There were rumors that IndiaPlaza, an e-commerce marketplace, and one of the oldest e-commerce ventures in India, was laying off people. K Vaitheeswaran, Founder and CEO of IndiaPlaza, denied that the company is laying off people, but said that they've frozen hiring, and people are leaving on their own accord. The company is currently looking to raise funds, and Vaitheeswaran tells us what investors are saying about funding e-commerce in India right now. Excerpts from our conversation: MediaNama: We've heard that you're laying off people... Vaitheeswaran: We've not asked people to leave, but people realize that follow on capital is challenge right now. We haven't called people and asked them to leave. We're raising funds and right now, fund raising for e-commerce companies is a challenging task. MediaNama: How much funding are you looking for? Vaitheeswaran: We're looking for funding in…
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