Loop, an innovative insurance and healthcare company, has welcomed Harpreet Singh Rai, the former CEO of Oura, as its new President, Healthcare. This strategic move is set to accelerate the development of preventive health solutions aimed at extending the healthy years of India's workforce. Rai's extensive experience in scaling health technologies that combine science, data, and behavioral insights positions him uniquely to lead Loop's healthcare product development.
During his tenure at Oura from 2018 to 2021, Rai was instrumental in launching the company's second and third-generation health-tracking rings, achieving sales of over 1 million units. His background in technology portfolio management at Eminence Capital, focusing on healthcare and technology investments, further enriches his capability to drive Loop's mission forward. Rai's engineering degree from the University of Michigan complements his diverse expertise, making him a pivotal figure in Loop's strategy to make healthcare more accessible and engaging.
Mayank Kale, Co-founder and CEO at Loop, emphasized the significance of Rai's appointment, highlighting the urgent need to shift the healthcare paradigm from treating sickness to promoting health. India's workforce currently loses 20 years of healthy life compared to global averages, a gap Loop aims to bridge through innovative preventive measures. Rai's leadership is expected to extend Loop's impact beyond corporate boundaries, making preventive healthcare a tangible reality for millions.
Rai expressed his enthusiasm for joining Loop, citing the company's unique approach to improving healthcare in India. By focusing on prevention, Loop seeks to add decades to the lives of working Indians, transforming the healthcare landscape one individual, family, and company at a time. This initiative not only promises to enhance the quality of life for India's workforce but also sets a precedent for preventive healthcare models worldwide.
Loop's mission is supported by a robust backing from global investors, including Y Combinator, Khosla Ventures, Elevation Capital, and General Catalyst. With Rai at the helm of its healthcare division, Loop is poised to redefine corporate healthcare in India, making prevention profitable and health outcomes measurable. For more information, visit https://www.loophealth.com/.
