Across Bengaluru startups, Loop expands 400% year over year and quickly transforms employee health and wellness

Bengaluru, Karnataka, India | 15th December 2022: Loop, a company focused on transforming employee health and wellness, by combining group health insurance with unlimited primary care, today announced that they have registered tremendous growth in Bangalore’s startup ecosystem in 2022. The company has registered a 400% YoY growth and now supports 25,000 startup employees and their families across the city. Headquartered in Pune, Loop opened their Bangalore office in 2021 and is rapidly scaling their on-ground team to cater to the city’s burgeoning demand for employee health transformation. Loop’s unique healthcare model is backed by marquee global investors like Vinod Khosla (Khosla Ventures), Elevation Capital, General Catalyst and Optum Ventures among others.
Apart from an exponential growth in companies and lives covered, Loop has also shown a 23x growth in the number of online chats with medical advisors on the Loop app and a 12x growth in the number of doctor consultations. These are positive trends that point to a pull factor among Bangalore’s startup employees towards improving their overall health and wellbeing.

Startup companies have a high-growth, results-oriented culture. While startups have historically looked for growth hacks in the form of funding, strategic hiring and acquisitions, they have not explored improved employee health as a growth hack. Traditionally startups, like most companies have only provided health insurance and stopped at that. Health insurance is merely a form of payment for sick care. Loop has led from the front by combining sick care with instant preventive health care through proactive education, doctor consultations with Loop’s in-house team of doctors, diagnostics, camps and testing. Loop has also organized hundreds of hours of wellness sessions across Bangalore and has demonstrated that improved employee health leads to better productivity, increased employee engagement and a stronger employer brand.

Loop will be adding 100 employees in Bangalore in 2023 across all customer facing functions to cater to the exponential growth Loop is seeing in the city.
“Bangalore’s startup ecosystem has been an early adopter of many game changing trends in the past and is now championing the cause of employee health for better human and business outcomes. Startups realize that just providing health insurance in an offline or digital mode is not enough. Loop has led from the front to make preventive and curative healthcare a Founder charter and an HR leader charter and we are thankful for our 2022 cohort of customers in Bangalore who have led from the front and set the right example for the rest of the community to follow through. I am confident that 2023 will be an even bigger year for Loop and for Bangalore’s startup employees in terms of their health and wellness,” said Amrit Singh, co-founder and Chief Revenue Officer, Loop.

Most Popular

More from Author

Read Now

Krish-e Launches Aftermarket Smart Kit for Advanced Farm Equipment Monitoring

Krish-e Smart Kit brings farm equipment into the digital age. Monitor, track and optimize your fleet performance with this cutting-edge technology.

How This Rajkot-based Startup is Redefining Consumer Electronics in India with Competitive Pricing and Bold Design

A new entrant to India's consumer electronics space, Lyne is turning heads with its range of stylish and practical mobile accessories. With a focus on design and quality, the brand is looking to make a mark in the highly competitive market and change the game for Indian consumers.

TechGig & LinkedIn Announce Strategic Partnership to Boost Technology Events

Delhi, India | 30th March 2023: TechGig, India’s largest developer community, announced a strategic partnership with LinkedIn, the world's largest professional network firm, for better engagement and outreach with the community. The idea behind the collaboration is to leverage LinkedIn's specialized solutions to facilitate deeper reach, greater impact,...

Storia and IBA Join Hands to Promote Women’s Boxing at World Championship 2023

Storia Partners with IBA to Empower Women Boxers for Olympics 2024.

Ansell has Opened its Most Significant Greenfield Manufacturing Plant in India, Investing USD 80 Million

Mumbai, Maharashtra, India | 27th March 2023: Ansell, a global leader in personal protective equipment, marked the first phase of Go Live for Packing & Irradiation Operations at its new Kovai manufacturing facility in India, where they have so far invested $80 Million in this plant with a...

Sportzcraazy’s Acquisition of Kabaddi Adda Boosts Its Ability to Scout and Develop Players

Kabaddi Adda, a leading media content platform, is now under the control of Sportzcraazy. With over 5 million monthly enthusiasts, this acquisition strengthens Sportzcraazy's position as a leading sports tech and media platform in India.

PrepSAT Test by PrepInsta and WeCP Attracts 1.4 Lakh Candidates for Hiring Hackathon

PrepInsta's first-ever hiring hackathon, PrepSAT, draws massive interest with an astounding 1.4 Lakh registrations.

UKIBC brings together businesses, UN, UK government and partners on critical SDG matters in Delhi

NEW DELHI | 24th March 2023: As a part of its continued commitment to advance bilateral collaboration and mutual prosperity between the UK and India, UK India Business Council hosted a day-long Sustainability Conference and evening reception on the 'Socio-Economic Impact' of UK businesses in India in New Delhi. UKIBC's socio-economic impact...

NASSCOM Foundation and IG Group partner to skill women graduates and PwDs in Bangalore

NASSCOM Foundation and IG Group collaborate to digitally skill 300 women graduates and PwDs from marginalized communities in Bangalore.