technology

Invact Metaversity angel investor Gergely Orosz says CEO Manish Maheshwari holding company hostage


New Delhi: Gergely Orosz, an angel investor in troubled edtech startup Invact Metaversity, has publicly chastised its cofounder and CEO Manish Maheshwari, days after the former Twitter India chief stated on the microblogging site that the platform is at a crossroads and may close down.

ET reported about the email sent by Maheshwari’s cofounder Tanay Pratap on May 23 detailing the rift between the two.

Responding to Maheshwari’s tweet, Orosz said “I am an investor in @invactHQ. Contrary to what this thread says, the company is not failing. However, its CEO is.”

“The company has a product, has a CTO, and is executing. It also has a CEO holding the company hostage. As an investor, I see @invactHQ succeeding: but without you,” he added.

Maheshwari has had ‘irreconcilable differences’ with Pratap, according to the email sent by the latter to investors last week detailing the crisis

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Both the founders of Invact Metaversity, who started the company in October last year, have had differences of opinion over the vision and execution of the startup and have brought these issues before their investors.

“There was a breakdown in discussions between the two of us due to irreconcilable differences,” Pratap said in the above-mentioned email.

In an
interview with ET, Maheshwari said the idea of Invact Metaversity was also perhaps ahead of its time.

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