ZestMoney Layoffs
December 2023
ZestMoney announced a layoff affecting 150 employees (100% of its workforce) in December 2023. The company operates in the Finance sector.
150
100%
Dec 5, 2023
About
ZestMoney, a Goldman Sachs-backed Indian buy now, pay later fintech startup once valued at $450 million, is shutting down and laying off its entire workforce of approximately 150 employees. The closure, announced to staff in early December 2023, follows unsuccessful efforts to find a buyer or secure a new path after acquisition talks with PhonePe collapsed earlier in the year. The company, which had raised over $130 million, will wind down operations by the end of the month. This marks a significant failure in the competitive Indian consumer lending space, where ZestMoney aimed to serve first-time internet users with small-ticket loans.
Related Events
More Finance Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl