Care.fi, the healthcare-focused fintech startup, has raised ₹6 crore in debt funding from RevX.
The capital raised will be strategically deployed to deepen its involvement in the Ayushman Bharat scheme, in line with the rapid expansion of the initiative. The scheme is now set to cover over 550 million beneficiaries, while the network of empanelled hospitals has grown significantly, with over 29,000 hospitals onboarded as of June 2024.
Founded in 2021 by Sidak Singh and Vikrant Agrawal, Care.fi provides tech-enabled financial solutions to healthcare providers including hospital, doctors and allied suppliers.
Care.fi has already disbursed over ₹800 crore to healthcare institutions and worked with 100+ hospitals.
The Gurugram-based startup has also received an NBFC licence within two years of operation.
Sidak Singh, co-founder of Care.fi, said, “Our focus has always been to ease the burden of operational and financial processes for healthcare providers. With the Ayushman Bharat scheme becoming more centralised and 60% of Hospital revenue coming from Insurance schemes, our solutions can seamlessly plug into this evolving framework and help hospitals manage claims and cash flows more effectively.”
Vikrant Agrawal, co-founder at Care.fi, said, “This infusion from RevX will not only allow us to scale our operations but also enable better support for hospitals onboarded under the Ayushman Bharat initiative. We see this as a powerful step toward building a resilient and inclusive healthcare financing ecosystem in India.”
