Healthcare-focused fintech startup Care.fi has raised $8 million in a Series A funding round, including $5 million in equity led by July Ventures, with participation from Peak XV Partners, Accion Venture Lab, and Sadev Ventures, along with $3 million in debt financing from Trifecta and Vivriti.
Funding To Support Expansion And Product Innovation
The Gurugram-based company plans to use the fresh capital to expand operations across additional Indian cities, accelerate international expansion into the United States and the Middle East, and strengthen product development for its AI-powered healthcare operating system.
Addressing Healthcare Financing And Claims Processing Gaps
Founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi focuses on solving funding delays faced by healthcare providers in India. The platform enables hospitals and clinics to receive upfront claim disbursement in as little as 10 minutes, helping reduce revenue realisation delays.
Care.fi provides claim and supply chain financing solutions across government and insurance-backed healthcare schemes, including ESI and Ayushman Bharat. Its cloud-based platform integrates documentation, claims processing, collections, and financing into a single system aimed at improving operational efficiency and financial stability for healthcare SMEs.
AI-Driven Hospital Revenue Management And Scaling Plans
The company’s AI-powered platform supports hospitals in managing documentation, coding, claims processing, and collections at scale, while its NBFC arm provides working capital financing to enable predictable cash flows. Care.fi claims to have recorded over 10% year-on-year growth in assets under management and is targeting growth from 10,000 to nearly 1 lakh hospital discharges per month.
Care.fi has also acquired Aldun to streamline hospital discharge processes, reducing patient waiting time after billing from several hours to approximately 10 minutes.
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