Employee health benefits startup Onsurity raises $16 mn from Quona, Nexus

Onsurity, the monthly employee health benefits platform for SMBs and start-ups, has raised $16 million in a Series A round of funding led by leading fintech investor Quona Capital, alongside existing investors Nexus Venture Partners. The round also saw participation from healthcare entrepreneur Vivek Garipalli, the founder and CEO of Clover Healthcare.

Onsurity will use the investment to continue building its healthcare platform and offerings. SMBs in India employ 3-100 employees and have traditionally had no access to affordable health plans. Onsurity’s mission is to make high-quality employee health benefits and insurance more affordable and accessible to over 35 million SMBs and startups across India, which collectively employ more than 150 million people.