BeepKart Lays Off Over 100 Employees Post-Fundraise
- BeepKart, a Bengaluru-based used two-wheeler retailer, has laid off over 100 employees in recent months, sources told Entrackr. - The layoffs, affecting more than 20% of the workforce, occurred in phases starting after the April fundraise, impacting roles across marketing, tech, product, and operations. - A source indicated that the layoffs, which included senior roles, were unexpected and likely aimed at focusing on profitability. - Founded in 2020, BeepKart operates in Bengaluru and Chennai, and has raised around $18.5 million to date, with a current valuation of approximately $44 million. - Despite the layoffs, BeepKart reported Rs 21.86 crore revenue for FY23, though it also posted losses of Rs 27.88 crore for the same period. Source: [Entrackr](https://entrackr.com/2024/08/exclusive-beepkart-lays-off-more-than-100-employees/)
BiryaniEnthu
Stealth
a month ago
Discover More
Curated from across
Indian Startups on
by Shravanmeena
Pillow Fund
Scaler lays off 150 employees to reduce redundancy in roles: Report
Bengaluru-based edtech startup Scaler has laid off around 150 employees, or around 10% of its workforce. Here is source
Scaler layoffs: As per the company, it currently has a workforce of around 1,500 employees.
https://www.hindustantimes.com/business/scaler-lays-off-150-employees-to-reduce-redundancy-in-roles-report-101712740957366.html