🇮🇳 Roundup: Meesho lets 150 employees go

Startups in India, including PhableCare, LimeChat, Glip, iTribe, Myraah, Frigate, and MyShubhLife, have raised US$33.3 million in disclosed funding today from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

Meesho lays off 150 employees amid restructuring

The ecommerce firm has let go of 150 employees, mostly city-level executives, under its grocery business.

However, as many as 400 employees could be affected by this downsizing, according to The Economic Times‘ sources.

The development follows Farmiso’s rebranding to Meesho Superstore, which will also integrate it into a single app.

Follow the rest of our India coverage here.