India, April 5 -- Startup accelerator Y Combinator has parted ways with Delve, the compliance startup currently battling allegations of fraud, intellectual property misuse and data security lapses. Founded by 21-year-old MIT dropouts Selin Kocalar and Karun Kaushik, Delve was accused last month of providing fake security certificates to clients, as well as stealing an existing open-source tool and selling it as their own product.

The accusations were first published in an anonymous Substack post by a whistleblower calling themselves "DeepDelver".

Karun Kaushik, the Indian-origin co-founder and CEO of Delve, addressed the controversy surrounding the compliance startup in a video and a blog post shared Friday.

In the video statement shar...