Strange, they were doing well last I heard 6-7 months back (although I’d just heard from a friend then)

Analyst

Equity research

They aren't paying their employees .. from February people haven't got their salary.

Product Manager

Have been hearing lot of rumours around employees leaving and the company winding up. Does anyone here have any confirmation on it?

Is Melorra shutting down?

Is Melorra shutting down?- Grapevine

Welcome to Indian Startups's Private Community

Journos, are rumours about Classplus true?

Program Manager

Welcome to Office Gossip's Private Community

I heard about 2 weeks ago they were going to get shutdown or sold to some other company. Does anyone know what’s happening? I remember they had a decently sized tech team in Bangalore

Anyone know what’s happening with Lummo?

Product Designer

I heard motiveminds is firing sap consultant left, right and center. Company is saying there is no profit so re-structuring. Is it true

Software Developer

I've heard rumours that Dangal Games has shut down it's operations after the 28% GST, can anyone please confirm?

Growth Manager

Source is someone from Cisco. Can anyone else validate or reject this leak/rumour?

Cisco to lay off 8-10k next week?

Investor

Welcome to News Discussion's Private Community

- ReshaMandi has laid off its entire workforce and its website has been down for a week, coinciding with the resignation of its auditor.
- Sources indicate the company is struggling to pay liabilities and operational costs, including salaries, for several months.
- The auditor, Walker Chandiok & Co LLP, highlighted issues like revenue inflation and fake invoices before resigning last month.
- ReshaMandi owes Rs 14.16 lakh to the auditing firm and has appointed a new auditor, Suresh Kapoor & Associates, in late July.
- Despite raising over $50 million, including a $30 million Series A round, the company is facing financial difficulties and is focusing on collecting pending receivables. 

 Source: [Entrackr](https://entrackr.com/2024/08/exclusive-reshamandi-faces-complete-layoffs-website-shutdown-and-auditor-red-flag/)

ReshaMandi Faces Complete Layoffs, Website Shutdown, and Auditor Red Flag

Journalist

Unacademy is planning a mass layoff in February 2nd week. This one would be a large number of 600 folks

Layoff at Unacademy

Friend got laid off from MPL(Mobile Premier League) today.  They are firing in cabin. Don’t even give interviews to such companies

Layoffs at MPL

Software Engineer

I remember reading here last time that they are about to go ‘belly up’ soon - their were multiple senior leadership exits. 

Any news?

Does anybody know what's up at Classplus?

Heard that massive layoffs are happening and they are exiting the market altogether?

Any intel on it

Is Melorra shutting down?

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