Onsurity, an SME-focused monthly subscription-based employee healthcare benefits provider, has successfully closed a $45M Series B round, led by Creaegis and backed by its existing Incredibles IFC – International Finance Corporation, Nexus Venture Partners, and Quona Capital.
This is the second funding for the company in 2024. Earlier, Onsurity secured $24 million in Series B funding.
The Bengaluru-based startup plans to use the funds to expand its reach and launch new digital offerings and product lines for small and medium enterprises (SMEs) in India. The isurtech also aims to use the investment to enhance the company’s technology capabilities.
The latest funding will empower Onsurity to expand its reach to empower 50,000 SMEs and 5 million lives by 2026 through disruptive embedded partnerships.
Founded in 2020 by Agarwal and Kulin Shah, Onsurity is transforming SME healthcare insurance, focusing on accessibility, innovative solutions, and enhancing employee wellness.