Recognised as a rising star in January 2019, laid off ten months later. That is the story of a former Paytm* employee The Ken spoke with. His story has parallels with thousands of other startup foot soldiers across the country, who have all been laid off from fast-growing startups. Often, with little to no warning. 

The ex-Paytm employee joined the payments company’s Smart Retail team in October 2018 as an entry-level manager. He was part of a fledgling team of 80 people that sold point of sale machines to merchants, and was in charge of onboarding merchants.