Backend Engineer

Sales Manager

Engineering Manager

One more example of a start up scam. Looted money from investors with an absolutely rubbish business model. Founders made money, employees earned crazy salaries and there goes the business.

Brand Marketing Manager

Dealshare was a Fraud from Day 0. 3 out of 5 co-founders have left

Software Engineer

Ye morning context wale ne bhi toh micro fraud likha hai, not very surprised, but sad thing for employees.

Dealshare shuts its B2B business, laying off 130 employees

Corporate Strategist

Dealshare shuts its B2B business, laying off 130 employees- Grapevine

Welcome to Office Gossip's Private Community

Just found out that Dealshare isn’t doing great

Product Owner

Welcome to News Discussion's Private Community

- BeepKart, a used two-wheeler marketplace, has **laid off around 130 employees** in three rounds over the past five months.
- The Bengaluru-based startup also **closed six of its 11 stores** in Bengaluru and Chennai as part of a cost-cutting exercise.
- The layoffs and closures come amid a **funding crunch** and unsuccessful expansion efforts.
- BeepKart's attempts to increase margins by **raising prices** led to a loss of customers to competitors.
- The startup reported a **net loss of INR 28 Cr** on an operating revenue of INR 22 Cr in FY23.

Source: [Inc42](https://inc42.com/buzz/exclusive-beepkart-fires-130-employees-in-5-months-to-cut-costs-halves-store-count/)

BeepKart Lays Off 130 Employees, Shuts Half of Stores Amid Funding Crunch

Journalist

Shopflo laid off 28% of the team today - still don’t understand how this company exists and is hoping to make any money.

Having no idea what to do next, they’re desperate to travel to US now to try and capture market there - reminder that this is a market with Fast and Bolt, both massively funded, shut down completely 🤡

Shopflo layoffs

Investor

Layoff

Program Manager

This morning, ShareChat laid off twenty percent of it's entire staff. The laid off employees were locked out of their system and received the communication of their lay off in their personal email. This is the biggest layoff by ShareChat so far. Many of the features of the ShareChat and Moj app have been told to shut down and their entire team is fired. The employees are offered 45 days of severance pay, leave encashment, bonus and are allowed to keep their system with them.

20% layoff at ShareChat

Heard that they had 7 floors and now only one floor left. 1300+ peoole let go in 3 months

dealshare layoff 90% staff

Project Manager

Layoffs are happening at Sharechat starting today.
Each division is being asked to join a call and they are being announced.
First call with product org - around 50 folks were impacted

Layoffs at Sharechat.

They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this in last week of the year spoiling the new year plans of hundreds of folks!

Channel Sales

Meesho will be firing 251 employees this week. I have many batchmates in this org and have heard nothing but good about this company.

Sad to see this economy claiming another victim in the form of Meesho.

Whoa!!! Meesho also joins the lay-off season

Product Manager

Reason - the team wants to accelerate timeline to profitability 
To those affected really sorry this community is here for you!

🚨250 people laid off at Meesho

Investment Associate

Welcome to Indian Startups's Private Community

Hardly you find any startups where three founders have been fired by the investors. To all current and ex employees of Dealshare. Why do you think all the founders of the unicorn Dealshare were fired?  Was it because of some fraud or was it just performance based or was it because of dramatic change in direction by investors.

Dealshare founders

Operations Manager

Latest scam in the indus valley

Growth Manager

First, they had a layoff.
Lot of good people quit including great people
Then, they had a second lay off 
Some  great people in the leadership quit.
Middle management people are quitting every day.
Only engineers and other people who are not able to get jobs are remaining 
They shut down majority of US acquisitions
They are trying to sell some of them like Tynkr and Epic
Not able to raise funding till now even though trying since December 
Sales is down 90% 
New Inside Sales process is not working 
They are out of runway.

Byjus may shut down

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

Meesho started layoffs !!!!

Software Developer

https://www.businesstoday.in/entrepreneurship/news/story/startup-layoffs-sequoia-backed-smallcase-lays-off-4-employees-374171-2023-03-20

Smallcase layoff 4% (15 ppl)

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.

Scaler lays off 150 employees to reduce redundancy in roles: Report

Tech Lead

Edtech layoffs still continuing?

Teams were asked to strictly work from home for today because of plumbing work going on in the office. Roughly 300 people were laid off in a townhall hosted by the founders.

Scaler lays off 20-25% of their workforce

How will they tell people that their courses will help get a job in a product company now?

Dealshare shuts its B2B business, laying off 130 employees

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