Gurugram, Feb 11: Care.fi, a healthcare-focused fintech building an AI-powered revenue cycle management infrastructure for hospitals, has raised $8 million in a Series A round. The funding includes $5 million in equity led by July Ventures, with participation from Peak XV Partners, Accion Ventures, and Sadev Ventures, and $3 million in debt financing from Trifecta and Vivriti.
India’s healthcare system is entering a decade of scale. In FY25 alone, general and health insurers settled over 32.6 million health insurance claims, with payouts exceeding ₹94,000 crore. Alongside this, more than 36.9 crore Ayushman Bharat cards have been issued, dramatically expanding access to cashless care. As coverage widens across government and private schemes, hospitals are grappling with rising claim volumes, tighter compliance requirements, and increasing expectations for faster, more predictable settlement cycles.
Care.fi is building infrastructure for this new reality. Its AI-driven platform helps hospitals manage documentation, coding, claims processing, and collections at scale, while its NBFC arm provides working capital solutions that enable predictable cash flows. Today, Care.fi’s systems are deployed across Ayushman Bharat and multiple large government and private insurance programs, supporting hospitals as operational complexity continues to rise.
The newly raised capital will be used to expand operations into additional Indian cities, accelerate international expansion across the United States and the Middle East, and further invest in product development for its AI-powered healthcare operating system.
“This capital allows us to go deeper on our core mission: making healthcare revenue operations seamless and invisible for hospitals,” said Vikrant Agrawal, Co-founder of Care.fi. “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, so hospitals can focus on patient outcomes, and patients can experience care with confidence and dignity.”
The fundraise follows a period of sustained growth for Care.fi, marked by over 10% year-on-year growth in assets under management and expansion of its team to 250+ employees, strengthening support for hospital partners amid rising claim volumes and faster turnaround expectations. Recently, Care.fi has also acquired Aldun to make hospital discharge faster and less stressful for patients and their families, reducing waiting time after the final bill from hours to just 10 minutes. Together, they aim to scale from 10,000 to nearly 1 lakh discharges per month, helping patients return home sooner and ensuring a smoother end to the hospital journey.
“Healthcare delivery in India is scaling faster than the financial rails that support it,” said Sidak Singh, Co-founder of Care.fi. “When millions of claims move through fragmented systems, even small inefficiencies compound into real stress for hospitals and patients. We’re building Care.fi to be the underlying revenue infrastructure for insurance-led healthcare—one that brings speed, clarity, and trust to every discharge and every settlement. This capital lets us scale that infrastructure responsibly, in India and beyond.”
“At July Ventures, we back scalable, category-defining digital platforms,” said a spokesperson from July Ventures. “Carefi’s tech-led RCM platform tackles one of healthcare’s hardest problems, i.e. hospital cash-flow. By compressing billing cycles, improving collections, and unlocking working capital for providers, Carefi is building a future-proof digital infrastructure coupled with finance. The team’s depth, clarity of vision, and consistent execution further reinforced our conviction in backing them at this stage.”
Mohit Bhatnagar, Managing Director at Peak XV Partners, said,
“Getting discharged, with Insurance, from a large Indian hospital can be tedious and lengthy. Care.fi’s instant discharge solution demonstrates how innovation and trust come together to create world-class customer experiences.”
Care.fi’s long-term ambition is 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 aims to redefine how hospitals manage revenue while improving transparency and comfort for patients across insurance programs.