Employee Healthcare startup Onsurity raises $16 mn from Quona Capital, Nexus Venture Partners

 
BENGALURU, India - Aug. 5, 2021 - PRLog -- Onsurity, your trusted employee healthcare partner, recently acquired $16 million in funding from a group of well-known investment firms from all around the world. Quona Capital, along with existing investor Nexus Venture Partners, led the investment. Vivek Garipalli, the Founder and CEO of Clover Healthcare, Amrish Rau, the CEO of Pinelabs, and Sweta Rau, the Founder of White Ventures, were also present.

The news of funding is not only confirmation that the employee healthcare benefits system has to be redesigned and that what they are delivering is actually beneficial and unique, but it's also a step forward in elevating the employee healthcare experience. Thousands of organizations across sectors are feeling the impact that Onsurity is having in the broken employee benefits sector, despite the fact that the firm is just a year and a few months old.

Every company that has worked with Onsurity wants to improve its employees' health and well-being. Moreover, they have evolved into an employee-first brand with a high retention rate and a more profitable business growth chart.

The Origins Of India's Only Employee Healthcare Changemakers

Onsurity's journey began in 2020, with the goal of transforming the employee healthcare landscape. They intended to make it more comprehensive and accessible for both a three-person company and a three-thousand-person organization.

The idea for revolutionizing this sector arose from the realization that employees rarely utilized the benefits of corporate health. One of the reasons for this was the healthcare plans lack of comprehensiveness. While group health insurance provided coverage for medical expenses and, in some circumstances, term life insurance, it did not provide much in the way of preventive front.

After a year, Onsurity is indeed standing strong on the four key pillars that it was established on:

- Comprehensive employee healthcare
- Cost-effectiveness
- Top-of-the-line customer service
- Employee healthcare support based on technology

On the ground, they hope to use the latest $16 mn funding to supplement the investment in healthcare technology as they advance to the next phase of the value offering with the help of the investor network. They'll be stepping up their efforts to embrace technology in order to make employee healthcare more accessible and inclusive.

"The company provides monthly subscription plans to both full-time employees and also to contractors, interns and consultants. "Unlike existing solution providers, Onsurity is a true pioneer for unique health benefits solutions, making healthcare available to millions of SMEs who are traditionally underserved. We are thrilled to partner with team Onsurity," Quona Capital managing partner and co-founder Ganesh Rengaswamy said.

To know more, visit:
Onsurity: Funding, Growth Story, and The Future Outlook (https://blog.onsurity.com/raised-16-million-dollars-serie...)

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Industry:Health
Location:Bengaluru - Karnataka - India
Subject:Sponsorships
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