Care.fi, a healthcare-focused fintech startup, has secured ₹7.5 crore in debt capital from Vivriti Capital.
The funds raised will be used to expand the reach of RevNow by Care.fi, an AI-powered Revenue Cycle Management (RCM) platform designed to optimize hospital insurance claims and streamline revenue realization.
Care.fi also aims to expand RevNow’s capabilities and integrate further with hospital information systems (HIS), electronic health records (EHR), and billing platforms. The company is also focused on talent acquisition to strengthen its team and further drive innovation in RCM.
This latest investment follows Care.fi’s previous funding rounds, which included ₹8 crore in debt capital raised from Wint Wealth (Ambium Finserve) and Caspian, along with $2.5 million (around ₹21 crore) in debt from Trifecta Capital and UC Inclusive Credit. In total, the group has raised approximately ₹29 crore to date.
Sidak Singh, co-founder of Care.fi, said, “Since our inception, we have focused on solving critical operational pain points in hospital revenue management. With RevNow, we are setting new benchmarks in claims processing efficiency. This latest funding will enable us to scale further, helping hospitals optimize financial workflows while ensuring better patient experiences. As the healthcare ecosystem grows, we aim to continue innovating and improving revenue realization for providers.”
“Our primary focus is to enhance the reach and effectiveness of our claims processing solutions. We have already facilitated insurance claims for over 50,000 patients, and this funding will enable us to further expand our presence in the healthcare sector, bringing more hospitals into the fold and improving financial efficiency across the industry,” said Vikrant Agrawal, co-founder of Care.fi.
Founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi is a fintech startup that provides 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.
Care.fi aims to insurance claims hassle-free as managing insurance claims remains a complex challenge for hospitals, often leading to delayed discharges, revenue leakages, and operational inefficiencies.
Care.fi has revolutionized hospital claims processing, handling over ₹800 crore in claims across 300+ hospitals and auditing more than 50,000 claims.
Its AI-driven RCM platform, RevNow, is making claim settlements and ensuring hospitals receive payments within 3-5 days post-discharge. It enables 30-minute patient discharges by automating final billing and approvals, drastically reducing wait times. RevNow optimizes hospital workflows with real-time query notifications, automated responses, and integrated mailing services. It also enhances financial transparency by providing real-time reconciliation of cash flows at the entity, unit, and claim levels, offering hospitals unparalleled visibility.
