AskMe to shut down as investor Astro rejects buyout
Cash-strapped e-commerce startup AskMe is heading for a shutdown as its parent Astro Group has rejected the buyout proposal made by the startup's management. Astro has left it to the liquidator appointed by the court to find a potential buyer for AskMe. The startup in August had shut down its operations and fired all its 4000 employees and 1000 vendors.