Cash-strapped Red.Health struggles to clear Jan salaries

Red Health, an ambulance aggregator backed by Kalaari Capital, has paid its employees only half their January salaries with no word on when the remainder would be disbursed, as the Hyderabad-based startup struggles with cash crunch, according to people aware of the matter.

- Samiksha Goel

An employee said on condition of anonymity that the company has disbursed 50% of the salary to paramedics and employees on 9 February, but is yet to communicate when the remaining salaries will be credited.

While the December salary was delayed by two days and was distributed on 3 January, the management had sent a communication via email about the delay in an effort to reassure the employees.

However, this time there has been no communication from the company, added.

"All the communications are happening over calls, and HR is saying that things aren't good right now and the company is waiting for funding," employee cited above said.