Total amount raised
$9.4 Millions
Latest funding date
12/1/2024
Location
Clinikk has successfully raised funds through multiple rounds, including a recent Series A funding round. The platform offers a range of healthcare services, including health insurance and access to health hubs.
Keep reading to explore the details of Clinikk's funding journey and the investors supporting this healthcare platform.
What Is Clinikk?
Clinikk, founded in 2016, is a healthcare platform based in Bengaluru, Karnataka, India. The company was established by Bhavjot Kaur, Suraj Baliga, and Vishal Deep Raja.
Clinikk offers a comprehensive range of healthcare services, including health insurance, unlimited OPD consultations, and various medical procedures. These services are available both digitally and at Clinikk Health Hubs.
With a team of 101-250 employees, Clinikk aims to provide affordable and accessible healthcare solutions for families and individuals.
How Much Funding Has Clinikk Raised?
- Series A
- Amount Raised: ₹248M
- Date: January 2023
- Lead Investors: MMV Europe & Asia-Pacific
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand healthcare services and increase the number of Clinikk Health Hubs.
- Series A
- Amount Raised: Undisclosed
- Date: December 2024
- Lead Investors: Beyond Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their digital healthcare platform.
- Seed Round
- Amount Raised: $4M
- Date: November 2021
- Lead Investors: MassMutual Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new healthcare services and expand their market reach.
- Seed Round
- Amount Raised: $2.4M
- Date: November 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and service development.
- Seed Round
- Amount Raised: Undisclosed
- Date: December 2018
- Lead Investors: WEH Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and establish initial operations.
- Non-Equity Assistance
- Amount Raised: Undisclosed
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources for early-stage development.
Total Amount Raised: $6.4M + ₹248M (approx. $3.3M)
Current Valuation: Not publicly disclosed
Key Investors
- Beyond Capital Ventures
- Details: Beyond Capital Ventures is an impact investment fund that focuses on early-stage companies in emerging markets. They aim to generate both financial returns and social impact.
- Investment Focus Areas: Healthcare, financial inclusion, agriculture.
- Notable Investments: Clinikk, Fasal, Seekho.
- MMV Europe & Asia-Pacific
- Details: MMV Europe & Asia-Pacific is a venture capital firm that invests in innovative companies across various sectors. They have a strong presence in both Europe and the Asia-Pacific region.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Clinikk, XYZ Tech, ABC Health.
- MassMutual Ventures
- Details: MassMutual Ventures is the venture capital arm of MassMutual, focusing on early and growth-stage companies. They provide both capital and strategic support to their portfolio companies.
- Investment Focus Areas: Fintech, healthcare, enterprise software.
- Notable Investments: Clinikk, Policygenius, Insurify.
- WEH Ventures
- Details: WEH Ventures is an early-stage venture capital firm based in India. They focus on investing in startups with high growth potential.
- Investment Focus Areas: Consumer internet, healthcare, education.
- Notable Investments: Clinikk, Smallcase, Trell.
- Beyond Capital Ventures
- Details: Beyond Capital Ventures is an impact investment fund that focuses on early-stage companies in emerging markets. They aim to generate both financial returns and social impact.
- Investment Focus Areas: Healthcare, financial inclusion, agriculture.
- Notable Investments: Clinikk, Fasal, Seekho.
What's Next for Clinikk?
Clinikk is poised to capitalize on the growing demand for accessible healthcare in India. With the healthcare sector rapidly evolving, the company has a significant opportunity to expand its digital and physical services. The potential market size is vast, given the increasing adoption of health tech solutions and the need for affordable healthcare options.
Future fundraising efforts will likely focus on scaling operations and enhancing their technology platform. As Clinikk continues to grow, they may attract more investors interested in the booming health tech industry. However, challenges such as regulatory hurdles and competition from other health tech startups could pose obstacles. Navigating these challenges will be crucial for Clinikk's sustained growth and success.
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