Healthtech startup Kenko Health has raised $12 million as a part of its Series A round led by Sequoia Capital India. The round also saw participation from Beenext, Orios, 9Unicorns and Waveform as existing investors.
The investment will primarily be used to acquire customers, develop new products and build a stellar team. Kenko will add categories such as dental, mental health, at-home care, sexual health and many others to its OPD coverage, Kenko said in a press release.
Founded in 2019 by Aniruddha Sen and Dhiraj Goel, Kenko Health provides a subscription-based service that covers health expenses across OPD and hospitalisation, in collaboration with insurance companies. As part of its OPD coverage, Kenko covers costs of doctor visits, medicine expenses, diagnostic tests, and more. It offers easy-to-use plans, ranging from a modest Rs 299 per month for young singles all the way up to Rs 1999 a month for families of four, with increasing benefits for each tier. It also offers healthcare plans for large businesses, SMEs, individuals, and families.
The Bengaluru-based startup claims that it has already reached over 50,000 users across India and is on its way to gaining the trust of 2.5 lac new users by the end of March 2022 by offering these services to its members in over 40 cities across India including Delhi, Mumbai, Bangalore, Hyderabad, Kolkata, Nagpur, Indore, Lucknow, Vijayawada, Kochi and Mangalore.