The funds will be used to strengthen ekincare’s technology platform, business development, marketing, expand its portfolio of offerings in corporate health benefits market
Health benefits startup, ekincare has raised $3.6M in a Series A funding round led by a new investor, with participation from existing investors including Venture East, Eight Roads and Touchstone equities.
The latest round takes the total funding raised by ekincare to $5.6M. The funds will be used to strengthen ekincare’s technology platform, business development, marketing and expand its portfolio of offerings in the corporate health benefits market.
“Healthcare services industry in India is broken and full of disconnected parts,” said Kiran Kalakuntla, CEO and Founder, ekincare. “Our patent pending technology recognises patterns across disparate health data sets, discerning differences between consumer segments and behaviours to engage people better.”
“ekincare was instrumental in driving health benefits and engagement in a fun, enthusiastic way with more than 35 per cent of our employees participating in a company-wide contest,” said Tanushree Mishra, People Director, AB InBev.
“We have seen tremendous growth from our initial investment in ekincare, both in terms of patient-engagement, employers adoption as well as revenue growth. Hence through this round of investment we reinforce our commitment to support ekincare management team in their vision to build a world class healthcare platform,” said Srikanth Sundarajan, Partner, Ventureast.
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