New Delhi, March 25, 2025: Care.fi, a pioneering healthcare-focused fintech startup, has secured INR 7.5 Cr in debt capital from Vivriti Capital to accelerate its mission of revolutionizing Revenue Cycle Management (RCM) for hospitals. With a strong emphasis on claims processing and financial automation, this funding will further expand the reach of RevNow by Care.fi, India’s most advanced AI-powered RCM platform designed to optimize hospital insurance claims and streamline revenue realization.
This latest investment follows Care.fi’s previous funding rounds, which included INR 8 Cr in debt capital raised from Wint Wealth (Ambium Finserve) and Caspian, along with $2.5 Mn (around INR 21 Cr) in debt from Trifecta Capital and UC Inclusive Credit. In total, the group has raised approximately INR 29 Cr to date.
In India’s evolving healthcare ecosystem, managing insurance claims remains a complex challenge for hospitals, often leading to delayed discharges, revenue leakages, and operational inefficiencies. Care.fi has revolutionized hospital claims processing, handling over INR 800 Cr in claims across 300+ hospitals and auditing more than 50,000 claims. Its AI-driven RCM platform, RevNow, is making a significant impact by expediting claim settlements and ensuring hospitals receive payments within 3-5 days post-discharge. It enables 30-minute patient discharges by automating final billing and approvals, drastically reducing wait times. RevNow optimizes hospital workflows with real-time query notifications, automated responses, and integrated mailing services. It also enhances financial transparency by providing real-time reconciliation of cash flows at the entity, unit, and claim levels, offering hospitals unparalleled visibility.
Sidak Singh, co-founder of Care.fi, shared, “Since our inception, we have focused on solving critical operational pain points in hospital revenue management. With RevNow, we are setting new benchmarks in claims processing efficiency. This latest funding will enable us to scale further, helping 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.”
With its latest funding round, Care.fi aims to expand RevNow’s capabilities and integrate further with hospital information systems (HIS), electronic health records (EHR), and billing platforms. The company is also focused on talent acquisition to strengthen its team and further drive innovation in RCM.
“Our primary focus is to enhance the reach and effectiveness of our claims processing solutions,” said Vikrant Agrawal, co-founder of Care.fi. “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, bringing more hospitals into the fold and improving financial efficiency across the industry.”
With an ambitious vision to become a 10 Billion Dollar enterprise by 2030, Care.fi is redefining healthcare finance by bridging gaps in insurance claims processing, ensuring financial stability for hospitals, and enhancing the overall patient experience.
Corporate Comm India (CCI Newswire)
