1K Kirana 40% layoff 600 ppl

Just heard that 1K, an omnichannel grocery startup in gurgaon series B funded by info edge and alpha wave have laid off close to 60% employees and severance package is also not announced yet.

• 1K Kirana, a kirana tech startup backed by Info Edge, is on the brink of bankruptcy and is exploring a distress sale to stay afloat.
• The startup, which once had over 1,000 employees, has drastically reduced its workforce to just 30, ...

https://inc42.com/features/1k-kirana-bankruptcy-fire-sale-kirana-tech/