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Daily Markup #378: Clinikk raises US$4M to bring affordable healthcare to more Indian cities; Aarav Unmanned Systems to boost efficiency in various Tata Steel businesses; AMTD PolicyPal launches app for HK consumers & SMEs

Ching Yee Ho



Credit: Clinikk

Spreading health

  • Clinikk, a 500-backed insurtech and healthtech startup, has raised US$4 million in a pre-Series A round led by MassMutual Ventures. This brings its total funds raised to US$6.4 million to date.
  • According to the startup, it is building India’s first true managed care model by integrating outpatient care and health insurance.
  • It offers an affordable monthly subscription that includes family health insurance coverage and unlimited outpatient department coverage.
  • The startup said that it will use the fresh funds to consolidate its full-stack product offering and increase its presence in Bengaluru and other cities. It will also invest in product development and hiring key team members.
  • More details on Entrepreneur.

Credit: AUS

With flying colors

  • 500-backed drone startup Aarav Unmanned Systems (AUS) has secured multiple long-term contracts with several business verticals of Tata Steel, an Indian multinational steel-making company.
  • AUS will be providing advanced drone solutions to help Tata Steel manage its mines, land, and infrastructure more efficiently while increasing productivity and ensuring fulfillment of regulatory and safety conditions.
  • According to AUS founder and CEO Vipul Singh, the startup was the only vendor that qualified for the projects, thanks to a combination of world-class technology and a deep understanding of industry requirements.
  • Tata Steel will also be procuring survey-grade drones from the startup for internal survey requirements and research and development applications.
  • Read the full article in The Economic Times.

Credit: AMTD PolicyPal

Breaking new ground

  • AMTD PolicyPal Smart Insurance, a digital insurance-focused platform has been launched to help Hong Kong consumers and SMEs manage, buy, and claim their insurance all in one mobile app.
  • Val Yap, CEO and founder of 500-backed AMTD PolicyPal said, “New customer preferences for their insurance needs magnified by the global pandemic necessitates new solutions. For the insurance industry, this means prioritizing a digital-first experience.”
  • “As such, this launch will augment efforts to raise industry standards through bridging insurance knowledge gaps and helping consumers to take action on their first step of financial planning,” she added.
  • According to the statement, AMTD PolicyPal’s proprietary strengths include its user-centric design, free financial education content, and artificial intelligence-driven financial analysis.
  • Read the full statement here.

Ching Yee Ho