Monday, May 13, 2019

FIR Launched on Mr Manish Aggarwal, CEO of Cashcow for Sexual Harassment charges of a female employee

 Mumbai-based fintech startup Cashcow (Rebanko Venture Pvt Ltd), Launched in 2017, the startup offers a wide array of financial products such as home loans, mortgage loans, personal loans, and credit cards to consumers at their doorstep. It also provides a tech platform to existing and upcoming direct selling agents’ networks.
So far startup has distributed more than 600 CR worth of loans and more than 90,000 credit Cards across 40 cities in India, where it is operational. It is important to note that the startup is in the growth phase & have recently raised funding in Jan 2019, led by Astarc Venture, Valpro & others.
An FIR has been launched on Mr Manish Aggarwal who is the CEO of the company for sexual harassment of a female employee in the company on 2nd May 2019. Local police has registered this FIR in multiple IPC sections including 354, 354-A, 504, 506. A senior executive in the company has informed (on the condition of anonymity) that Mr Aggarwal has mis-behaved with multiple employees in past also and used abusive words at the workplace and in public meetings.
We spoke with a senior executive from Mr Aggarwal’s previous employer Rubique, a fintech startup based in Mumbai, on the condition anonymity, he has to say this about Manish, “Manish Aggarwal was Chief Business officer in the company, but due to his rude behaviour with employees, he was told to resign from the company, overnight”.
We strongly condemn any kind of rude & misbehaviour with employees of any company, by their employers. We could not get any comment from the local police as they mentioned that case has been registered & it is under further investigation.
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