Care.fi raises $8 Mn in Series A round led by July Ventures

Healthcare-focused fintech startup Care.fi has raised $8 million in a Series A funding round. The round includes $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.

The Gurugram-based company had previously secured $2 million (Rs 16 crore) in debt capital from Trifecta Capital, as well as an additional $0.6 million (Rs 5 crore) from UC Inclusive Credit in July 2024.

The proceeds will be used to expand operations into additional Indian cities, accelerate international expansion across the United States and the Middle East, and further invest in product development for its AI-powered healthcare operating system, Care.fi said in a press release.

Co-founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi is a healthcare-focused fintech platform addressing funding gaps for healthcare providers in India. The platform enables upfront claim disbursement in as little as 10 minutes, helping hospitals and clinics overcome delays in revenue realisation.

The startup offers claim and supply financing across government and insurance-backed schemes, including ESI and Ayushman Bharat. Powered by cloud-based technology, Care.fi supports the financial resilience and digital transformation of healthcare SMEs.

By unifying documentation, claims, collections, and financing into a single intelligent system, Care.fi aims to redefine how hospitals manage revenue while improving transparency and patient experience across insurance programs. The company’s systems are deployed across Ayushman Bharat and multiple large government and private insurance programs, supporting hospitals as operational complexity continues to rise.

Care.fi’s AI-driven platform helps hospitals manage documentation, coding, claims processing, and collections at scale, while its NBFC arm provides working capital solutions that enable predictable cash flows. The company claims to have recorded over 10% year-on-year growth in assets under management and aims to scale from 10,000 to nearly 1 lakh discharges per month. It has also acquired Aldun to make hospital discharges faster and less stressful for patients and their families, reducing waiting time after the final bill from hours to just 10 minutes.