Phablecare is gone

Just saw that Phablecare went of the grid after raising $25 Mn in 2022 ... Does anyone know what happened

Founders and team missing, payments pending. Another one bites the dust after a seed round. Influencer tech is gg 😂 others like it will probably follow soon as well. Some of them invested in by Tanmay Bhat.

Zombie startups - Startups that have messed it up already. They are alive but just biting their time. Doom is inevitable for these startups in a few months I will name a few Sharechat Khatabook Apna Zepto Dealshare Frontrow Udaan Please name more. It will help our brothers and sisters to avoid these startups as employers

50% layoff at a Bangalore based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

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?

for me. i spent college studying for grades and 20s making money in a job I don't like, but never got to make the memories I should've with all my friends. I regret doing all of that

I was speaking to an ex-colleague and he mentioned how my previous employer, a lending startup, has been intentionally over-reporting disbursal numbers and under-reporting delinquencies in portfolio. They conveniently chuck the NBFC partners who dare to ask questions and instead catch new fish. During my time I saw sales staff committing rampant frauds and making money on the sides from users. The founders conveniently turned a blind eye till there was new business coming in. They've seemingly moved on to the next level now. The founders have top pedigree and already come from well off families. Makes me wonder how many such skeletons are buried across startups and what leads to such behaviour. Especially in the wake of what we saw with GoMechanic, Zilingo etc.