Loop Health is an insurtech and healthcare platform that provides group health insurance and benefits. It serves more than 130,000 members across 300 companies in India and counts clients such as NoBroker, InCred, Vaibhav Global and SKF India. The company operates an in-house medical team that enables preventive care and direct management of chronic conditions including diabetes, hypertension, chronic obstructive pulmonary disease and mental health. Loop reported strong growth in FY22, claiming a fivefold jump in revenue from the previous financial year and recent month-on-month growth of 30%. It plans to use new funding to drive sales growth, product development and strategic hiring to scale its health assurance delivery model. Loop Health was founded in 2018 by Mayank Kale, Ryan Singh, Amrit Singh and Shami Raj and is targeting a $10 billion Indian health insurance market growing at a 25% CAGR. Loop Health sells group health insurance plans to employers and couples those plans with a virtual primary care product delivered by its in-house medical team and partner providers. The company was founded in 2018 and participated in Y Combinator’s Winter 2020 cohort. Loop has worked with over 150 companies representing roughly 50,000 members and says 40% of customers consult a Loop doctor within the first three months on the plan. The business has grown headcount from about 10 to roughly 80 employees and reports 50% month-over-month revenue growth; it operates in Pune, Mumbai and Bengaluru and employs 15 care specialists. Loop plans to use the new funding to onboard more members, build physical clinics, and hire across sales, engineering and product. The company targets 1 million covered members by the end of 2022 and five million across Southeast Asia over the next five years. Loop Health is a Pune-based health insurance broker that supplements employer health plans with an in-house medical team, dedicated medical advisors, and unlimited virtual family-medicine consults. When a company purchases insurance through Loop, the startup adds continuous, unlimited primary care and wellness benefits at no extra cost, assigning each employee and their family a dedicated medical advisor accessible 24/7. Members can schedule unlimited virtual consults via Loop's mobile app and access preventative care without clinic visits or per-appointment fees. The company says this model addresses poor-quality primary care and misaligned incentives that can lead to unnecessary hospitalizations and claims. Loop Health claims to have onboarded 100 companies as early adopters and plans a broader rollout in the coming months. Founded in 2018, the team is building a value-based care system to incentivize proactive, preventive care rather than reactive treatment; the company has raised $2.3M in a seed round to scale its solution.

Total raised

$39M

Funding rounds

3

Latest round

Series B

Latest activity

Apr 2022