InsurTech startup Vital raises $3mn in pre-Series A round

CHENNAI: InsurTech platform Vital, which offers tailor-made, comprehensive and pocket-friendly health plans designed specifically for every member’s individual needs, has raised $3 million in total with a pre-Series A round led by India’s renowned venture capital company BLinC Invest.

Venture Catalyst, Survam Partners and several other angel investors also participated in the round.

Rahul Kumar, co-founder and CEO of Vital, said, “Unlike traditional health insurance, which is one size fits all with expensive annual premium and numerous terms & conditions, we at Vital are leveraging technology and data science to build a more personalized experience with an integrated health and wellness approach and smarter product structuring to make the premiums much more affordable.”