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Farm-to-Consumer Startup Otipy Shuts Down Abruptly; Customers and Employees Left in Limbo

  • 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.

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