Sequoia backed Aqgromalin lays off 30% workforce as investors back out

Sequoia Surge-backed animal husbandry and aquaculture startup Aqgromalin has laid off around 30% of its workforce, or 80 full-time employees, from its corporate offices. Aqgromalin had to let go of its employees as it was trying to raise a new round of funding, which didn’t materialise. Aqgromalin is also in talks with other firms for a merger, and also held talks with the country’s first D2C meat unicorn Licious for the same.