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This firm laid off greater than 50 p.c of its staff

Healthtech platform mFine has laid off greater than 50 p.c of its staff. Prime Enterprise Companions, one of many firm’s present traders, mentioned on Monday that mFine has laid off 50 p.c of its greater than 500 staff. The corporate says it will assist Mfine develop additional and proceed to ship high quality healthcare. Bengaluru-based startup mFine had raised over Rs 356 crore in Collection C funding in September final 12 months. mfine has laid off staff from operations, merchandise and advertising.

mFine has thus far raised $75 million in funding. Shripati Acharya, managing associate, Prime Ventures, advised IANS that as a consequence of extra adjustments within the macro state of affairs, restructuring and layoffs have turn out to be vital for firms. These selections are tough for any entrepreneur. With this layoff, Mfine has joined the checklist of firms which have determined to put off staff as a consequence of lack of funding. Vedantu, Byju’s White Hat Jr., Unacademy, Cars24 are a number of the platforms which have laid off staff just lately.