Care.fi raises $8m to speed up hospital discharge process
Care.fi, a healthcare fintech startup from Gurugram, just raised $8 million in Series A funding—$5 million in equity led by July Ventures (with Peak XV Partners, Accion Venture Lab, and Sadev Ventures joining in) and $3 million in debt from Trifecta and Vivriti.
Founded by Sidak Singh and Vikrant Agrawal in 2021, Care.fi helps hospitals manage cash flow and billing with smart financial tools.
They've automated the boring paperwork
Their RevNow platform automates all the boring paperwork—think documentation, coding, claims processing, and collections—and connects directly with Ayushman Bharat and private insurers.
The result? Discharge times have dropped from hours to just 20 minutes. Claims get settled within three to five days instead of dragging on.
They've handled over 1.5 lakh patient claims so far
So far, Care.fi has handled over 1.5 lakh patient claims and grown its team to about 250 people, and plans to add 500-600 more.
With nearly 37 crore Ayushman Bharat cards out there and insurance payouts hitting ₹94,000 crore in FY25 (the 2024-25 fiscal year), there's plenty of room for them to grow fast.