Thousands laid off as E-commerce site AskMe shuts down

askme

Indian startup e-commerce site providing consumer internet search platform AskMe has shut down and is in the process of laying off its 4000 staff. Cash crunch is the main reason behind the shutdown.

Though AskMe.com portal is still working but no orders are being accepted. AskMe had written to the Ministry of Corporate Affairs and Registrar of Companies to prevent Astro Holdings from leaving without meeting its liabilities and commitments, but it was all in vain.

The site was formed in 2010 and it launched its online shopping site called AskMeBazaar in 2012 with small and medium enterprises. AskMe is associated with around 12,000 merchants in 70 cities. It also offered next-day delivery. In recent times, around 650 employees had also resigned from AskMe.