Business supplies startup Tolexo to fire 300 employees
Noida-based business goods and supplies startup Tolexo is reportedly firing 85% of its workforce affecting nearly 300 employees. The move is part of the company’s plans to wind up its online business to launch a completely new offline initiative. An online retail platform for IndiaMART, Tolexo's losses widened to ₹72.9 crore in 2016 from ₹12.9 crore a year earlier.