Bengaluru-based ZestMoney has announced plans to lay off around 100 of its employees, or roughly 20% of its workforce, as part of its business continuity and survival plan. The move comes weeks after the company s acquisition deal with PhonePe fell through.
The deal between Walmart-backed PhonePe and Zest Money is off. The company s board and investors were made privy to the development over the last few days