Teachmint has offered a severance package of three months and health coverage to the laid-off employees and would would also expedite the vesting of ESOPs for the affected employees and the laid-off employees can apply for different roles within the organisation
BharatPe's last institutional round of funding happened in February which valued the company at $900 million.
As a compulsive investor, he is willing to talk to any startup founder and offer solutions using his own experience in a similar situation. Above all, as master of scaling up, he is keen to offer expertise, without any strings attached and minus an agenda
If the buyout succeeds, the plan is to turn PMC into a purely digital enterprise; will also help the company source cheap capital for lending