The round was a mix of equity and debt with participation from July Ventures, PeakXV and Trifecta Capital, among others
Care.fi offers an AI-powered healthcare operating system for hospitals to manage revenue cycle along with credit solutions for working capital
It plans to use the fresh funds to expand to other cities in India, along with the US and Middle east
Healthcare-focussed fintech startup Care.fi
has raised $8 Mn (about ₹72.46 Cr) in its Series A round in a mix of equity and debt. While the $5 Mn equity part was led by July Ventures, with participation from Peak XV Partners, Accion Venture Lab and Sadev Ventures, $3 Mn was raised as debt from Trifecta Capital and Vivriti.
The Gurugram-based startup offers an AI-powered healthcare operating system for hospitals to manage revenue cycles, including documentation, coding, claims processing and collections. It also has an NBFC arm that provides working capital to hospital partners.
Care.fi plans to use the fresh funds to expand its operations to more cities in the country, international expansion across the US and the Middle East, and investment in product development.
“This capital allows us to go deeper on our core mission: making healthcare revenue operations
seamless and invisible for hospitals. Doctors and care teams should not be spending time navigating paperwork, approvals, or delayed payments. We are building an AI-first healthcare operating system that takes care of revenue end-to-end,” said cofounder Vikrant Agrawal.
Founded in 2021 by Agrawal and Sidak Singh, Care.fi acquired Bengaluru-based discharge-automation platform Aldun last month with an aim to scale to nearly 1 Lakh automated discharges per month to improve hospital churn and patient satisfaction.
Care.fi raised $957K in debt capital from Wint Wealth and Caspian in 2024 and around $650K in debt last year from RevX to increase its platform capabilities to support the Ayushman Bharat scheme – the government’s health insurance initiative. Overall, it raised about $5 Mn prior to the latest round.
As per Care.fit, the expansion of cashless hospital care across government and private insurance schemes has led to rising claims volumes, compliance requirements and working capital needs, which it is trying to solve through its multi-pronged SaaS and fintech offerings.
It claims to have grown its assets under management by 10% YoY, and currently offers credit to hospitals through its own NBFC, along with Hindon Mercantile and Prateek Securities. This covers working capital loans along with solutions for supply chain financing, receivables financing and invoice discounting.
