In a rare event that hardly happens in the startup world, subscription-only business news website The Ken has parted ways with one of its angel investors Mahesh Murthy in a matter of four months. Both Mahesh and The Ken confirmed via email that Murthy has exited his investment by selling it to another investor.
In response to a query from Inc42, Rohin Dharmakumar, co-founder The Ken stated, “Mahesh is no longer an investor in us. His stake was bought out by another investor. That’s all we have to say on this matter.”
The development was first revealed in a series of tweets by Rohin.
If you're referring to Mahesh Murthy, he is no longer our investor.
— Rohin Dharmakumar (@r0h1n) May 23, 2017
In one tweet, Rohin stated that it is non-trivial for startups to quit their investors and he hasn’t seen standard clauses that allow it.
The disclosure came when Rohin was replying to queries from a Twitter user questioning their silence on the recent charges of sexual abuse levelled against Mahesh Murthy by Factor Daily. At that time, an official statement from The Ken had labelled the Factor Daily article as a “hatchet job” stating that Factor Daily had not reached out for comment despite quoting in the article that Mahesh Murthy was an investor in The Ken.