Employee healthcare services firm Onsurity said on Wednesday that it has raised $16 million (about Rs 118.6 crore) in a funding round led by leading fintech investor Quona Capital. The Series A funding round also saw participation from Clover Healthcare founder and CEO Vivek Garipally and existing investor Nexus Venture Partners, the company said.
“Onsurity will use this investment to continue to grow its healthcare platform and offerings,” a company statement said.
The statement said, “Onsurity’s mission is to make high-quality employee health benefits and insurance more affordable and accessible to over 35 million SMBs and startups across India, which collectively reach over 15 crore people. give employment to.” Startup firm Onsurity provides mediclaim benefits, discount on medicines and group insurance services through its partners to the employees who subscribe to its plan.