VC Fund Investments
Employees health benefits platform Onsurity raises $16-M from Quona, Nexus, others
Onsurity, a Bengaluru-based employee health benefits platform, has raised USD 16 million in a Series A funding round led by Quona Capital and existing investors Nexus Venture Partners and Whiteboard Capital. Vivek Garipalli, founder and CEO of Clover Healthcare, also participated in the fundraising. The company will use the funds to build its healthcare platform and offerings. Founded last year by Yogesh Agarwal and Kulin Shah, Onsurity provides a self-serve platform where organisations can purchase flexible and customised health benefit subscriptions for their employees. The company is currently working with 1,300 small and medium-sized businesses and aims to reach 10,000 such companies over the next 12 months, covering 500,000 lives.
From the Venture Intelligence PE-VC Deal Database: In Mar-20, Onsurity raised over $2.5 M from Whiteboard Capital, Nexus Venture Partners and others.
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