Care.fi raises Rs 6 Cr debt round from RevX

Healthcare-focused fintech startup Care.fi has raised Rs 6 crore in debt funding from RevX. 

The proceeds will be used to strengthen its operations around the Ayushman Bharat scheme, which now covers over 550 million beneficiaries and includes more than 29,000 empanelled hospitals as of June 2024.

According to market research, Government healthcare spending has risen to 1.84% of GDP, supporting initiatives like AB-PMJAY. 

Founded by Sidak Singh and Vikrant Agrawal, Care.fi provides tech-enabled financial solutions to healthcare providers. 

The startup claims to have disbursed over Rs 800 crore to more than 100 hospitals and secured an NBFC license within two years of its inception.

Care.fi plans to use its backend operations expertise to support faster claim settlements and improve hospital cash flow management as the scheme becomes more centralized.