Startup with ₹500 cr in funding lays off 60% staff
Anonymous social network Yik Yak, which has raised nearly ₹500 crore ($73.5 million) in funding since it was founded in 2013, has laid off 60% of its staff amid a downturn in growth prospects. The community, marketing, design, and product teams were said to be worst affected. Yik Yak was rivalled by California-based startup Secret, which has shut operations.