Total amount raised
$9.4 Million
Latest funding date
12/1/2024
Location
Clinikk has successfully raised funding over six rounds, with the latest being a Series A round. The platform offers health insurance and primary healthcare services, backed by investors like Beyond Capital Ventures and Stanford Angels and Entrepreneurs India.
Keep reading to explore the intricacies of Clinikk's fundraising journey and the investors backing this innovative healthcare platform.
What Is Clinikk?
Clinikk is a healthcare platform based in Bengaluru, Karnataka, India. The company operates in the Health Care, Health Insurance, Insurance, InsurTech, and mHealth industries. It offers health insurance and primary healthcare services, including modern primary care available 24x7.
Founded by a team of dedicated professionals, Clinikk has grown to employ between 101-250 people. The company is private and has successfully raised funding through a Series A round. Clinikk's Health Hubs across Bengaluru provide comprehensive health insurance and primary care services with zero wait time.
How Much Funding Has Clinikk Raised?
- Seed Round
- Amount Raised: USD 2,400,000
- Date: November 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of their comprehensive health packages.
- Seed Round
- Amount Raised: USD 4,000,000
- Date: November 2021
- Lead Investors: MassMutual Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their health subscription plans and services.
- Series A Round
- Amount Raised: INR 248,000,000 (approximately USD 3,000,000)
- Date: January 2023
- Lead Investors: MMV Europe & Asia-Pacific
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding their health subscription plans and services to other cities.
- Series A Round
- Amount Raised: Not publicly disclosed
- Date: December 2024
- Lead Investors: Beyond Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale their operations and enhance their healthcare offerings.
Total Amount Raised: USD 9,400,000
Current Valuation: Not publicly disclosed
Key Investors
- Beyond Capital Ventures
- Details: Beyond Capital Ventures is a venture capital firm that led Clinikk's Series A round. The firm is represented by Eva Yazhari.
- Investment Focus Areas: Healthcare, technology, social impact
- Notable Investments: Clinikk
- MMV Europe & Asia-Pacific
- Details: MMV Europe & Asia-Pacific is a venture capital firm that participated in Clinikk's Series A round. The firm focuses on early and growth-stage investments.
- Investment Focus Areas: Financial technology, enterprise software, digital health
- Notable Investments: Not publicly disclosed
- MassMutual Ventures
- Details: MassMutual Ventures is a venture capital firm that led Clinikk's seed round. The firm invests in early and growth-stage companies.
- Investment Focus Areas: Financial technology, enterprise software, digital health
- Notable Investments: Policygenius, Socure, LinkSquares
- WEH Ventures
- Details: WEH Ventures is a venture capital firm that invested in Clinikk's seed round. The firm focuses on early-stage investments in India.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Not publicly disclosed
- Stanford Angels
- Details: Stanford Angels is a network of Stanford University alumni and faculty who invest in startups. They participated in Clinikk's funding rounds.
- Investment Focus Areas: Technology, innovation-driven startups
- Notable Investments: DoorDash, Branch Metrics, Carta
What's Next for Clinikk?
Clinikk is poised to capitalize on the burgeoning healthtech and insurtech markets in India. With plans to expand beyond Bengaluru and Hyderabad, the company aims to tap into the vast potential of tier 2, tier 3, and tier 4 cities. Their affordable subscription model, offering comprehensive health packages, positions them well to attract a large customer base, especially in urban areas.
Future fundraising opportunities are likely, with a Series B round on the horizon to support their expansion and enhance service offerings. Clinikk's growth trajectory could also attract more institutional investors and venture capitalists interested in the healthtech sector.
However, challenges such as regulatory hurdles and competition from other startups may pose obstacles. Ensuring consistent service quality as they scale operations will be crucial for sustained success. Despite these challenges, Clinikk's innovative approach and strategic plans make them a promising player in the industry.
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