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16.05 - 08:23
Covid-19 impact: Sequoia-backed travel startup Flynote lays off employees
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BENGALURU: City-based Flynote, a consumer-facing travel startup, has laid off most of its 130-strong staff citing lack of funds, according to two people aware of the development.
Flynote is one of the many consumer Internet startups in the travel space that has either laid off employees or furloughed salaries.
In 2019, Flynote had raised ₹14 crore from early stage venture capital fund India Quotient, and Sequoia Capital India's Surge accelerator programme.
The company recently laid off more than 90 employees without any advanced notice, said one person mentioned above, who is aware of the company's operations and asked not to be named. "Many vendors are yet to be paid and the firm has been running on thin staff and has already started
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