Unsurprisingly, this chaos negatively affected consumer sentiments. The Boston Consulting Group conducted 6 cClinikk 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.
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.”
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