Ex-Oura CEO Harpreet Singh Rai Joins Loop Health to Lead Digital Health Innovation in India

Ex-Oura CEO Harpreet Singh Rai Joins Loop Health to Lead Digital Health Innovation in India

Rai will lead the development and scaling of Loop’s tech-enabled healthcare services, including telehealth, diagnostics, clinical services, and primary care management, all integrated within its health insurance platform designed for India’s employer-led health benefits market.

In a bold move set to accelerate India’s digital health and preventive care infrastructure, Loop Health, the Y Combinator-backed healthtech and insurance startup, has announced the appointment of Harpreet Singh Rai, former CEO of wearable healthtech giant Oura, as its President, Healthcare.

An early investor and longtime advisor to Loop, Rai steps into an operational leadership role at a crucial inflection point for India’s digital health ecosystem. Known for his tenure at Oura where he scaled the consumer health brand to global prominence, including the launch of its 2nd and 3rd generation sleep and wellness rings and crossing one million units sold, Rai brings proven expertise in building data-driven, consumer-centric digital health products.

In his new mandate, Rai will lead the development and scaling of Loop’s tech-enabled healthcare services, including telehealth, diagnostics, clinical services, and primary care management, all integrated within its health insurance platform designed for India’s employer-led health benefits market.

“India's workforce loses 20 years compared to global peers; not because of destiny, but because our system profits from sickness rather than health. Harpreet has built consumer health products that people actually use and love. That's exactly the leadership we need to scale prevention beyond corporate walls,” said Mayank Kale, Co-founder and CEO, Loop.

Prior to Oura, Rai managed technology and healthcare investments at Eminence Capital and began his career in M&A at Morgan Stanley.

He holds a degree in electrical engineering from the University of Michigan, a rare blend of engineering, investing, and health leadership that positions him to drive Loop’s vision of a prevention-first, digital health model for India.

‘India’s UPI Moment in Healthcare’

Sharing his outlook, Rai observed, “I see India going through its UPI moment in healthcare. With the product innovation that is happening, increasing (healthcare) penetration, it's now shifting from consumer to employer-led. This is a unique time to build health infrastructure in a country that’s leapfrogging legacy systems.”

Founded in 2019 By Mayank Kale, Ryan Singh, and Amrit Singh is a healthtech startup and India’s first “Health Assurance” company. Based in Pune, it offers a platform combining group health insurance with unlimited primary care, including 24/7 doctor consultations, wellness programs, chronic care management, and digital health tools for employees and businesses.

Backed by investors including Elevation Capital and General Catalyst, the company has raised $40.9 million across five funding rounds, according to Tracxn.

Ambitions Beyond Insurance

Rai’s appointment marks a pivotal step in Loop’s ambition to evolve from a B2B insurance provider to a comprehensive digital health and preventive care platform for India’s working population.

“Our mission is to add 20 years to the Indian lifespan. We want to make the healthcare experience something people actually engage with, not just when they’re sick,” Rai said.

While Loop’s current services are employer-sponsored, Rai’s experience building both consumer and enterprise healthtech verticals is expected to fast-track its transition into a consumer-driven, digital care experience. At Oura, he expanded B2C sales and built a B2B revenue stream serving employers, sports scientists, and clinical researchers, a segment that reached a $20 million run rate under his leadership.

Wearables, Digital Care, & India’s Healthtech Future

On the potential for wearable-integrated care models in India, Rai struck a measured tone. “Even globally, wearable-driven care is just beginning. India is early but growing fast. I don’t see Loop building a wearable right now but we’ll look to partner as the ecosystem matures,” he said.

For now, he aims to focus on digitizing India’s still manual, offline healthcare workflows and creating a seamless, engaging digital health experience for millions. “Ultimately, healthcare is a consumer experience. Whether the payer is the employer or the individual, you have to build for trust, access, and engagement. That’s what I’m here to do.”

When asked about the ongoing legal standoff between Oura and India’s homegrown fitness wearable startup Ultrahuman, Rai declined to comment, referencing his 2021 exit from Oura.

However, he added, “It’s amazing to see a hardware player like Ultrahuman emerge from India, it shows the kind of talent and physiological science expertise the country is now bringing to the global table.”


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