Ekincare, a health-tech platform, has raised $15 million in a Series B round led by HealthQuad and Sabre Partners, with participation from existing investors Ventureast, Eight Roads Ventures, Siana Capital, and Endiya Partners.
Ekincare is a personalised, full-stack customizable health-benefits platform that assists employers in designing a health benefits package that meets the needs of their employees and their families.
The startup intends to use the capital to accelerate growth and provide employers a more simplified health benefits and insurance experience.
It will use the cash infusion to introduce and test new products such as health financing, lasik surgery, and infertility treatment financing.
"We expect to grow by another 3x after this round," said Kiran Kalakuntla, co-founder of Ekincare.
“Our patented platform takes behavioural data into account and uses it to personalise an employee's health benefits journey, resulting in higher benefits adoption, employee engagement, and better health outcomes.”
Ekincare counts Fortune 500 companies such as S&P Global, Target, ThyssenKrupp, and Allstate, as well as fast-growing startups such as Airbnb, XpressBees, Nykaa, and Flipkart.