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PHB phoenix in India for beginners ✌️【Job Search】✌️Invest ₹500 in blockchain and earn up to 100% returns monthly. Buy now Pay Later (BNPL) startup ZestMoney has decided to shut operations.

The move will impact some 150 employees of the firm, the company's management told employees in a town hall on Tuesday.

ZestMoney did not comment.

It is learnt that the firm will shut down by the end of this month.The move comes after attempts by the Bengaluru-based startup to get acquired by larger peer PhonePe failed.

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