Insurtech startup Clinikk raises $3-M from MassMutual Ventures

Bengaluru-based insurtech startup Clinikk has raised USD 3 million in its Series A round from Massmutual Ventures. It will issue 2,746 Series A CCPS at INR 90,393 each. The company has been valued at around INR 255 crore (USD 31 million) post-allotment. Following the deal, MassMutual Ventures will hold a 17.68% stake. Founded in 2018 by Suraj Baliga and Bhavjot Kaur, Clinikk offers packages which include family health insurance coverage and unlimited OPD coverage at a monthly subscription. It has been working with businesses to make health plans available to their workforce and has partnered with Hero MotoCorp and Vodafone, Ola, Rapido, and Shadowfax among others. It's present in Bengaluru and Hyderabad and plans to expand to other cities.