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Lendingkart lays off 30% of its workforce, as covid-19 impacts biz

covid-19 outbreak economy
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The company had earlier raised ₹233 crores as a part of its Series D1 round, and closed the round with fresh investments of ₹86.24 crores, this week Fintech digital lender Lendingkart has laid off 30% of its workforce, as business volumes of digital lending firms continue to be impacted, due to the covid-19 induced lockdown.

This move is expected to impact more than 200 employees of Lendingkart, which has a total workforce of 675 staff members. “The outbreak of covid-19 and the resultant slowdown has had a tremendous impact on the economy.

This period has had a debilitating effect on the MSME sector where everything has come to a virtual standstill. NBFCs have been significantly impacted, with loan disbursements coming to a halt and

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