India’s CityMall cuts 191 jobs following $75 million fundraise in late March

Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversal in the markets.
The Gurugaon-headquartered startup, which has raised over $110 million and counts General Catalyst, Norwest Venture Partners and Jungle Ventures among its backers, said it is cutting the jobs to bring about “structural changes across functions at CityMall.”
The layoff impacts at least 30% of the three-year-old startup’s workforce, according to a LinkedIn analysis. CityMall works

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