| Founded | 2012 |
|---|---|
| Closed | 2016 |
| Country | India |
| Sector | Marketplace |
| Collapse type | Silent Shutdown |
AskMe
"Malaysian-backed Indian classifieds giant raised $300M, left 4,000 employees unpaid in August 2016, and became a cautionary tale about foreign capital misallocated into Indian ecommerce."
Quiet closure with no public announcement
Key Events Timeline
AskMe (operating through Getit Infoservices and its verticals AskMeBazaar, AskMeGrocery, and AskMeDeals) received over $300M from Malaysian media conglomerate Astro Group.
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