• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 17, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Askme.com Packs Up, Employees Laid Off

by Chinmay Bidkar
August 19, 2016
in News
Reading Time: 1 min read
0
Askme.com Packs Up, Employees Laid Off

No more sales! (Image- slideshare.net)

TwitterWhatsappLinkedin

 

You might also like

Zuckerberg Says Autonomy and Compute Power, Not Pay, Attracts Top AI Talent to Meta

Apple Reportedly Taps Samsung Display for First Foldable iPhone Screens

iPhone 17 Air May Feature Titanium Frame, Unlike the iPhone 17 Pro

No more sales! (Image- slideshare.net)
No more sales! (Image- slideshare.net)

19 August 2016, India :

The consumer internet search platform AskMe has shut down its operations, laying off remaining of its staff. The company is down and out, with no cash flow or funding to even make the salaries.

Recently, AskMe wrote a letter to the Ministry of Corporate Affairs and Registrar of Companies, asking them to ensure that Astro Holdings does not exit the country without meeting its liabilities and commitments.

Astro Holdings, which holds 98.5% stake in AskMe Group, refused to participate in the next round of funding and also didn’t do the MBO (management buy out), which was on the cards.

The company has been going through tough times recently with more than 650 employees who were in the annual salary bracket of Rs 2.5 lakh-INR 6 lakh resigning from the company. The shutdown now has left more than 4000 employees, vendors, and other creditors at AskMe and the investor, in a state of helplessness.

The Gurgaon-based company’s ecommerce website is still live at the moment although it is not accepting any new orders.People close to the development says the unplanned exit of its principal investor, Astro Holdings, have caused it.

Also read-
QUIKR RAISES RS 130 CR FROM BRAND CAPITAL
UBER’S FIRST SELF-DRIVING CAR TO DEBUT IN PITTSBURGH THIS MONTH

 

Tags: askmeAstro HoldingsLay offShut Down
Tweet54SendShare15
Previous Post

Quikr Raises Rs 130 Cr from Brand Capital

Next Post

DIPP Takes Over from Department of Finance to Set Credit Fund Norms

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Zuckerberg Says Autonomy and Compute Power, Not Pay, Attracts Top AI Talent to Meta

by Anochie Esther
July 17, 2025
0
Zuckerberg

Meta CEO Mark Zuckerberg has pushed back against swirling reports of extravagant compensation packages being the primary reason for top AI researchers joining the tech giant. In an...

Read more

Apple Reportedly Taps Samsung Display for First Foldable iPhone Screens

by Anochie Esther
July 17, 2025
0
Foldable iPhone

In a bold but calculated move, Apple is turning to Samsung Display Co. (SDC) the world’s leader in flexible screen technology to supply crease-free foldable displays for its...

Read more

iPhone 17 Air May Feature Titanium Frame, Unlike the iPhone 17 Pro

by Anochie Esther
July 17, 2025
0
iPhone 17 Air

Apple is once again poised to shake up the materials used in its flagship devices, with new reports suggesting that the upcoming iPhone 17 Air will sport a...

Read more
Next Post
DIPP Takes Over from Department of Finance to Set Credit Fund Norms

DIPP Takes Over from Department of Finance to Set Credit Fund Norms

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?