BNPL Startup Simpl Lays Off 80 Employees After RBI Whiplash

In the wake of RBI clampdown, buy now pay later (BNPL) startup Simpl has laid off around 80 employees

Simpl’s founder and CEO Nitya Sharma told Inc42 that the startup had to undertake the restructuring activity to conserve its capital moving forward

The layoffs come days after the apex bank told the BNPL startup to stop all payment operations as it was operating without regulatory licences

In the wake of RBI clampdown, buy now pay later (BNPL) startup Simpl has laid off around 80 employees. While the layoffs…