🚨 Startup founders alert: upfront fee abuse, formal complaints already filed
Fundveen Private Limited
Fundveen.in
Fundveen.com
Angleinvestor.in (associated email)
This review is shared as a serious public warning to startup founders and business owners.
Our experience with Fundveen raises grave concerns. We were approached in the name of arranging startup funding / loans / project finance and were asked to pay multiple upfront charges (onboarding fees, documentation, MoU / term sheet preparation, etc.).
After payments were made:
No funding was arranged
No signed or verifiable term sheet was delivered
No confirmed investor or lender was introduced
Repeated delays, excuses, and shifting timelines followed
Communication significantly dropped after money collection
More concerning, during our engagement we observed that the same individual employee was involved earlier with entities operating as “Sigma Consultant” and “KredX Consultant”, using similar funding promises and fee structures. This pattern raised serious red flags for us.
Due to non-delivery of promised services, we have already initiated formal complaints, including:
Cyber Crime complaint (online financial deception concerns)
These actions were taken only after repeated attempts to resolve the matter directly failed.
This review represents our personal experience and opinion, shared strictly for awareness and founder protection. Early-stage startups are especially vulnerable to such models.
⚠️ Founders, please note:
Genuine funding advisors work on success-based fees
Upfront payments without verified investor mandates are a major risk
Always verify company credentials, employee history, and refund clauses in writing
We strongly urge founders to do deep due diligence before engaging with Fundveen or any connected consultants. We hope this review helps others avoid similar losses.