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Shiprocket-owned retail SaaS platform Omuni laid off nearly 35% of its staff

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Shiprocket-owned retail SaaS platform Omuni laid off nearly 35% of its staff

Shiprocket's retail SaaS platform Omuni, which the company acquired in 2021, has undergone a restructuring resulting in the layoff of about 60-70 employees, roughly 35% of its workforce. The restructuring primarily targeted tech, product, sales, and talent acquisition teams. Alongside the layoffs, senior management changes are occurring, including CEO and co-founder Mukul Bafna and CTO Sumeet Chandhok's departure. Shiprocket attributed the changes to its focus on building a comprehensive e-commerce enablement platform through partnerships, mergers, and acquisitions. Industry observers speculate on Shiprocket's IPO readiness and the impact of the ongoing restructuring on the company's financial dynamics.

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