Insurtech start-up HealthySure has raised $1.2 million ( ₹9 crore approx.) in a Pre-Collection A spherical led by Inflection Level Ventures. The spherical additionally noticed participation from We Founder Circle, Dexter Angels, Campus Fund, HEM Angels and few different non-public buyers. The funds might be used to additional gas its mission of providing modern and reasonably priced group well being insurance-led options to the Indian workforce and their households, in line with the corporate.
Based in April 2021 by IIM-B alumnus Anuj Parekh and ISB alumnus Sanil Basutkar, HealthySure is remodeling the insurtech trade with tech-enabled worker healthcare safety and administration options for Indian organizations. It’s already working with 70+ organizations and is overlaying 20,000+ individuals underneath its healthcare options. The beginning-up helps in simplifying medical health insurance for the employed Indians and make it extra reasonably priced and accessible.
Mitesh Shah, co-founder, Inflection Level Ventures says, “This present day, securing Medical insurance for every household is crucial because it helps to bear the massive value of future well being issues which at instances may be extraordinarily costly and unaffordable. Nonetheless, the penetration of voluntary medical health insurance in India is lower than 10% for numerous causes like issue in understanding the coverage, affordability, belief issue, accessibility and so forth. To deal with this downside, HealthySure has created a seamless platform to succeed in out to bigger plenty concentrating on SMEs whose majority workforce does not have an insurance coverage cowl. We consider it’s a big market alternative to be tapped and HealthySure is rightly positioned for it.”
HealthySure provides a singular product of Unified Well being Insurance coverage which lets staff take private insurance coverage cowl as excessive as Rs. 1 crore and all this, whereas saving important prices since a large portion is backed by the employers themselves. All that is managed via a seamless tech expertise for the organizations in addition to the staff. On the identical time HealthySure additionally provides a whole healthcare stack for organizations to handle their well being advantages, the corporate stated in a press launch.
Anuj Parekh, co-founder & CEO of HealthySure says, “The present fundraise will assist us spend money on the staff, know-how and operations. We’re not simply constructing a disruptive startup; we’re additionally trying to remodel the lives of tens of millions of Indian households with well being safety.
We see tech as core to reaching our imaginative and prescient and are investing closely to make our programs seamless and frictionless and hope to drive down medical health insurance prices additional.”
“We’re assured that we’ll unlock much more financial savings as we proceed to innovate additional. We finally need each Indian to be comprehensively coated via medical health insurance and remove monetary fear on the time of well being emergencies,” provides Anuj.
HealthySure with a 20-member staff is planning to scale as much as 50-member staff over the subsequent 6 months. The beginning-up additionally goals to cowl 150,000 people within the subsequent 12 months with complete well being safety and administration, as talked about within the press launch.
Supply: Live Mint