Cars24 lays off 600 employees, latest in a string of Indian startups to do so

Cars24 lays off 600 employees, latest in a string of Indian startups to do so

Photo: Reuters

SoftBank– and Alpha Wave Global-backed used car marketplace Cars24 has laid off nearly 600 employees, joining a host of growth- and late-stage startups that have recently let go of employees to conserve cash as fundings slow down amid volatile global markets.