Dhaka, Oct. 1 -- Six startups are caught in trouble because of a venture capital firm's default to deliver on investment promises.

The affected startups-Markopolo, Fashol, Jatri, 10 Minute School, Arogga, and Solshare-alleged in a joint statement issued on Wednesday that the venture capital company, SBK Tech Ventures Ltd, apparently disappeared.

The venture capital firm, which received funds from the past Awami League government for promoting startups, has been accused of not releasing any money at all.

The startups, which provided equity based on SBK's promise to mobilise necessary investments, said that they were in a serious predicament after the SBK Tech Ventures apparently disappeared after a student-led uprising toppled the past ...