Healthcare insurer Loop raises $25 mn from Vinod Khosla, others in Series B

The round comes just six months after Loop raised a $12 million Series A, bringing total mop up till date to $40 mn

Loop, a Pune-based healthcare and insurance startup has raised $25 million in a Series B round co-led by General Catalyst and Elevation Capital (formerly Saif Partners). The round also included participation from leading Silicon Valley investor - Vinod Khosla and Khosla Ventures, Sierra Ventures, as well as a new investor, Optum Ventures. The round comes just 6 months after Loop raised a $12 million Series A round, bringing the total funds raised by Loop till date to $40 million.

The company will use the fresh funds to drive sales growth, product development, and strategic hiring. This would help in its efforts