News Post

Inside The Upheaval At ReshaMandi: A Questionable ‘2nd Innings’ After A $40 Mn Collapse

Inc42

· 15d
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ReshaMandi, a startup that had initially raised millions from venture capitalists and launched several products, has faced challenges and ultimately had to wind down its operations. The company's founders and key personnel have since joined another startup called Genzr, effectively trying to recreate ReshaMandi under a new entity. Former employees have reported issues with delayed salaries and unresolved vendor payments. ReshaMandi claims to have faced challenges in collecting revenue from retailers and the overall funding climate. Despite the setbacks, ReshaMandi is now attempting to continue its operations within Genzr. However, the investors involved have not responded to inquiries about the situation.

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