The healthcare financing startup has laid off at least 80 employees due to funding crunch and failure to generate revenue on a consistent basis, sources said
As per some sources, the number of laid-off employees could be as high as 50% of workforce
Kenko provides healthcare financing through its monthly subscription plans which cover expenses like medicines, doctor fees, lab tests, mental health and OPD hospital bill
Bengaluru-based healthcare financing startup Kenko Health has laid off at least 20% of its workforce (around 80 employees), more than a year after raising $12 Mn in its Series A funding round, Inc42 has learnt from sources close to the company.
However, it is not immediately clear if this is the actual tally of laid-off employees. Other sources indicate the number could be as high as 50% of the workforce. Overall, Kenko is said to have had over 400 employees before the layoffs.