Bhutan Crowdfunded Startup Disappears, Leaving Investors and Regulators in Dispute
Himalayan Food, a fruit and vegetable processing startup, raised Nu 4.5 million via Bhutan Crowdfunding in 2019 but has since become unreachable. Investors report a lack of updates, and regulatory bodies RSEBL and RMA are at odds over responsibility. The case highlights gaps in oversight and communication within Bhutan's equity crowdfunding framework.