The home-grown health-tech startup, Dozee, had reportedly laid off around 40-50 employees as part of a restructuring effort last month. The move is said to be aimed at reducing financial losses, according to sources cited by Inc42.
The restructuring primarily impacted employees across various departments, including on-field and customer-success teams, as well as sales and marketing teams. Before the layoffs, the startup’s total workforce was estimated to be around 250-270 employees.
Employees affected by the layoffs were informed that the decision was unrelated to their individual performance and was instead a strategic move to mitigate the startup’s financial losses. Those impacted are expected to receive severance packages based on their notice periods.
However, Dozee has reportedly denied any reduction in the company’s workforce. Instead, the startup has reportedly emphasised that it had undertaken a reallocation of resources, which affected only a “very miniscule number” of employees. The spokesperson further clarified that the reported figures were inaccurate and explained that the reallocation of resources was part of the startup’s growth strategy, which involves a greater focus on HealthAI, clinical research and international business development.
Dozee, founded in 2015 by Mudit Dandwate and Gaurav Parchani, specialises in contactless patient monitoring. Its system allows healthcare workers to remotely track vital signs such as heart rate, respiration rate, blood pressure and temperature. Additionally, the startup offers an early warning system that alerts doctors to potential health issues.
Faced with challenges in growing its business within India, Dozee is now shifting its focus to international markets, particularly the US. The company has also expanded its presence to the UAE and Africa, aiming to position itself as a global leader in HealthAI through its innovations in AI-powered ballistocardiography, as reported by Inc42.
