Login

News Post

Exclusive: BeepKart Fires 130 Employees In 5 Months To Cut Costs, Halves Store Count

Inc42Inc42 · 21d
Exclusive: BeepKart Fires 130 Employees In 5 Months To Cut Costs, Halves Store Count

1. BeepKart recently conducted three rounds of layoffs, resulting in the termination of approximately 60-70 employees last month. 2. The startup has been actively cutting costs and closed down six stores out of its total of 11 located in Bengaluru and Chennai within the past five months. 3. BeepKart offers a comprehensive platform for users to purchase and sell pre-owned motorcycles online, and counts Vertex Ventures and Stellaris Venture Partners among its backers. 4. The recent layoffs were part of the company's ongoing efforts to control expenses and streamline operations. 5. BeepKart's full-stack model enables a seamless experience for customers looking to buy or sell used two-wheelers. 6. The closure of six stores suggests a strategic shift towards focusing more on online sales rather than maintaining physical storefronts.

5
1
View Source

Comments

More Like this

Exclusive: BeepKart lays off more than 100 employees

Exclusive: BeepKart lays off more than 100 employees

D2C Startup Blissclub Fires About 18% Workforce To Cut Costs

D2C Startup Blissclub Fires About 18% Workforce To Cut Costs

Chingari fires up to 50% of workforce in second job cut round in two months

Chingari fires up to 50% of workforce in second job cut round in two months

DealShare deserts B2B biz, fires over 100 employees

DealShare deserts B2B biz, fires over 100 employees

Tech layoffs in January 2024: CEO fires the whole company over 2-minute call; Google, Microsoft, Amazon continue layoffs; job cuts at TikTok, Flipkart, Swiggy, and others

Tech layoffs in January 2024: CEO fires the whole company over 2-minute call; Google, Microsoft, Amazon continue layoffs; job cuts at TikTok, Flipkart, Swiggy, and others

Paypal fires 2500 and UPS fires 12000 employees

Paypal fires 2500 and UPS fires 12000 employees

Okta fires 400 people

Okta fires 400 people

ShareChat raises Rs 407 crore in debt months after reporting a loss of over Rs 4,000 crore: Report

ShareChat raises Rs 407 crore in debt months after reporting a loss of over Rs 4,000 crore: Report

Exclusive: Prosus-Backed Airmeet Undertakes Another Restructuring Exercise, Fires 80% Tech Team

Exclusive: Prosus-Backed Airmeet Undertakes Another Restructuring Exercise, Fires 80% Tech Team

Droom India’s FY23 loss halves to INR 62 Cr, sales dip 34%

Droom India’s FY23 loss halves to INR 62 Cr, sales dip 34%

Download the medial app to read full posts, comements and news.