A Bengaluru-based healthtech startup, Dozee has reportedly fired 20% of its workforce. According to a report by Inc42, the 9-year old startup has laid off around 50 employees in a restructuring exercise.
Dozee, which develops AI-powered non-contact medical devices, has been at the forefront of the health-tech revolution in India. However, the company has faced challenges in recent months, including the impact of the COVID-19 pandemic on its business.
The layoff has impacted employees from the on-field, sales marketing and the customer success teams. “As part of our growth strategy, we are reallocating resources with a greater focus on HealthAI, clinical research, and international business development. Reallocation of resources with evolving business needs is a natural part of the life cycle in the growth journey of any organisation. This has affected a very minuscule number of our total headcount,” a company spokesperson told Inc42.
Co-founded by Mudit Dandwate and Gaurav Parchani in 2015, Dozee’s technology enables remote, contactless monitoring of patient vitals like heart rate, respiration, blood pressure, and temperature. Its early warning system provides timely alerts to doctors, aiding in the detection of potential health deterioration.
As Dozee’s growth in India has slowed, the startup is now turning its attention to the US market, according to sources. “We have also expanded our footprints in the USA, UAE and Africa. With our path-breaking innovation in AI-powered ballistocardiography, we are well on our way to become a global leader in HealthAI,” added Dozee spokesperson in a statement given to Inc42.
Dozee, which develops AI-powered non-contact medical devices, has been at the forefront of the health-tech revolution in India. However, the company has faced challenges in recent months, including the impact of the COVID-19 pandemic on its business.
The layoff has impacted employees from the on-field, sales marketing and the customer success teams. “As part of our growth strategy, we are reallocating resources with a greater focus on HealthAI, clinical research, and international business development. Reallocation of resources with evolving business needs is a natural part of the life cycle in the growth journey of any organisation. This has affected a very minuscule number of our total headcount,” a company spokesperson told Inc42.
Co-founded by Mudit Dandwate and Gaurav Parchani in 2015, Dozee’s technology enables remote, contactless monitoring of patient vitals like heart rate, respiration, blood pressure, and temperature. Its early warning system provides timely alerts to doctors, aiding in the detection of potential health deterioration.
As Dozee’s growth in India has slowed, the startup is now turning its attention to the US market, according to sources. “We have also expanded our footprints in the USA, UAE and Africa. With our path-breaking innovation in AI-powered ballistocardiography, we are well on our way to become a global leader in HealthAI,” added Dozee spokesperson in a statement given to Inc42.