Funding to Accelerate Expansion and Product Innovation
Care.fi, a healthcare-focused fintech company building an AI-powered revenue cycle management (RCM) infrastructure for hospitals, has secured $8 million in a Series A funding round. The round includes $5 million in equity led by July Ventures, with participation from Peak XV Partners, Accion Ventures, and Sadev Ventures. Additionally, the company raised $3 million in debt financing from Trifecta and Vivriti.
With this fresh capital, Care.fi plans to expand into new Indian cities, accelerate its international footprint across the United States and the Middle East, and further strengthen its AI-powered healthcare operating system.
Responding to India’s Expanding Healthcare Ecosystem
India’s healthcare system is entering a decade of rapid growth. In FY25 alone, general and health insurers settled over 32.6 million health insurance claims, with payouts exceeding ₹94,000 crore. At the same time, the government has issued more than 36.9 crore Ayushman Bharat cards, significantly widening access to cashless healthcare.
As insurance coverage expands across public and private schemes, hospitals now face rising claim volumes, stricter compliance requirements, and increasing pressure to ensure faster, more predictable settlements. Consequently, the need for efficient and scalable revenue infrastructure has become critical.
Building AI-First Revenue Infrastructure for Hospitals
As per the press release, Care.fi addresses this growing complexity through its AI-driven platform, which streamlines documentation, coding, claims processing, and collections at scale. Moreover, its NBFC arm provides working capital solutions that help hospitals maintain predictable cash flows despite delayed reimbursements.
Currently, Care.fi supports hospitals operating under Ayushman Bharat as well as multiple large government and private insurance programs. As operational demands intensify, its integrated systems enable providers to manage revenue processes more efficiently and with greater transparency.
Driving Seamless and Invisible Revenue Operations
Vikrant Agrawal, Co-founder of Care.fi, emphasized the company’s mission: “This capital allows us to deepen our focus on making healthcare revenue operations seamless and invisible for hospitals. Doctors and care teams should not spend time navigating paperwork, approvals, or delayed payments. We are building an AI-first healthcare operating system that manages revenue end-to-end, so hospitals can focus on patient outcomes while patients experience care with confidence and dignity.”
Similarly, Sidak Singh, Co-founder of Care.fi, highlighted the structural gap in the ecosystem. “Healthcare delivery in India is scaling faster than the financial rails that support it. When millions of claims move through fragmented systems, even small inefficiencies create significant stress for hospitals and patients. We are building Care.fi as the underlying revenue infrastructure for insurance-led healthcare—one that delivers speed, clarity, and trust to every discharge and settlement. This funding enables us to scale responsibly in India and globally.”
Sustained Growth and Strategic Acquisition
The fundraise follows a period of consistent growth for Care.fi. The company reported over 10% year-on-year growth in assets under management and expanded its workforce to more than 250 employees to better support hospital partners amid rising claim volumes.
Recently, Care.fi also acquired Aldun to streamline hospital discharges. Through this integration, the company reduced patient waiting time after final billing from several hours to just 10 minutes. Together, the teams plan to scale monthly discharges from 10,000 to nearly 1 lakh, enabling patients to return home sooner and ensuring a smoother end-to-hospital journey.
Investor Confidence in a Category-Defining Platform
Investors expressed strong confidence in Care.fi’s model. A spokesperson from July Ventures stated, “At July Ventures, we back scalable, category-defining digital platforms. Care.fi’s tech-led RCM platform addresses one of healthcare’s most persistent challenges—hospital cash flow. By compressing billing cycles, improving collections, and unlocking working capital, Care.fi is building future-ready digital infrastructure combined with finance. The team’s depth and execution reinforced our conviction.”
Mohit Bhatnagar, Managing Director at Peak XV Partners, added, “Insurance-based discharge from large Indian hospitals can often be tedious and lengthy. Care.fi’s instant discharge solution demonstrates how innovation and trust can come together to create world-class patient experiences.”
A Global Vision for Healthcare Revenue Management
Looking ahead, Care.fi aims to become a global, end-to-end healthcare revenue cycle management platform built from India for the world. By unifying documentation, claims, collections, and financing into a single intelligent system, the company seeks to redefine hospital revenue management while enhancing transparency and patient comfort across insurance programs worldwide.