Fraud At Medikabazaar, Zopper Trims 100 Jobs & More

Zopper, Backed by Elevation Capital, Let Go 100 Employees

Since the beginning of 2025, the insurance-focused SaaS business Zopper has let go of about 100 workers; the most recent wave of layoffs occurred earlier this week. According to media sources, the startup's management said earlier this week that over fifty members of the product and engineering teams had been let go. According to a media outlet, the company simply stated that it is attempting to reduce expenses. The startup laid off about 20 mem…

Fraud At Medikabazaar, Zopper Trims 100 Jobs & More

Now, Financial Misconduct Hits Medikabazaar Just days after the Gensol saga got added to the Indian startups ecosystem’s wall of shame, Medikabazaar, which was pegged at $650 Mn just three years ago, has now ousted its founder, Vivek Tiwari, from the company’s board over allegations of serious financial misconduct. What’s The Matter? An investigation conducted by Uniqus India, Alvarez & Marsal, and Rashmikant & Partners has found Tiwari guilty o…