Otipy, a community group buying platform connecting consumers with fresh farm produce, has abruptly ceased operations, leaving customers, partners, and employees in dismay.
Despite previously raising significant funding, Otipy faced financial challenges, with a notable increase in revenue but mounting losses in recent years.
Internal issues surfaced with layoffs of nearly 300 employees, indicating underlying strains within the startup.
Customers and partners are expressing frustration over frozen wallet balances, unpaid dues, and lack of communication from Otipy, reflecting a trust deficit in the company's closure.