IRDAI red tape, archaic processes led to health tech startup Kenko’s fall: Cofounder Aniruddha Sen alleges

Kenko, founded in 2019, was trying to build a subscription-based health insurance product to protect its users against hospitalisation and outdoor treatment. The company, started by Sen and Dhiraj Goel, both seasoned insurance industry professionals, had raised around $13.7 million from large investors like Peak XV Partners, Orios Venture Partners and Beenext.