Onsurity is an employee healthcare platform based in Karnataka, India. The startup has secured a fundraise of US$ 16 million in a Series B financing round led by Quona Capital and its previous backer Nexus Enterprise Companions, on August 6 2021. The founders capital club also partook in the funding round, which included the founding father of Indian fairness agency White Ventures Sweta Rau, CEO of Nasdaq-listed Clover Healthcare Vivek Garipalli and CEO of Indian service provider platform Pinelabs Amrish Rau.
Over 110 insurtech corporations working in India are primarily based on analysis by S&P International Market Intelligence, making it the second-largest insurtech market in the Asia-Pacific region, cornering over 35% of the $3.66 billion insurtech-centred venture investments.
Utilisation of funds
The company plans to invest in new healthcare technologies and strives to operate with more than 10 million employees and their families through SME partnerships over the upcoming few years. It claims to reach 10,000 customers from about 1,300 small enterprises by the end of 2021.
What the Team has to say
Founder and CEO of Onsurity, Yogesh Agarwal, mentioned, “We feel gratitude in the direction of our traders for persevering with their assistance. The truth that we’re one in every of India’s only a few corporations to have their clients flip into traders and one which has backing from notable institutional traders is proof in itself that we’re on the suitable route in the direction of bringing a reformative change within the worker healthcare house.”
Co-founder and COO of Onsurity, Kulin Sam, says, “We are grateful for the support from our investors and customers. Cheap and technologically convenient. Prosperity.”
About Onsurity
Kulin Shah and Yogesh Agarwal founded Onsurity in 2020; Onsurity is an employee healthcare platform that offers monthly healthcare membership with group health insurance to surfacing firms and has rendered its services to some notable companies in the nation. The membership includes
- Wellness benefits like discounts on medicines/health checkups
- Free doctor consultation
- Group health and term life insurance facilitated by the startup itself
The monthly membership can be extended to full time and temporary employees, freelancers, and consultants. With instant quotes and zero paperwork, the membership subscription takes less than 2 minutes.
In the latest press release, the year-old startup stated that it aims to provide “cheap and affordable” health benefits and insurance to over 35 million small firms and startups that employ more than 150 million people nationwide. To know more, check out https://www.onsurity.com/.
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