Sezzle is closing its India operations from April 9 as part of a restructuring plan with its parent company. The firm has requested all its merchants to deactivate the service from their respective websites. “We will no longer be able to provide Sezzle services to you from the closure effective date,” it said in the notice. However, as part of providing after-services, Sezzle told its clients that it will continue to provide shopper support and merchant support until May 9.

In February, Australian BNPL firm Zip signed a final agreement to acquire Sezzle, valuing around $491 million. The deal is expected to close by the end of October. The move to shut its local business is surprising as Sezzle had ambitious plans for India. The company’s country head for India, Vandhan Parkavi, had said in November that it plans to add more merchants to its platform.

• Coal India, AMNS Sign MoU on Syn-Gas at Paradip Plant
• HAL Hits 52-Week High of Rs 5,055 on Strong Q1 Results
• MP Approves Rs 1,757 Crore Bhopal-Vidisha Road Project
• Nvidia Reportedly Developing 1 Trillion-Parameter AI Model
• West Coast Paper Hits 52-Week High on Strong Q1 Profit

Last month, Sezzle also declared that it would cut its North American workforce by 20 per cent. It would position the business for long-term growth while setting a path toward profitability and free cash flow. The company’s CEO, Charlie Youakim, had said after the workforce reduction, Sezzle will save around $10 million in annual run-rate costs like salaries and other benefits.