Healthcare-focused fintech startup Care.fi has raised $8 million, or about Rs 72.46 crore, in a Sequence A funding spherical comprising a mixture of fairness and debt, because it seems to be to scale its AI-led income cycle platform for hospitals in India and abroad.

The spherical contains $5 million in fairness led by July Ventures, with participation from Peak XV Companions, Accion Enterprise Lab and Sadev Ventures. The remaining $3 million was raised as debt from Trifecta Capital and Vivriti.

The Gurugram-based startup had earlier secured $2 million, or Rs 16 crore, in debt from Trifecta Capital and $0.6 million, or Rs 5 crore, from UC Inclusive Credit score in July 2024. It additionally raised $957,000 in debt from Wint Wealth and Caspian in 2024, and about $650,000 from RevX to boost assist for the Ayushman Bharat scheme. In complete, the startup had raised round $5 million previous to this spherical.

Based in 2021 by Vikrant Agrawal and Sidak Singh, Care.fi operates an AI-powered healthcare working system that allows hospitals to handle documentation, coding, claims processing and collections. It additionally runs an NBFC arm that gives working capital loans, provide chain financing, receivables financing and bill discounting, together with via partnerships with Hindon Mercantile and Prateek Securities.

The platform facilitates upfront declare disbursement in as little as 10 minutes, addressing delays in income realisation for hospitals below authorities and insurance-backed schemes comparable to Ayushman Bharat and ESI.

“This capital permits us to go deeper on our core mission: making healthcare income operations seamless and invisible for hospitals. Docs and care groups shouldn’t be spending time navigating paperwork, approvals, or delayed funds. We’re constructing an AI-first healthcare working system that takes care of income end-to-end,” mentioned cofounder Vikrant Agrawal.

The corporate plans to make use of the contemporary capital to increase into extra Indian cities, speed up worldwide enlargement throughout the USA and the Center East, and make investments additional in product growth.

Final month, Care.fi acquired Bengaluru-based discharge automation platform Aldun to scale back ready time after ultimate billing from hours to about 10 minutes. The startup goals to scale from 10,000 to just about 1 lakh automated discharges per thirty days.

Care.fi mentioned the enlargement of cashless hospital care throughout authorities and personal insurance coverage schemes has elevated claims volumes, compliance necessities and dealing capital wants. It claims to have grown its belongings below administration by greater than 10% year-on-year because it helps hospitals navigating rising operational complexity.