Loop Grows 400 Percent YoY, Rapidly Transforms Employee Health and Wellness Across Bengaluru Startup
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 startup