Kenko Health raises $12 Million in Series A funding

Bangalore-based medical technology startup Kenko Health has raised $12 million in its Series A round with Sequoia Capital India as a lead investor. This round also featured Beenext, Oreos, 9 Unicorns, and Waveform as existing investors. The startup provides a subscription-based service that covers health expanse across OPD and hospitalisation in collaboration with insurance companies. These have been designed for the middle-income households in Tier2 cities, especially the ones which are not covered under standard health insurance schemes. The capital raised will be used to acquire customers, develop new products and build a new stellar team. The startup will also add categories such as dental, mental health, at-home care, sexual health, and many others to its OPD coverage. The firm offers plans starting at Rs 299 per month for young singles all the way up to Rs 1,999 a month for families of four. Kenko Health was founded in 2019. It claims to have already reached over 50,000 users across India and is now aiming to cross 2.5 lakh, new users, by the end of March 2022, by offering these services to its members in more than 40 cities.