Buy now Pay Later (BNPL) startup ZestMoney has decided to shut operations. The move will impact some 150 employees of the firm, the company’s management told employees in a town hall on Tuesday. ZestMoney did not comment. It is learnt that the firm will shut down by the end of this month.The move comes after attempts by the Bengaluru-based startup to get acquired by larger peer PhonePe failed. The deal was called off earlier this year after a due diligence process undertaken by PhonePe.
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