https://layoffcheck.com/companies/zopper Layoff and WARN notices reported for Zopper. en-us https://layoffcheck.com/companies/zopper#2025-04 https://layoffcheck.com/companies/zopper#2025-04-382 Thu, 17 Apr 2025 12:00:00 GMT 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.