Care.fi Raises Rs 7.5 Cr In Debt Funding From Vivriti Capital

Care.fi, a healthcare-focused fintech startup, has raised Rs 7.5 crore in debt funding from Vivriti Capital.

This new funding comes after Care.fi raised Rs 8 crore in debt from Wint Wealth (Ambium Finserve) and Caspian, and $2.5 million (about Rs 21 crore) from Trifecta Capital and UC Inclusive Credit in earlier funding rounds. 

 In total, the Gurugram-based company has raised approximately Rs 29 crore to date.

The new funds will help expand its AI-driven Revenue Cycle Management (RCM) platform, RevNow, which speeds up insurance claim settlements for hospitals. 

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“Since our inception, we have focused on solving critical operational pain points in hospital revenue management. we are setting new benchmarks in claims processing efficiency with RevNow.This latest funding will enable us to scale further, to help 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,” said Sidak Singh, co-founder of Care.fi.

“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 which bringing more hospitals into the fold and improving financial efficiency across the industry, ” said Vikrant Agrawal, co-founder of Care.fi.

About Care.fi 

Founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi has transformed hospital claims processing, managing over INR 800 crore in claims across 300+ hospitals and auditing more than 50,000 claims. 

Its AI-powered platform, RevNow, speeds up claim settlements, ensuring hospitals get payments within 3-5 days after discharge.

RevNow helps discharge patients in just 30 minutes by automating billing and approvals, reducing wait times. It also improves hospital workflows with real-time notifications, automated responses and integrated mailing services. 

Additionally, it boosts financial transparency by providing real-time cash flow reconciliation at various levels, giving hospitals clear visibility.

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