{"id":31068,"date":"2026-02-24T01:09:34","date_gmt":"2026-02-23T17:09:34","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=31068"},"modified":"2026-02-24T01:09:34","modified_gmt":"2026-02-23T17:09:34","slug":"mothershipsg-since-its-2023-founding-tipsy-unicorn-has-faced-other-controversi","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=31068","title":{"rendered":"@mothershipsg Since its 2023 founding, Tipsy Unicorn has faced other controversi&#8230;"},"content":{"rendered":"<p><br \/>\n<a target=\"_blank\" title=\"@mothershipsg\" href=\"https:\/\/www.tiktok.com\/@mothershipsg?refer=embed\" rel=\"noopener\">@mothershipsg<\/a> <\/p>\n<p>Since its 2023 founding, Tipsy Unicorn has faced other controversies involving Tipsy Bird\u2019s sole shareholder, Tipsy Collective.  In 2024, investors sued the hospitality group for alleged financial mismanagement, saying development costs doubled from S$3 million to S$6 million despite warnings. They added that the company owed about S$5.2 million to suppliers, contractors and other creditors. Mothership\u00a0has reached out to Tipsy Unicorn and Tipsy Collective for comment. <a target=\"_blank\" title=\"mothershipnews\" href=\"https:\/\/www.tiktok.com\/tag\/mothershipnews?refer=embed\" rel=\"noopener\">#mothershipnews<\/a> <\/p>\n<p> <a target=\"_blank\" title=\"\u266c News, documentary program style(1079935) - Music by\" href=\"https:\/\/www.tiktok.com\/music\/News-documentary-program-style-1079935-7011537518629750785?refer=embed\" rel=\"noopener\">\u266c News, documentary program style(1079935) &#8211; Music by<\/a><\/p>\n<blockquote class=\"tiktok-embed\" cite=\"https:\/\/www.tiktok.com\/@mothershipsg\/video\/7608880239086718215\" data-video-id=\"7608880239086718215\" data-embed-from=\"oembed\" style=\"max-width:605px; min-width:325px;\">\n<section> <a target=\"_blank\" title=\"@mothershipsg\" href=\"https:\/\/www.tiktok.com\/@mothershipsg?refer=embed\" rel=\"noopener\">@mothershipsg<\/a> <\/p>\n<p>Since its 2023 founding, Tipsy Unicorn has faced other controversies involving Tipsy Bird\u2019s sole shareholder, Tipsy Collective.  In 2024, investors sued the hospitality group for alleged financial mismanagement, saying development costs doubled from S$3 million to S$6 million despite warnings. They added that the company owed about S$5.2 million to suppliers, contractors and other creditors. Mothership\u00a0has reached out to Tipsy Unicorn and Tipsy Collective for comment. <a title=\"mothershipnews\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/mothershipnews?refer=embed\" rel=\"noopener\">#mothershipnews<\/a> <\/p>\n<p> <a target=\"_blank\" title=\"\u266c News, documentary program style(1079935) - Music by\" href=\"https:\/\/www.tiktok.com\/music\/News-documentary-program-style-1079935-7011537518629750785?refer=embed\" rel=\"noopener\">\u266c News, documentary program style(1079935) &#8211; Music by<\/a> <\/section>\n<\/blockquote>\n<p> <script async src=\"https:\/\/www.tiktok.com\/embed.js\"><\/script><br \/>\n<\/p>\n<p>Tap Video and \ud83d\udd08 To Unmute<\/p>\n<p><a href=\"https:\/\/www.tiktok.com\/@mothershipsg\/video\/7608880239086718215\" target=\"_blank\" rel=\"noopener\">Tiktok <\/a> Credits <a href=\"https:\/\/www.tiktok.com\/@mothershipsg\" target=\"_blank\" rel=\"noopener\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>@mothershipsg Since its 2023 founding, Tipsy Unicorn has faced other controversies involving Tipsy Bird\u2019s sole shareholder, Tipsy Collective. In 2024, investors sued the hospitality group&#8230;<\/p>\n","protected":false},"author":1,"featured_media":31070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[16437,10985,12025,1024,16435,16436],"class_list":["post-31068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-controversi","tag-faced","tag-founding","tag-mothershipsg","tag-tipsy","tag-unicorn","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/31068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31068"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/31068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/31070"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}