Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Start-up disappears mysteriously; employees left unpaid
    News

    Start-up disappears mysteriously; employees left unpaid

    HRK News BureauBy HRK News BureauSeptember 7, 20232 Mins Read1839 Views
    Share LinkedIn Twitter Facebook
    DA Assam hike Diwali
    Share
    LinkedIn Twitter Facebook

    Phablecare, a Bengaluru-based health-tech startup, has mysteriously vanished, leaving hundreds of former employees unpaid and disgruntled. The company, which had secured a hefty $25 million in funding in March 2022, raised eyebrows when it suddenly deactivated its website and ceased all business activities last month, that is, August 2023.

    Founded in 2018, Phablecare initially boasted a workforce of around 2,000 employees but saw a drastic reduction in headcount being left with merely 200 employees in the months following its funding round. Although the company appeared to be on an upswing in January 2023, welcoming new recruits and relocating to a larger office space, it took an abrupt turn for the worse by urging all employees to resign within six weeks due to severe financial constraints. Former staff members have been struggling to receive compensation for their work spanning December 2022 to February 2023.

    A former employee stated that they hadn’t been for two and a half months of work. While the management did promise to settle what was owed to employees by May, none of their promises were kept. Salary delays had plagued the company since October 2022, and by January of this year, it became evident that financial troubles were mounting.

    In April, 20 employees lodged a complaint with the Karnataka Labour Department against the company’s founders, Sumit Sinha and Mukkesh Kumar Bansal. Despite multiple letters from the department urging settlement, the founders offered excuses and even claimed an impending acquisition that never materialised.

    Bansal’s response to employees’ emails in May offered little hope, as he admitted an inability to pay them and alleged some employees had misused their positions unethically. Former employees, however, refuted these allegations, placing blame on the founders, who have since gone incommunicado.

    Visiting both the old and new office spaces in HSR Layout, former employees found no traces of Phablecare or its founders. The Labour Department has endorsed the case and is advising employees to pursue legal action. The fate of Phablecare remains shrouded in uncertainty, leaving its former employees in a frustrating and challenging predicament.

    delayed Disappear Phablecare Salary
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    9 + two =

    Related Posts

    Central government employees likely to get pay hike under 8th Pay Commission

    May 20, 2025

    Bharti AXA Life to empower youth & women with ‘BIMA Bharti’ programme

    May 20, 2025

    Concerns mount over H-1B lottery as US tech sector faces continued layoffs

    May 20, 2025

    International students have no more job opps in the US, Canada, UK

    May 20, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    Three transformative HR roles of the future

    May 20, 2025

    How a German furniture giant in India is building tomorrow’s leaders from within

    May 19, 2025

    The quiet commute: How a digital detox is reshaping work-life balance

    May 16, 2025

    “Dark factories still a decade away from disrupting India’s employment market,” Sushil Baveja, CHRO, Jindal Stainless

    May 15, 2025
    Latest Post

    Central government employees likely to get pay hike under 8th Pay Commission

    News May 20, 2025

    A significant pay hike could be on the cards for Central government employees as discussions…

    Bharti AXA Life to empower youth & women with ‘BIMA Bharti’ programme

    News May 20, 2025

    Bharti AXA Life Insurance has introduced a new flagship apprenticeship initiative called BIMA BHARTI, aimed…

    Concerns mount over H-1B lottery as US tech sector faces continued layoffs

    News May 20, 2025

    The H-1B visa programme is once again under scrutiny following the US Citizenship and Immigration…

    By 2028 Deloitte will generate 500 tech jobs in Belfast

    Expansion May 20, 2025

    Deloitte, the professional services firm and a part of the Big 4, is establishing four…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.