Layoffs · Enterprise Software & IT
Innovaccer lays off 245 employees globally
By Startup Enthusiast ·
- Date
- Company
- Innovaccer
- What it does
- Healthcare data SaaS platform
- Kind
- Layoffs
- Based in
- Bengaluru
- Founded
- 2014
- Sector
- Enterprise Software & IT
What they do
Innovaccer is a SaaS platform that connects healthcare data for large US hospitals
What happened
It laid off 245 employees (15% of its workforce) to realign business and increase efficiency
Why it matters
The company had previously cut about 100 jobs in September 2022, reflecting a broader trend of startups reducing staff after over-hiring
The details
- Innovaccer laid off 245 employees globally across departments.
- About 120 of the 245 layoffs were in India.
- The layoffs represent 15% of the company's workforce.
- Before the layoff, Innovaccer had about 1,500 employees.
- CEO Abhinav Shashank said the company is deprioritising distracting areas.
- The move is meant to realign business and increase efficiency.
- Innovaccer had previously laid off about 100 employees in September 2022.
The bigger picture
- The company says it has a strong financial position and a rock-solid balance sheet.
- This is part of a trend of new-age companies laying off staff after over-hiring in 2020-21.
- Innovaccer has raised over $425 million in total capital, most of which is still available.
About the business
- Innovaccer is a SaaS platform that ties healthcare data with systems for large US corporations and hospitals.
The deal
- Type
- layoff
Investors
- Tiger Global (existing)
Founders
- Abhinav Shashank, co-founder and CEO
- Kanav Hasija, co-founder
- Sandeep Gupta, co-founder
About Innovaccer
- Product
- healthcare data and analytics platform that helps hospitals, health systems and insurers unify clinical, financial and operational data
- Customers
- Hospitals, health systems, and health insurers that buy software to unify data and automate care workflows
- How it makes money
- Subscription software and platform services for healthcare organizations
- What sets it apart
- Best-in-KLAS recognition across multiple categories and a broad healthcare data platform
More on Innovaccer
- Innovaccer raises $275M in Series F funding13 August 2026 · Funding · $275M
- Innovaccer acquires CaduceusHealth for $66 million21 May 2026 · Acquisition · $66 Mn
- Innovaccer cuts 340 jobs in shift to AI-native operations15 May 2026 · Layoffs · $75 million
- Innovaccer completes Rs 600 crore ESOP buyback13 January 2026 · Milestone · Rs 600 crore (~$75 million)
- Lightspeed India exits Innovaccer stake in 202522 August 2025 · Stake sale
- Innovaccer raises $275M in Series F round9 January 2025 · Funding · $275M
- Innovaccer raises $150 million in Series E15 December 2021 · Funding · $150M
- Innovaccer raises $105m, becomes unicorn15 February 2021 · Funding · $105M