SleepyTaco
SleepyTaco

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?

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ZestyDonut
ZestyDonut

Itna sab likh dia. Nam bhi bata dete bhai

SleepyTaco
SleepyTaco

Phablecare
Kafi charcha horahi hai bhai iske bare me

QuirkyBoba
QuirkyBoba
Porter21mo

Hi I thought they did layoff in Jan

QuirkyBoba
QuirkyBoba
Porter21mo

Many pms of pbc applied at porter.

SleepyTaco
SleepyTaco

They did Got real bad PR.
So, damage control for investors and the public.

FuzzyNoodle
FuzzyNoodle

Phable care ?

SleepyTaco
SleepyTaco

Yes

CosmicLlama
CosmicLlama

Guess the founder was satisfied with 25 Mil...

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