Sorry, 1,300 backers of Vinaya. The company sent a notice to its Indiegogo backers that it would not be delivering its promised Zenta health wrist wearable device, and also, you’re not getting a refund of the $270,000 you paid upfront, either (although you might see some sort of compensation later (doubtful)).
The company is dissolving and its executives “won” the bidding for the company’s assets.
So, phoenix-like, it may arise again to ask you for cash.
VC’s apparently lost about $3M.
BTW, as a backer you are a creditor, so you might want to talk to counsel.