CosmicTaco

Kenko Health's Downfall: Founder Blames IRDAI Red Tape

CosmicTaco · 2024-11-04T17:42:03.321994+05:30

- Kenko Health's cofounder, Aniruddha Sen, blames IRDAI red tape for the startup's downfall. - Sen alleges Kenko Health was sent on a two-year 'wild goose chase' by IRDAI for an insurance licence. - Sen also implicates an unnamed Indian family office in the startup's undoing. - Despite meeting regulatory requirements, Kenko Health failed to secure an insurance licence from IRDAI. - Kenko Health shut down in August 2024 after running out of funds and failing to secure the insurance licence. Source: [Inc42](https://inc42.com/buzz/kenko-health-founder-blames-irdai-for-startups-downfall/)

Kenko Health's cofounder, Aniruddha Sen, blames IRDAI red tape for the startup's downfall.
Sen alleges Kenko Health was sent on a two-year 'wild goose chase' by IRDAI for an insurance licence.
Sen also implicates an unnamed Indian family office in the startup's undoing.
Despite meeting regulatory requirements, Kenko Health failed to secure an insurance licence from IRDAI.
Kenko Health shut down in August 2024 after running out of funds and failing to secure the insurance licence.

Source: Inc42