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

- 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/)