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International Finance Corporation led a $24m Series B round in Onsurity.

Financials

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Transaction Value£18m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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employee benefits

Private Equity

Friendly

India

Healthtech

Digital Services

Acquisition

Cross Border

Minority

Private

Venture Capital

Completed

Single Bidder

Synopsis

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International Finance Corporation, an international financial institution led a $24m Series B round in Onsurity, a HealthTech & employee benefits organization, with participation from Nexus Venture Partners and Quona Capital. “We are immensely proud of reaching this milestone. Our goal has always been to revolutionise employee healthcare benefits, making them accessible and user-friendly for India’s SMEs. With the strong support of IFC, Nexus Venture Partners, and Quona Capital, we will further intensify our efforts in scaling our tech-based platform which will enable us to extend insurance coverage to a larger spectrum of SMEs, ensuring a comprehensive safety net for their operations,” Yogesh Agarwal, Onsurity Founder and CEO.

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