Kenko Health, a healthtech startup, has closed operations after running out of funds and failing to secure an insurance licence from the Insurance Regulatory and Development Authority of India (IRDAI).
Co-founder Aniruddha Sen informed employees in June that the company faced legal action by a debt investor at the National Company Law Tribunal (NCLT). Kenko was close to bringing in a new domestic investor, but concerns over equity dilution caused friction with existing investors. The startup's website and communication channels are now inactive. Founded in 2019, Kenko had raised $13.7 Mn.