ReshaMandi, a Bengaluru-based silk yarn startup, reportedly shut down, laying off all 500 employees after its auditor resigned amid reports of financial irregularities.
WayCool Foods, a Chennai-based startup, has laid off over 200 employees after failing to secure funds. Previously, it laid off over 300 employees in July last year and 70 in February.
Gavyam Gentech, an agri-tech firm based in Gujarat, was founded by Dipen Parmar and Tejas Vaghela, which aims to increase cattle breeding to boost milk production.