Zopper Layoffs
Industry Finance · Location Noida · India · Subscribe (RSS)
Zopper has 1 publicly reported layoff round on record (most recent April 17, 2025). A total of about 100 employees were affected across these rounds.
Layoff history
Noida-based insurance-tech startup Zopper let go of around 100 employees in early 2025, with the final wave of roughly 50 cuts hitting its tech and product teams in April. The dismissals unfolded in multiple rounds: about 20 tech and product staff were cut earlier in the year, followed by the complete elimination of its 40-member insurance team, and then the April reduction. Management communicated the rationale as cost reduction, with one source telling Inc42 that leadership 'said they are trying to cut costs.' The timing drew attention because the layoffs came just five months after Zopper raised $25 million in a Series D led by Elevation Capital. Revenue surged 170% to INR 438.7 crore in FY24, but the net loss also widened 144% to INR 115.2 crore, signaling pressure to narrow the gap. Affected employees received one month's salary as severance.
Reason: Cost reduction amid widening net losses
Source: inc42.com
Data for Zopper is compiled from public WARN Act filings and reporting linked above. See our methodology.