FranklyMe shuts down its overall operations
Noida-based video micro-blogging platform FranklyMe has reportedly shut down its overall operations. The reason behind the shut down is speculated to be Matrix Partners-backed FranklyMe's inability to raise fresh funds from new investors. Founded in 2014 by  Nikunj Jain and Abhishek Gupta, FranklyMe has fired all employees and the founders are currently helping their employees to find new jobs.