Mfine

Phablecare Lays Off Employees, Delays Salaries Amidst Funding Troubles: Report

15/02/2023

Phablecare's financial troubles are said to be the result of high cash burn after its last funding round, which raised $25 million in March 2022 from investors such as Kalaari Capital, Aflac Ventures, SOSV, Omron Ventures and others

Artificial Intelligence-Backed Start-up 6sence Terminates 150 Employees Globally

19/10/2022

Since March 2020, 1.25 lakh employees have been laid off by around 718 start-ups globally