Exclusive : Matrix Funded Frankly.me Has Shutdown

Frankly.me, a Delhi-based video micro blogging platform that raised $600,000 in seed funding from Matrix partners in January last year has shutdown and laid off 30 employees from its Delhi office.

The company had earlier laid off 40 employees in Nov 2015.

The company couldn’t raise Series A and recently pivoted to Dubsmash sort of product, but with very little traction.