Does anybody know what's up at Classplus?
I remember reading here last time that they are about to go ‘belly up’ soon - their were multiple senior leadership exits.
Any news?
Classplus is falling apart. The CTO, CBO and VP-Business have resigned from the company amidst rumours around financial irregularities. Classplus now joins a long list of Indian startups caught amidst fraud/financial irregularities allegations. Classplus was last valued $600Mn in their last funding round and counts Tiger Global, Falcon Edge, Peak XV (formerly Sequoia India) as their investors.
I remember reading here last time that they are about to go ‘belly up’ soon - their were multiple senior leadership exits.
Any news?
Edtech startup Classplus unveils second Esop buyback, over 150 employees eligible
Silent Layoffs in Classplus
At its peak Classplus employed about 800 employees which is now down to about 300 but you'd never see this in news because they have been strategically laying off employees on high salaries one by one. Just...
It’s hard time for the community with these kind of asshole founders enjoying limelight with articles and media sitting quiet on this. They have fired almost everyone with their crooked and cruel strategy. Lame founders who micro manag...
I’m surprised why isn’t this a news? More than 500 people are fired with crooked strategies planned by founders. With out financial support.