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Jeff Bezos-backed startup Lummo considers sale or shutdown: Report
short by Bhawana Chaudhary / on Tuesday, 11 April, 2023
Jeff Bezos-backed SaaS startup Lummo is considering getting acquired or winding its operations, Moneycontrol reported. "They had about four pivots over the span of four years...Every year, they try something new, it doesn't stick, so they go ahead and scrap it," said a source. This comes about 10 months after the startup laid off nearly 60 employees in Bengaluru.
read more at Moneycontrol