DeHaat fires employees less than a year after raising $115 million

DeHaat has laid off 500 employees less than a year after securing $115 million in the largest funding round for an Indian agritech startup, Moneycontrol reported. Responding to the report, DeHaat CEO Shashank Kumar said that the number of employees affected is not in triple digits. "It was a corrective measure around performances and due to culture misfit," Kumar added.