Six years ago, the company had set out to simplify chronic disease management. It ended up with fudged sales numbers, fake users and disgruntled employees.
In April, after months of exasperation, around 20 former employees of health-tech startup PhableCare filed a plea before the deputy labour commissioner, Bengaluru, about unpaid salaries, other dues and exit documents.
In response, the company wrote a letter saying it had decided to suspend its business with effect from 31 December 2022, citing “unforeseen situations, pandemic, depletion in the revenue and cash flow in the company and coupled with recession in fundraise for startups since March 2022 in India”. The Morning Context has seen copies of both the petition and PhableCare’s letter.
The company’s response came as a shock to …
Samiksha covered all things startups at The Morning Context. She joined us from The New Indian Express, where she wrote stories on the retail and food sectors. Prior to that, she had covered startups and written various business features in the Deccan Herald.
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samiksha@mailtmc.com
Bengaluru