The round also saw investment from Times Internet, the digital arm of the Times Group, which publishes this paper.
Founded in 2016, Clinikk had to reinvent itself after the first product failed to take off. Today, it offers primary care and comprehensive health insurance into one affordable subscription for the 600-million uninsured in the country.
As per the company release, it is growing subscribers by 40% each quarter, delivering positive primary healthcare outcomes and maintaining a strong insurance portfolio in India.
Clinikk’s full-stack package includes family health insurance coverage, unlimited telemedicine consultations, personal assistance and select offerings at Clinikk’s modular in-person primary care centers, all delivered in 10+ local Indian languages.
Witnessing the surge in healthcare and insurance awareness in the past few months, the company projects an addition of at least 300k new subscribers within the next 3 months.
“Our 360-degree insurance plus primary care product is really compelling for our target users: 95% of our subscribers use Clinikk as their first point of healthcare contact,” said Suraj Baliga, co-founder of Clinikk.
“The financial and health benefits of insurance have yet to reach mass adoption in India. For that to happen, entire systems need to be reimagined from the ground up, and that is exactly what Clinikk is doing,” said Melissa Frakman, Founder of Emphasis Ventures (EMVC).
Covid has given a shot in the arm for the telemedicine sector that has seen tremendous growth in the last few months. Bhavjot Kaur, co-founder of Clinikk sees the macro environment as an enormous catalyst and opportunity. “Covid has basically made a product like Clinikk top-of-mind for all consumers. We are not only able to provide the peace-of-mind of financial risk protection, but also significantly de-risk that insurance coverage and create an integrated healthcare experience with our primary care channels,” she said.
The company is also in the process of raising its Series A funding which will be closed in another three to four months.