Indian Healthcare start-up, Clinikk has raised undisclosed funds in its Pre-Series A funding round from Emphasis Ventures, a financial technology Venture Capital Company.
The round also saw participation from existing investors – Times Internet, WEH Ventures, First Principles and 500 Startups’ 500 Durians fund. Angel investors including former product vice president at Google, Anjali Joshi also participated in the Pre-Series A funding round.
Founded in 2016, the healthtech startup provides healthcare and insurance tech services by integrating primary healthcare with insurance on its platform – both online and offline. The company provides a range of other services in its offline in-person care centres including family health insurance coverage, personal medical assistance and telemedicine consultations.
The startup has registered a growth of 40% quarter on quarter in its subscriber base and aims to add 3,00,000 new subscribers in the next three months of the year.
With a customer base of 500,000 people across India, the company claims that 95% of its subscribers use the platform as their first point of contact when it comes to health or insurance related issues.
The firm has also recently partnered with Ola and Rebel foods and in alignment with The state government of Goa, implemented a telemedicine hotline – telephone medicine service.
“The financial and health benefits of insurance have yet to reach mass adoption in India. For that to happen, entire systems need to be reimagined from the ground up, and that is exactly what Clinikk is doing through its innovations in pricing, delivery, payments, and digital distribution.” – said Melissa Frakman, founder, EMVC.
–AK
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