Ethnic apparel startup Craftsvilla fires over 100 employees
Mumbai-headquartered ethnic apparel startup Craftsvilla has fired more than 100 employees, about 50 of which belonged to the engineering team. Reportedly, the entire product and design team has been asked to leave. Founded in 2011 and backed by investors like Sequoia Capital, Lightspeed Venture Partners and Nexus Venture Partners, Craftsvilla has raised more than $50 million to date.