Raj Kundra CEO of Best Deal TV has resigned from his post. He submitted his resignation on 15th Dec., 2016. Kundra’s last day in the company was 15th Jan., 2017. After his resignation company has decided to suspend its operations due to demonetisation & the cash crunch in the market.
Best Deal TV, COO, Hari Trivedi said that the cash-on-delivery business was negligible because of which the company was finding it difficult to meet the internal expenses.
Kundra wrote in the resignation letter, "I would like to officially resign as CEO of Best Deal TV. All good things come to an end I guess. We nearly conquered the industry, so close yet so far. The demonetisation, whilst a bold and most needed step, unfortunately came at a very bad time for our industry and we have nothing but collateral damage.” Lots of vendors of the channel claimed that since January last year, the channel has not paid their dues running in crores.