Onsurity has raised around 45 million US dollars from Creaegis in a Series B funding round for its subscription-based employee healthcare system. Current investors like Nexus Venture Partners, Quona Capital, and International Finance Corporation have also participated in this round of fundraising.
For the SMEs in India, the company is planning to launch new product lines and digital offerings, and to enhance the technology capabilities of the company, it will provide a portion of its investment towards it and thus enabling the company to have 360-degree growth.
Onsurity was founded by Yogesh Agrawal and Kulin Shah in the year of 2020 and has clients like Jupiter Money, DBS Bank, Zepto, etc. to whom it provides Health Insurance Management Platform-related services. It has around 8000 companies as clients and is aiming to partner with 50K companies by 2026.
More Details:
Recipient: Onsurity
Grant Amount: $45 million
Grantor: Creaegis, Nexus Venture Partners, Quona Capital, and International Finance Corporation.
Purpose: New product launch and to enhance current capabilities to meet future requirements.
