Assessli says it signed the papers, got no money, and voided the deal — joining Granite Asia, Peak XV and two IITs in disowning a Foxhog announcement. Foxhog's own filings describe a seven-shareholder firm that lost money last year. The company says it is the one being impersonated. On September 30, 2025, parts of the startup press reported that Foxhog Ventures had put ₹44.37 crore into an AI company called Assessli. The startup says no money ever arrived. In a public notice, Assessli — registered as One Oath Educational Research and Technologies Private Limited — says binding documents were signed, including a shareholders' agreement and MGT-14 resolutions filed with the registry, but that Foxhog "failed to disburse any committed funds" and that "not a single rupee was received." It says it ran no public relations on the deal; the funding announcements were made, in its words, "solely by the other party." After more than ten months with no disbursement, its chief executive sent Foxhog a formal disassociation in February 2026, declaring the agreements null and void. Assessli is not the only company to find a Foxhog funding announcement attached to money that never came. Foxhog Ventures markets itself as the India arm of a US-India venture fund that has backed, by its own count, more than 140 companies. Its India entity'sfilings with the Ministry of Corporate Affairsdescribe something much smaller. Incorporated in January 2022 and since converted to a public limited company, Foxhog Ventures India Limited has exactly seven shareholders, the minimum a public company is allowed, all of them individuals, with no venture, institutional or foreign investor on the register; promoters hold 99.95%. Its paid-up capital is ₹15 lakh, about seventeen thousand dollars. In the year to March 2025, revenue fell 76% to ₹37.9 lakh and it posted a net loss of ₹41.2 lakh on a negative net worth. Against those numbers sit the announcements. A claimed $63 million tie-up with GGV Capital in 2022, more than two hundred times the company's total assets. An $18.6 million cheque to an education startup. A $12.65 million seed round for a UK aviation venture. And the ₹44.37 crore for Assessli. The announcements are consistent. So is what the named parties say when you ask them. When Foxhog announced the $63 million GGV deal, the money never arrived; founder Tarun Poddar later told reporters the talks had "fallen through." GGV Capital's Asia business, now Granite Asia, was blunter. Per a detailedinvestigation by The Head and Talein August 2025, it said it "has never made any investment in Foxhog Ventures or its affiliated entities." Poddar has also linked himself to Sequoia India. Peak XV Partners, the firm Sequoia India became, said the opposite: "Any claims of an affiliation between Tarun Poddar and Peak XV Partners or (formerly) Sequoia India are completely false." The other cheques have a similar shape. An announced $18.6 million investment in Amplify Dreams Academy was lar
