Had to layoff staff as we overestimated growth: Simpl CEO

Buy now, pay later startup Simpl's CEO Nitya Sharma said the startup had to take the "hard decision" of laying off staff as they overestimated the growth of e-commerce. There are no plans for further job cuts within Simpl and focus will be on performance, Sharma said. "We're not looking at profitability in next couple of years," he added.