Health care start-up shut shop after raising $25 million
The health-tech company raised $25 million in 2022. Now their operations are shut, website deactivated. They haven't paid their employees for over 3 months. They encouraged employees to resign and brought their count down from 2000 to 200. They even played a facade to showcase they were afloat by hiring people in Jan 2023, and moving to a larger office space. The employees allege the company had promised to clear the dues. This was backed by the Kalaari capital and others. What's happening with health tech?
TheOatmeal
Stealth
a year ago
Itna sab likh dia. Nam bhi bata dete bhai
Sooper42
Stealth
a year ago
Phablecare
Kafi charcha horahi hai bhai iske bare me
BingoMadAngles
Stealth
a year ago
Phable care ?
Sooper42
Stealth
a year ago
Yes
Sooper42
Stealth
a year ago
They did
Got real bad PR.
So, damage control for investors and the public.
Qwerty2398
Stealth
a year ago
Guess the founder was satisfied with 25 Mil...