Inc42’s investigation reveals that Rahul Yadav’s RY Advisory LLP received over ₹15 Cr as an interest-free loan from Kult — despite having no direct role in the company’s operations. The startup has reportedly burnt ₹130 Cr in just three years while making only ₹10 Cr in revenue.
Employees allege unpaid salaries of ₹15 Cr+, beauty brands are still waiting on dues worth ₹10 Cr+, and major players like Estee Lauder haven’t been paid either.
With a growing list of liabilities and a founder whose past still haunts the ecosystem, Kult’s story may be more cautionary tale than comeback.
To read the in-depth article, click here: https://4-2.co/43myfZi
RahulYadav Kult Startup Controversy India Startups Founders Inc42 VentureCapital Beauty Tech revenue
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