Info Edge-backed 1K Kirana fires 40% workforce amid funding crunch
Image Credit: money control
Gurugram-based Kirana tech startup 1K Kirana has fired 40% of its workforce as it restructures and closes operations in a few regions. Reportedly, the startup’s failed attempts to raise fresh funds have resulted in layoffs. Further, the startup was struggling to raise funds due to the increased focus on profitability and finances from the investors.