The Economic Times

Yogi Adityanath's UP govt explains why it scrapped the 25,000 crore deal with 1-year-old startup Puch AI within days

Puch AI-UP Govt deal cancelled: The Government of Uttar Pradesh has formally cancelled a Memorandum of Understanding (MoU) with Bengaluru-based startup Puch AI, which proposed a 25,000 crore investment to establish an AI Park, an AI University, and data center infrastructure in the state. Invest UP announced the termination on Thursday, March 26, 2026, stating that a review revealed a lack of adequate net worth and absence of credible financial linkages.