Login

News on Medial

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

Inc42Inc42 · 5m
Inside The Upheaval At ReshaMandi: A Questionable ‘2nd Innings’ After A $40 Mn Collapse

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.

5
View Source

Comments

More Like this

IndiGo to commence flights from Delhi Airport’s Terminal 1 from September 2 onwards | Mint

IndiGo to commence flights from Delhi Airport’s Terminal 1 from September 2 onwards | Mint

ReshaMandi lays off 80% of its workforce: Report

ReshaMandi lays off 80% of its workforce: Report

Terraform Labs files for bankruptcy protection in US

Terraform Labs files for bankruptcy protection in US

Sam Bankman-Fried gets 25 years in prison for fraud and money-laundering at FTX

Sam Bankman-Fried gets 25 years in prison for fraud and money-laundering at FTX

Exclusive: ReshaMandi faces complete layoffs, website shutdown, and auditor red flag

Exclusive: ReshaMandi faces complete layoffs, website shutdown, and auditor red flag

D-Day for Vedanta; Agarwal needs 67% ayes by day’s end

D-Day for Vedanta; Agarwal needs 67% ayes by day’s end

Toshiba to be delisted after 74 years, faces future with new owners

Toshiba to be delisted after 74 years, faces future with new owners

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors

Cybersecurity Startup WhizHack Raises $3 Mn At $100 Mn Valuation

Cybersecurity Startup WhizHack Raises $3 Mn At $100 Mn Valuation

Square CEO to step down after 9 yrs at firm, Dorsey to take over

Square CEO to step down after 9 yrs at firm, Dorsey to take over

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