Kenko Health in rejig mode
Homegrown healthtech startup lays of 20% staff; It is also trying to raise Series B funding
New Delhi Homegrown healthtech startup Kenko Health has laid off 20 per cent of its employees across functions, a media report said.
According to Entrackr, citing sources, the company fired at least 50-60 employees, however, the number could be higher. It was also trying to raise Series B funding. In February last year, Kenko Health raised $12 million in a Series A round led by Peak XV Partners (formerly Sequoia Capital India).
Existing investors Beenext, Orios, 9Unicorns, and Waveform also participated in the round. According to the report, the startup has already fired these employees over the past few weeks.
Bengaluru-based Kenko Health offers a subscription-based service that covers health expenses across OPD and hospitalisation, in partnership with insurance companies.
It also provides healthcare plans for large corporations, small and medium-sized businesses, individuals, and families. Its monthly subscription plan ranges from Rs 175 to Rs 950.