Private Equity

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Insurtech startup Loop Health to raise $25-M

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Existing investors Elevation Capital and General Catalyst are in talks to co-lead a new round worth about USD 25 million in Pune-based health insurance distribution startup Loop Health. Some of the startup's existing backers including Khosla Ventures will also participate in this round. Loop Health provides group health insurance plans from prominent insurers to companies, ranging from startups to corporates. The Y Combinator-backed startup has raised close to USD 15 million since its inception in 2018. Six months ago, the startup had raised USD 12 million in Series A funding co-led by Elevation Capital and General Catalyst. Loop is also backed by angels including Amit Kumar Agarwal of Nobroker, Ramakant Sharma of Livspace, Vidit Aatrey and Sanjeev Barnwal of Meesho.