Sequoia Capital leads a $12 million Series A round of fundraising for Kenko Health

• BySheetal Sidhu     |    February 16, 2022

Kenko Health, an insurtech business, has secured $12 million in a Series A investment headed by Sequoia Capital India.

The investment round included existing investors Beenext, Orios, 9Unicorns, and Waveform. Beenext and Orios had previously invested $1.7 million in the firm as part of its pre-Series A financing.

Kenko, founded in 2019 by Aniruddha Sen and Dhiraj Goel, is a subscription-based business that covers OPD and hospitalization charges. Kenko covers doctor visits, pharmaceutical expenditures, diagnostic tests, and more as part of its OPD coverage. These were created for middle-income families in Tier II cities, where health insurance coverage is still scarce.

The fund will be used to attract clients, develop new products, and improve the startup’s talent pool, according to the company.

It has packages starting from Rs 299 per month for young individual to Rs 1,999 per month for four-person households. Large organizations, SMEs, individuals, and families can all benefit from its healthcare programs.

As part of the membership advantages, Kenko offers comprehensive OPD plans as well as IPD coverage from an insurance carrier. It takes a tech-first approach to filling in gaps in settlement of claims by guaranteeing that expenditures are paid in full, without deductions, and in advance, immediately before to hospital admission.

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