AskMe, India based online commerce platform has officially shut its operations and all the employees have been laid off. There is no official announcement yet, however, close sources to the development and employees of the company have confirmed that the employees have been asked not to come to the office anymore.
The whole buzz around AskMe has been making rounds on the media since a bit of time, specially, when the reports came out stating dues worth $15 million in terms of vendor payments and employees salaries pending since the start of this year.
GetIt infomedia, the parent company which runs askme.com has stated its inability to clear payment. The reason being, Astro Holdings, the investing firm holding 98.5% of the stake in AskMe, has decided not to invest any further or participate in future rounds.
Differences between the opinions of Astro Holdings and other share holders of the company came into the news when the majority stake holder refused to participate in the board meetings. GetIt infomedia had publicly asked Astro Holdings to clear the payments, however, no further statement or funds were released by the company.
We tried reaching out to the CEO of the company, however, he seems to be out of the country at the moment and no official word on the same is expected anytime soon.
We will keep you updated with any further development which comes to us. Stay tuned.