As per the last communication, DealShare laid off 130 more employees and shut down its B2B business, which accounted for 20 - 30 per cent of its total revenue. In an exclusive chat with ETRetail, DealShare co-founder Sourjyendu Medda shared that today its cash burn is significantly down to about 15 per cent of the peak. In July, he had told ET that the company’s monthly cash burn was down to USD 2 million from USD 11 million earlier.
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