India-based InsurTech platform Clinikk has secured $4m in its pre-Series A funding round
MassMutual Ventures served as the lead investor, with commitments also coming from Cred founder Kunal Shah, Cloudnine Hospitals co-founder Rohit M.A., Avaana Capital founder Anjali Bansal, Stanford Angels and others.
The round was also backed by Times Internet Group, EMVC, 500 Startups, WEH Ventures and First Principles.
Capital from the investment will be used to increase its footprint across India, enhance its product development and hire more staff.
Clinikk claims to be india’s first true managed care model, which integrates outpatient care and health insurance for 600 million people. Its package includes family health insurance coverage and unlimited OPD coverage delivered digitally.
Clinikk co-founder Dr.Suraj Baliga said, “Unfortunately, primary care is often neglected, and because of this, we see huge increases in out-of-pocket expenses. An integrated care model leads to significantly improved health outcomes and more sustainable health insurance pricing.
“We are already starting to see the benefits of the model play out at Clinikk. What differentiates us is that our care delivery is completely protocol based and quality controlled and is focussed on optimal health outcomes”.
Prior to the funding round, the company raise $2.4m in funding.
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