They claim to have raised $21m (from Videocon and AEC partners) in Feb 2012, but by the end of year the founder(s) claim to have stepped down with $100m payout

They claim to have raised $21m (from Videocon and AEC partners) in Feb 2012, but by the end of year the founder(s) claim to have stepped down with $100m payout (according to engineer.ai) while the company carried on and died in 2014. I'm not an expert in this, but one of the founders is nephew to Indian billionaire Venugopal Dhoot (chairman of Videocon); according to Wikipedia and news sources he's wanted by the police since April 2018 for irregular loans between his companies accounting for hundreds of millions. Videocon filed for bankrupcy procedures in June 2018. That connection is very sketchy.