The retail SaaS platform owned by Shiprocket, Omuni has done away with at least 60 employees as part of a restructuring plan. According to Inc42, the Bengaluru-based firm has let go 35 per cent of its workforce, including members from the sales, tech, talent-acquisition and product teams.
As a SaaS platform, Omuni facilitates brands in unifying stocks and managing their catalogues, orders, content, prices, logistics and data across their physical as well as digital stores.
It is reported that the firm will soon let go Mukul Bhatia, CEO and co-founder Omuni, and Sumeet Chandok, CTO, along with some other senior members of the workforce.
The company is now focusing on creating “a full-stack e-commerce enablement platform”, and therefore, is looking at more mergers, partnerships and acquisitions for the benefit of the merchants associated with it. This has necessitated the integration of certain teams across the group firms, resulting in effects on an organisation level.
Those being laid off will be given two months’ salary as severance. The firm is also determined to remain committed to its employee value proposition.
Founded about nine years ago, Omuni was acquired by Shiprocket from Arvind Internet in July 2022 in a deal worth Rs 200 crore. Shiprocket had acquired Omuni to ensure quicker and more efficient deliveries of shipments from the nearest store or warehouse. In 2022 itself, Shiprocket had also acquired a majority stake in Pickrr, a logistics tech startup in a $200 million deal.