<ul><li>Cofounder of Kenko Health, Aniruddha Sen, alleges that red tape at IRDAI led to the startup's downfall.</li><li>Kenko Health was sent on a 'wild goose chase' by IRDAI for an insurance licence, resulting in the destruction of the company.</li><li>Sen claims that IRDAI's chairman initially encouraged startups like Kenko Health to raise funds for an insurance licence, but later reversed his stance.</li><li>Kenko Health shut down after running out of funds and failing to secure the insurance licence, despite reporting strong revenue growth.</li></ul>

Kenko Health Founder Blames IRDAI For Company’s Downfall

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