Onsurity raises $16 million in funding round led by Quona Capital

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Employees health benefit services firm Onsurity on Wednesday said it has raised $16 million (around Rs 118.6 crore) in a funding round led by leading fintech investor Quona Capital.

The Series A funding round also saw participation from Clover Healthcare founder and CEO Vivek Garipalli and existing investor Nexus Venture Partners, the company said.

“Onsurity will use the investment to continue building its healthcare platform and offerings,” a company statement said.

“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,” the statement added.

The startup firm provides mediclaim benefits, discounts on medicines and group insurance services through its partners to employees subscribing to its plan.