ekincare, a health benefits platform that helps companies administer benefits efficiently, optimize their healthcare spends, has raised USD 3.6M in a Series A funding round led by a new investor, with participation from existing investors including Venture East, Eight Roads and Touchstone equities. The latest round takes the total funding raised by ekincare to $5.6M. The company was founded by Kiran Kalakuntla and Srikanth Samudrala in 2014.
The funds will be used to strengthen ekincare’s technology platform, business development, marketing and expand its portfolio of offerings in the corporate health benefits market.
ekincare today caters to more than 200 companies including multiple Fortune 500 clients and managing 300,000+ employees health on their patent-pending platform. With ekincare, organizations can administer their health benefits efficiently, improve outcomes and reduce healthcare costs by up to 25%.
Competing with the likes of Welltok, CXA Group, VirginPulse, ekincare wants to be the health benefits platform of choice across South Asia in the near future.
“Healthcare services industry in India is broken and full of disconnected parts,” said Kiran Kalakuntla, CEO and Founder, ekincare. “Our patent pending technology recognizes patterns across disparate health data sets, discerning differences between consumer segments and behaviours to engage people better.”
On the platform, ekincare today offers preventive health services like telemedicine, e-pharmacy, health checks, vision and dental care, access to gyms, and other services for every individual, through a personalized journey on the platform.
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