Glamyo Health founders plan to flee, declare bankruptcy: Sacked employee

Healthtech platform Glamyo Health has laid off at least 160 employees, has not paid workers over the past several months, and is allegedly planning to file for bankruptcy soon, according to an FIR report filed by an affected employee here.

Filed at Barakhamba Police Station in the capital and confirmed to IANS by police officials, the complaint alleged that Glamyo founders Archit Garg and Preet Pal Thakur “expressed their intention” to leave India by June 4 after sacking all staff and terminating operations.

YourStory was the first to report the complaint against Glamyo Health.

The FIR, filed by the employee on behalf of 160 laid-off workers, alleged that they were fired without any prior notice or explanation regarding full and final settlements.

It alleged that Glamyo Health had delayed paying salaries “several times” over the past few months which also affected doctors on the payroll.

According to the complaint, the surgical care platform plans to file for bankruptcy soon.

He further stated that the startup earns more than Rs 5 crore in revenue every month, which the founders “exploit as personal gain”.

Glamyo Health has not yet commented on the complaint filed against them.

Meanwhile, the affected employees staged a protest at the healthtech startup’s New Delhi office on May 31 and June 1.

Backed by investors like Agility Ventures, Anicut Capital, and LetsVenture, Glamyo has raised more than $7 million in funding to date.

She aimed to raise as much as $6 million this year but was unsuccessful, according to reports.

The startup last raised $3 million in September 2021.

Glamyo Health partners with hospitals and clinics to offer elective surgeries and cosmetic procedures, and also hires physicians and medical coordinators.

– Jans


(Only the title and image for this report may have been reworked by the Business Standard team; the rest of the content is generated automatically from a shared feed.)