New Delhi: Health-tech startup Pristyn Care said on Thursday it had laid off 45 employees from its current workforce of 2,000, across all functions.
The layoffs are part of a regular process that was triggered after a comprehensive performance review to track the efficiency of employees, he said.
“In the last four months, we have hired more than 300 employees across the board and therefore there have been no layoffs,” a spokesperson said. The Sequoia Capital-backed unicorn was responding to media reports that he had laid off 350 employees.
The Gurugram-based firm, founded in 2018, treats its patients with minimally invasive medical and surgical interventions.
The company said it had retained all of its employees despite a slump in business over the year. COVID-19 pandemicafter which he pivoted and found a new source of income.
Pristyn Care competes with Glamyo Health, Ayu Health, Medfin, MediBuddy, Practo and PharmEasy backed by Anicut Capital.
̌Citing increased demand online health care services, Pristyn Care in June 2022 had acquired Lybrate to enter the online consultation business. Surgery care is part of the secondary care of health care.
“Our business was down 70 percent. We had 300 people in the company and we didn’t want to fire them. We had to pay salaries. We were a young company. We found a need in the market. Everyone needed disinfectants and masks. Amazon and Flipkart were unable to deliver at the time. So, we started selling sanitizers and masks. It gave us the opportunity to avoid letting anyone go”, founder and CEO harsimarbir singh he had said late last year.
Founded by Singh and Vaibhav Kapoor and Garima Sawhney, MD, ̌Pristyn Care had a staff of 1,100 employees as of September 2022. In December 2021, Pristyn Care raised $96 million in Series E funding, more than doubling its valuation to $1,400 millions.
Other well-funded players in the larger B2C health tech space that have laid off employees in the past year include MFine, MediBuddy and HealthifyMe.
