Bengaluru based insurtech and healthtech startup, Clinikk has raised $4 million in pre-Series A round funding led by MassMutual Ventures in participation from groups of Angel Investors including Kunal Shah (Founder, Cred), Rohit M.A. (Co-founder & MD of Cloudnine Hospitals), Anjali Bansal (Founder, Avaana Capital), and from Stanford Angels. The round also included participation from […]
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Healthtech Startup Clinikk raises $4M led by MassMutual Ventures

Healthtech startup Clinikk raised $4 million in Pre Series A led by MassMutual Ventures where Kunal Shah (founder, Cred), Rohit M.A....

Healthtech startup Clinikk raised $4 million in Pre Series A led by MassMutual Ventures

Clinikk is building India’s first true managed care model.
The post MassMutual Ventures backs Clinikk appeared first on Coverager - Insurance news and insights.

MassMutual Ventures backs Clinikk

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Clinikk plans to use the fresh capital to consolidate its full-stack product offering and increase its footprint in Bengaluru and other cities. It will also invest in product development and hiring key team members. 0 CLAPS
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﻿Clinikk﻿, a Bengaluru-based insurtech and healthtech startup on Tuesday said it has raised $4 million in pre-series A round led by MassMutual Ventures, with participation from Kunal Shah (Founder, Cred), Rohit M.A. (Co-founder and MD of Cloudnine Hospitals), Anjali Bansal (Founder, Avaana Capital), Stanford Angels, and other prominent individual investors. Existing investors Times Internet Group, EMVC, 500 Startups’ Southeast Asia-focused 500 Southeast Asia, and WEH Ventures also joined the round. Clinikk had raised $2.4 million in seed capital prior to this fundraise, bringing its total funding to $6.4 million. According to the press statement, with the fresh capital, Clinikk plans to consolidate its full-stack product offering and increase its footprint in Bengaluru and other cities. It will also invest in product development and hiring key team members. Dr.Suraj Baliga, Co-founder of Clinikk and an orthopedic surgeon stated,
“Unfortunately, primary care is often neglected, and because of this, we see huge increases in out-of-pocket expenses. An integrated care model leads to significantly improved health outcomes and more sustainable health insurance pricing. We are already starting to see the benefits of the model play out at Clinikk." ALSO READ
"What differentiates us is that our care delivery is completely protocol based and quality controlled and is focussed on optimal health outcomes," he added. Clinikk is building India’s first true managed care model by closely integrating outpatient care and health insurance for 600 million Indians. The company’s comprehensive package includes family health insurance coverage and unlimited OPD coverage delivered digitally and through state of the art care centres - all at an affordable monthly subscription. "We have been following Clinikk for some time and firmly believe in the integrated model. There is a huge opportunity to improve access to, and quality of, outpatient care within India. Clinikk’s growth has been very impressive so far, and Bhavjot and Suraj are a great founding team with complementary skill sets,” added Ryan Collins, Managing Director at MassMutual Ventures. Bhavjot Kaur, Co-Founder of Clinikk said, “Lack of penetration of health insurance is not as much a distribution problem as it is a product problem. At the current price point and product construct, health insurance remains at best a prepaid hospitalization cover. We have perfected our care delivery model where the incentives of all stakeholders involved are aligned." The startup claims to have seen massive growth in retail with more than 10,000 families subscribed to the full stack plan, growing 30 percent month on month. It aims to add 20 million subscribers in the top 50 Indian cities by 2025, the company stated. Stay Updated

[Funding alert] Healthtech startup Clinikk raises $4 M in pre-Series A led by MassMutual Ventures

November 16, 2021
Clinikk, an insurtech and healthtech startup, has raised $4 million in pre-series A funding led by MassMutual Ventures, with participation from Kunal Shah (Founder, Cred), Rohit M.A. (Co-founder and MD of Cloudnine Hospitals), Anjali Bansal (Founder, Avaana Capital), Stanford Angels, and other prominent individual investors. Existing investors Times Internet Group, EMVC, 500 Startups’ Southeast Asia-focused 500 Southeast Asia, and WEH Ventures also joined the round. Clinikk had raised $2.4 million in seed capital prior to this fundraise, bringing their total raised to $6.4 million. Clinikk is building India’s first true managed care model by closely integrating outpatient care and health insurance for 600 million Indians. The company’s comprehensive package includes family health insurance coverage and unlimited OPD coverage delivered digitally and through state of the art care centres – all at an affordable monthly subscription, the statement said. “Unfortunately, primary care is often neglected, and because of this, we see huge increases in out-of-pocket expenses. An integrated care model leads to significantly improved health outcomes and more sustainable health insurance pricing. We are already starting to see the benefits of the model play out at Clinikk. What differentiates us is that our care delivery is completely protocol based and quality controlled and is focussed on optimal health outcomes” commented, Dr. Suraj Baliga, co-founder of Clinikk and an orthopedic surgeon. With this fundraise, Clinikk will consolidate its full-stack product offering and increase its footprint in Bengaluru and other cities. It will also invest in product development and hiring key team members, the statement said. “We have been following Clinikk for some time and firmly believe in the integrated model. There is a huge opportunity to improve access to, and quality of, outpatient care within India. Clinikk’s growth has been very impressive so far, and Bhavjot and Suraj are a great founding team with complementary skill sets,” notes Ryan Collins, Managing Director at MassMutual Ventures. Bhavjot Kaur, Co-founder of Clinikk said “Lack of penetration of health insurance is not as much a distribution problem as it is a product problem. At the current price point and product construct, health insurance remains at best a prepaid hospitalization cover. We have perfected our care delivery model where the incentives of all stakeholders involved are aligned. Over the next three months, our subscribers will be able to reach a qualified doctor digitally or walk into their nearest Clinikk network care centre in 10 minutes. The entire care — be it primary or secondary or tertiary — will be completely cashless, and that’s a massive transformation of the Indian healthcare system.”
Ashish Nain

Bengaluru-based healthtech startup Clinikk raises $4 mn funding led by MassMutual Ventures

MCaffeine is an online retailer of personal care products like shampoo, face-wash, shower-gels etc, infused with caffeine and ginseng, among other products.

MCaffeine

mCaffeine , India 's fastest growing caffeine infused personal care brand has partnered with Clinikk , the healthcare startup to provide free medical facilities for the employees and their families in this current 21 days lockdown due to COVID-19 pandemic .

mCaffeine Partners with Clinikk to Provide free medical facilities for the Employees and their Families in the Current COVID-19 Pandemic

Manipal Hospitals

Shell

Shell Oil Company

Oil India

Clinikk aims to safeguard families' interests and help them navigate the healthcare maze. It provides a single point of contact for any healthcare need.

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Clinikk Management Team

2 Team Members

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Name	Work History	Title	Status
Suraj Baliga	Manipal Hospitals	Founder	Current
Bhavjot Kaur	Shell, Shell Oil Company, Shell, and Oil India	Founder	Current

Name	Suraj Baliga	Bhavjot Kaur
Work History	Manipal Hospitals	Shell, Shell Oil Company, Shell, and Oil India
Title	Founder	Founder
Status	Current	Current