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?
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. ...
HealthifyMe is the Startup. They are having other PR articles to cover this shit now
"Healthtech startup implodes, axes 3/4 of workforce after lavish Series-C funding round! Upper management rewards themselves with director-level promotions, while loyal employees are left in the lurch. In a ruthless move, the company off...
Company - Healthplix technologies Yes the news is real, I have a couple of freida there in sales, support, tech and...
Just saw that Phablecare went of the grid after raising $25 Mn in 2022 ... Does anyone know what happened
Happened at one of the startups in Indiranagar which is into halal personal care products. Recently raised funds upwards of $50m dollars. Huge number os sales team had been asked to go.
