Khatabook Layoff: Digital Lending Platform Lays Off More Than 40 Employees To Cut Costs and Streamline Operations
People, who lost their jobs in the exercise, have been given standard severance packages, including three-months salary, among others, the report said, citing people aware of the matter.
New Delhi, September 5: Homegrown digital lending platform Khatabook, which has investors like top cricketer MS Dhoni and CRED슬롯사이트™s Kunal Shah, among many others, has reportedly laid off over 40 employees across departments to cut costs and streamline its operations. According to an Entrackr report, citing sources, the platform communicated job cuts to employees across sales, marketing and analytics and technology verticals in a town-hall meeting.
People, who lost their jobs in the exercise, have been given standard severance packages, including three-months salary, among others, the report said, citing people aware of the matter. Khatabook had shut down its e-commerce enablement product MyStore in November 2021. The platform has raised $187 million to date, including its Series C round of $100 million led by Tribe Capital and Moore Strategic.슬롯 머신 사이트 추천 It also has PeakXV and Better Capital as its investors, according to the report.슬롯 머신 사이트 추천Elon Musk To Sue Anti-Defamation League for Accusing Him and X of Being Antisemitic.
Ravish Naresh, co-founder and CEO of Khatabook, had said last year that the company was aiming to clock a loan book size of Rs 1,000 crore by October 2023.슬롯 머신 사이트 추천 According to Naresh, the company was likely to turn profitable in mid-2024. According to the company슬롯사이트™s website, it is 슬롯사이트œbuilding utility solutions for the nation슬롯사이트™s 6.3 crore-strong MSME sector슬롯사이트�.슬롯 머신 사이트 추천슬롯 머신 사이트 추천Yogi Adityanath X Followers Reach 26 Million, Uttar Pradesh CM슬롯사이트™s Popularity Next to PM Narendra Modi on Social Media.
슬롯사이트œOur first offering -- an Android App enabling businesses to digitally record the credit they extend to customers -- went viral and so far Khatabook has been downloaded over 5 crore+ times,슬롯사이트� it reads. Sriram Krishnan, general partner at the top VC firm Andreessen Horowitz (a16z) where he invests in early-stage consumer startups, is also one of the angel investors in Khatabook.
(The above story first appeared on LatestLY on Sep 05, 2023 10:54 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).