the World Startup Convention.
- Apart from this, the organizers had promised SoftBank’s CEO Masayoshi Son, Google CEO Sundar Pichai, and Elon Musk would attend the event. Additionally, The same was even listed on their official website’s homepage but not even a single guest was present at the event.
The prime “investors” of the event were Luke Talwar and Arjun Chaudhary. It was initially scheduled from January 14-16 and then it was rescheduled to March 24-26. The ticket was sold for Rs 8,000 per ticket. This has been the biggest scam.
There have been more than 2000 startups have been scammed for over 100cr of wealth in the name of a startup event-World Startup Convention- World Biggest Startup Funding Festival, which eventually didn’t even witness a single investor.
Additionally, on the day of the event, it did not fulfill any of the commitments. Additionally, there were no investors, no format, no explanations, and no chief guests. This was absolutely a fraud show at World Startup Convention in Noida. They made a fool out of all startups here.
No investors, No format, No explanations, No chief guests.
— Gestureminds Webservices (@gesturemindsllp) March 24, 2023
Absolutely a fraud show at World Startup Convention in Noida.
They made a fool out if all startups here. Shame@nitin_gadkari @Prafull_mbachai @chetan_bhagat @warikoo @rajshamani @kpmaurya1 @pushkardhami @myogiadityanath pic.twitter.com/iN9T7HTym9
A Twitter user shared a tweet saying, “Hey @chetan_bhagat now you are also part of this scam… ‘Big Scam’ Founders Slam Ankur Warikoo, Chetan Bhagat For Promoting Fyre Festival-Like World Startup Convention.”
hey @chetan_bhagat now you also part of this scam..
— 444969.eth StatueOfUnity.eth (@comtoeth) March 29, 2023
‘Big Scam’ Founders Slam Ankur Warikoo, Chetan Bhagat For Promoting Fyre Festival-Like World Startup Convention#WorldStartupConvention #scam #startupsduped #biggestscamwithstartupsever #chetanbhagat pic.twitter.com/lDLq7kMoIM
According to the reports of livemint, the event’s co-founder defended the startup convention. In an interview, Arjun Chaudhary said,” There were a lot of prestigious investors and when they saw the drama, they immediately left”.
