Health benefits startup ekincare has raised $15 million in its Series B funding round led by HealthQuad and Sabre Partners, per a company announcement.
The funding round also saw the participation of existing investors Ventureast, Eight Roads Ventures, Siana Capital, and Endiya Partners, ekincare said in a statement.
The startup intends to use this fresh funding to accelerate growth and deliver simplified health benefits and insurance experience to employers, the statement added.
Its clients include startups like Airbnb, Xpress Bees, Nykaa, and Flipkart.
“We expect to grow by another 3x post this round. In a post-pandemic world, employee wellbeing has increasingly become the focal point of every employer’s strategy,” said Kiran Kalakuntla, co-founder, ekincare.
“ekincare is looking to add 10,000 companies to its customer base by FY25,” added Jagannath Samavedam, partner, Sabre Partners.
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