

ReshaMandi, a Bengaluru-based B2B marketplace for silk yarn products, faced financial challenges leading to 80% employee layoffs and pending salary payments. The company's downfall was attributed to rapid expansion post-funding, resulting in court cases and insolvency threats. Despite raising $70 million in funding, its recent attempt to raise $5 million failed, impacting its valuation.


ReshaMandi, a Bengaluru-based B2B marketplace for silk yarn products, faced financial challenges leading to 80% employee layoffs and pending salary payments. The company's downfall was attributed to rapid expansion post-funding, resulting in court cases and insolvency threats. Despite raising $70 million in funding, its recent attempt to raise $5 million failed, impacting its valuation.
•The company faced financial challenges post rapid expansion, leading to pending salary payments and court cases.
•Despite raising $70 million, ReshaMandi's recent $5 million funding attempt at a $25 million valuation was unsuccessful.
Need any assistance with your queries?
Our AI chatbot support is always available to provide answers to any questions but to begin with, here are some of our most asked questions
What were the main reasons behind ReshaMandi's financial struggles and employee layoffs?
How much funding did ReshaMandi raise and what were the outcomes of its recent funding attempt?
What is the focus of ReshaMandi's business, and what challenges did it encounter despite its previous success?







