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    Insurtech startup Kenko Health stares at shutdown: What went wrong?

    Synopsis

    Insurtech startup Kenko Health is facing closure due to a shareholder battle and funding issues. The company, backed by Peak XV Partners and Orios Venture Partners, struggled to raise capital from the Hero Group, leading to a stalemate. With no immediate funding prospects, the $39.7 million-valued firm is on the verge of shutdown, impacting its workforce and operations.

    Insurtech startup Kenko Health is close to downing shutters as a shareholder battle has made it almost impossible for the company to carry on operations, multiple people aware of the matter said.The Peak XV Partners (formerly Sequoia Capital India) and Orios Venture Partners-backed firm, which applied for a health insurance licence from the country’s insurance regulator, was in talks to raise capital from the Hero Group and had obtained a term
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    The Economic Times