{"id":27782,"date":"2017-09-13T18:01:39","date_gmt":"2017-09-13T12:31:39","guid":{"rendered":"http:\/\/officechai.com\/?p=27782"},"modified":"2017-09-14T13:05:53","modified_gmt":"2017-09-14T07:35:53","slug":"yepme-employees-take-company-court-say-havent-received-salaries-six-months","status":"publish","type":"post","link":"https:\/\/officechai.com\/startups\/yepme-employees-take-company-court-say-havent-received-salaries-six-months\/","title":{"rendered":"YepMe Employees Take Company To Court, Say Haven&#8217;t Received Salaries In Six Months"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\">If the previous few years were the golden period for e-commerce in India, 2017 is turning out to be just the opposite.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">After Snapdeal had <a style=\"color: #000000;\" href=\"http:\/\/officechai.com\/news\/snapdeal-now-asking-employees-leave-one-months-pay-80-staff-cut\/\" target=\"_blank\"><span style=\"color: #33cccc;\">fired<\/span> <\/a>more than 500 employees earlier this year, YepMe&#8217;s employees have now alleged they haven&#8217;t been paid for six months. These employees have moved to the courts to get the company to pay their salaries.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">These employees had sent a legal notice to the company on August 28, giving them 15 days&#8217; time to reimburse their salaries. However, Yepme has neither accepted the notice, nor replied to it, <a href=\"http:\/\/timesofindia.indiatimes.com\/companies\/employees-to-move-court-against-yepme-for-holding-back-6-months-salary\/articleshow\/60489876.cms?utm_source=twitter.com&amp;utm_medium=social&amp;utm_campaign=TOIDesktop\" target=\"_blank\"><span style=\"color: #33cccc;\">reports<\/span> <\/a>Times of India.\u00a0&#8220;It&#8217;s been almost a year since I&#8217;ve received\u00a0salary. In April, I told them to clear my dues so that I could resign, but they asked me to quit without the dues being cleared,&#8221; said\u00a0graphic\u00a0designer Manoj Sharma. The employees say that over 50 of them haven&#8217;t been paid.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Employees had earlier also approached the Labour Ministry in a bid to recover their salaries, and sent a formal complaint. Some employees had even taken to social media.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/LabourMinistry?ref_src=twsrc%5Etfw\">@LabourMinistry<\/a> my company is not giving salary ..Please assist.<br \/>Yepme .Com<\/p>\n<p>&mdash; Rohit Kumar (@rohit329) <a href=\"https:\/\/twitter.com\/rohit329\/status\/893507622929928192?ref_src=twsrc%5Etfw\">August 4, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">YepMe had been founded in 2011 by Sandeep Sharma, an IIM Bangalore alum, and Vivek Gaur and Anand Jadhav, who were from IIM Lucknow. Through the next five years, it would go on to raise over Rs. 500 crore through investors such as Helion Venture Partners and Malaysia&#8217;s sovereign wealth fund. In 2014, YepMe had even run an aggressive marketing campaign, featuring Shah Rukh Khan as their brand ambassador.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-large wp-image-27784\" src=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/09\/maxresdefault.jpg?resize=640%2C360\" alt=\"maxresdefault\" width=\"640\" height=\"360\" srcset=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/09\/maxresdefault.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/09\/maxresdefault.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/09\/maxresdefault.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/09\/maxresdefault.jpg?resize=500%2C281&amp;ssl=1 500w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/09\/maxresdefault.jpg?resize=600%2C338&amp;ssl=1 600w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/09\/maxresdefault.jpg?resize=71%2C40&amp;ssl=1 71w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/09\/maxresdefault.jpg?w=1280&amp;ssl=1 1280w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">The firm, though, consistently made heavy losses, ending up losing Rs. 184 crore in 2016. Earlier this year, there were <a href=\"http:\/\/techcircle.vccircle.com\/2017\/02\/21\/exclusive-yepme-looking-to-sack-up-to-90-staff\/\" target=\"_blank\"><span style=\"color: #33cccc;\">reports<\/span> <\/a>that it was facing a cash crunch, and was looking to fire 80% of its employees. In May, the company had raised Rs. 6.26 crore in a bridge round to stay afloat.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">That doesn&#8217;t seem to have proven to be enough, with many employees still waiting for their salaries. This is a scenario that&#8217;s repeatedly played out at\u00a0smaller Indian e-commerce firms over the couple of years. In August 2016, \u00a0AskMeBazaar had <a style=\"color: #000000;\" href=\"https:\/\/officechai.com\/news\/4000-employees-fired-as-askmebazaar-shuts-down\/#sthash.tzDk52ck.dpbs\" target=\"_blank\"><span style=\"color: #33cccc;\">fired<\/span> <\/a>4,000 employees and had seen its sellers protest at its office over unpaid dues. In December, Shilpa Shetty and Raj Kundra owned BestDeal TV had been <a style=\"color: #000000;\" href=\"http:\/\/officechai.com\/news\/raj-kundra-shilpa-shetty-owned-bestdealtv-hasnt-paid-dues-year-sellers-allege\/\" target=\"_blank\"><span style=\"color: #33cccc;\">taken<\/span> <\/a>to court\u00a0after sellers alleged that they hadn&#8217;t been paid.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If the previous few years were the golden period for e-commerce in India, 2017 is turning out to be just the opposite. After&#8230;<\/p>\n","protected":false},"author":1,"featured_media":27784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[202,254],"tags":[],"class_list":["post-27782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-startups"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>YepMe Employees Take Company To Court, Say Haven&#039;t Received Salaries In Six Months<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officechai.com\/startups\/yepme-employees-take-company-court-say-havent-received-salaries-six-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YepMe Employees Take Company To Court, Say Haven&#039;t Received Salaries In Six Months\" \/>\n<meta property=\"og:description\" content=\"If the previous few years were the golden period for e-commerce in India, 2017 is turning out to be just the opposite. 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