UP Govt Cancels ₹25,000 Crore MoU With Puch AI After Due Diligence Shows Financial Red Flags
Published on: March 27, 2026, 10:52 a.m. | Source: Free Press Journal
The Uttar Pradesh government cancelled its ₹25,000 crore MoU with Bengaluru-based Puch AI days after signing, citing failure to meet due diligence norms. Invest UP said the startup lacked financial strength and credible backing for a project of this scale, amid backlash over its small size and limited track record.
