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Stealth • 6m

1K Kirana, a kirana tech startup, is facing potential bankruptcy and a distress sale after significant operational struggles. Founded in 2018, it expanded rapidly during the pandemic but has since downsized drastically, reducing its workforce from over 1,000 to about 30 employees. The company has halted supply chain operations and is in talks with ShopKirana for acquisition. Despite raising over $32 million, it failed to maintain profitability and is now burdened with unpaid vendor bills and employee salaries, reflecting broader challenges in the kirana tech sector

2 replies10 likes

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Alex

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What is the name of this Startup?

1 replies

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