Health benefits startup Ekincare has raised $15 million in its Series B round led by HealthQuad and Sabre Partners along with participation from existing investors such as Ventureast, Eight Roads Ventures, Siana Capital and Endiya Partners.
The Hyderabad-based startup intends to use the fresh capital to accelerate growth and deliver simplified health benefits and insurance experience to employers.
Founded in 2014 by Kiran Kalakuntla and Srikanth Samudrala, Ekincare is a personalized, full-stack customizable health benefits platform that helps employers design a health benefits package that best suits the needs of employees and their families.
The platform is built to help employers design a health benefits package that best suits the needs of their employees and their families. The company currently serves around 1.5 million employees across 410 companies.
The startup’s customer base includes S&P Global, Target, ThyssenKrupp, Allstate, as well as fast-growing startups like Airbnb, XpressBees, Nykaa and Flipkart.