Startup Digest: ZestMoney and Akudo to shut shop, Elon Musk s AI firm files to raise up to $1 billion and more – CNBC TV18

Fintech startup ZestMoney to shut shop, layoff 150 employees Homegrown digital EMI financing platform ZestMoney, backed by Goldman Sachs, is shutting down operations after several unsuccessful attempts to find a buyer. The BNPL s leadership informed the employees in a townhall meeting about the decision to shut down, saying it will let go of the remaining 150 employees. The company will only retain a skeletal legal and finance team to see through the shutdown.