Infosys co-founder Nandan Nilekani-backed e-commerce startup ShopX has shut down operations and filed for bankruptcy, according to the company’s regulatory filing.
This comes over a year after the company reportedly laid off nearly half its workforce while moving towards a digital model rather than a supply chain-led model. Founded in 2015 by Amit Sharma and Apoorva Jois, ShopX offered e-commerce solutions for retailers and brands, before it pivoted operations to e-commerce enablement and offered a SaaS platform for retailers to reach brands.
