Care.fi, a healthcare-focused fintech startup that is focused on providing smart financing solutions to the healthcare sector has recently raised ₹8 crore in debt capital. The company raised ₹5 crore from Wint Wealth (Ambium Finserve) and impact debt capital of ₹3 crore from Caspian.
The fresh funds will be used to ramp up its presence in the market and invest in the betterment of healthcare fintech, especially for optimizing the operational end of hospital management.
The Gurugram-based company had previously raised $2 million (₹16 crore) in debt capital from Trifecta Capital, along with an additional $0.6 million (₹5 crore) from UC Inclusive Credit in July 2024.
Sidak Singh, co-founder of Care.fi said, “Since our inception we have witnessed remarkable growth and this funding will help us scale our book size further. Last financial year, we witnessed a growth of 4x in total disbursals, reaching cumulative disbursals of INR 400Cr. This brings a step closure to bring the necessary change in the health-fintech space. We are attuned to the pain points of the market and the patients, so our solutions help in optimizing the operational bit, especially for insurance, at a time when patients are eager to wrap up payments and go home. The idea is to help healthcare providers focus on providing healthcare while we take care of their operational challenges (or By optimizing operational processes, we enable healthcare providers to focus on patient care while we handle the operational and financial complexities) and we can see that it is emerging now as a fast-growing ecosystem and we hope to continue improving it.”
“Our focus currently is on two major building blocks, i.e. strengthening the team with the right talent and focusing on expansion and growing the business. We are currently working with more than 50+ renowned hospitals and have helped 2,000+ patients with their claims. This funding will help us further increase our presence in the market and invest in the betterment of healthcare fintech especially for optimizing the operational end of hospital management,” shared Vikrant Agrawal, co-founder at Care.fi.
Founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi is a fintech company offering smart financing solutions to hospitals, doctors, and allied suppliers. The organisation facilitates easier operations and faster growth by attending to the financial needs of healthcare professionals and institutions.
The Gurugram-based startup has also received an NBFC licence within two years of operation.
