4000 Employees Fired As AskMeBazaar Shuts Down

Founded as a classifieds and local search platform in 2010, AskMe shot off into an ecommerce marketplace AskMeBazaar by 2012. And to set itself apart from the Flipkarts and Snapdeals, it decided to cater to the small and medium term merchants on the platform. 4 years later however, as is the case with most other heavily-funded startups in India, investors are beginning to second- guess themselves and funding ran dry. Left in the lurch by its prominent investor, AskMe has needed to take a tough call and shut down operations altogether.