Healthtech startup Kenko Health has raised $12 million as a part of its Series A round with Sequoia Capital India as lead investor. The round also saw participation from Beenext, Orios, 9Unicorns and Waveform as existing investors.
The startups said that funding will use to ramp up hiring, strengthen product development and acquire new customers.
Founded in 2019 by Aniruddha Sen and Dhiraj Goel, Kenko Health provides comprehensive plans focused on OPD expenses. Subscribers additionally receive IPD coverage as part of the membership benefits.
“The increasing number of first time health insurance buyers in the market states that people are looking for comprehensive health solutions and will not hesitate in buying it as long as it brings some real value and is well within their budget.” Aniruddha Sen, Co-founder, Kenko Health, said.
Healthtech startup Kenko is changing the old order of things by bringing in monthly healthcare plans that are economically priced to cover a wide range of expenses from doctor fees, medicine expenses, diagnostic tests .
“Managing health care expenses needs to be reimagined in India. Out of pocket settlement of healthcare expenses in India is as high as 62 per cent compared to 11 per cent in the US and 36 per cent in China. Kenko Health is at the forefront of this change by offering affordable all-inclusive healthcare subscription packages with a seamless tech-first claims process. We are excited to partner with Kenko Health in this journey”, Abhishek Mohan, Principal, Sequoia India, said.
Keeping customer experience at its core, founders Aniruddha Sen and Dhiraj Goel, set up Healthtech startup Kenko Health in 2019. The duo has exposure to insurance companies and systems in the west as well as Southeast Asia.