UpScalio, an Indian e-commerce roll-up company, has laid off approximately 20% of its workforce, affecting around 60 employees. The layoffs, which occurred in early 2024, are part of a strategic restructuring aimed at improving profitability and operational efficiency. As a startup in the competitive e-commerce aggregation space, UpScalio is adjusting its team size to better align with current market conditions and business priorities.
