Insurtech Startup ClaimBuddy raised $3 Mn In Pre-Series
- ByStartupStory | March 1, 2022
Insurtech startup ClaimBuddy has raised $3 Mn (INR 21 Cr) in a Pre-Series A round of investment, co-led by Chiratae Ventures and Rebright Partners. Existing investors Titan Capital and Relentless Ventures also participated in the funding round. The 19 selected startups ranged from a slew of sectors ranging from consumer tech, SaaS, deeptech and healthtech. Add to that, ClaimBuddy is an insurtech startup that offers digital infrastructure to hospitals for their patients’ health insurance claims.
Founded in June 2020 by Khet Singh and Ajit Patel, the startup claims to be a one-stop solution for insurance claims’ processing by leveraging technology and strong operations.According to ClaimBuddy, it further offers tech and financing solutions to hospitals and doctors that improves their operational and financial efficiency by at least 30% with an improved patient experience. Meanwhile, many healthtech startups have received funding in the past few months with some becoming unicorns.
Gurugram-based Pristyn Care raised $96 Mn in its Series E round from Sequoia Capital, Tiger Global, Winter Capital, Eriq Capital, among others in December last year. Its valuation reached $1.4 Bn with the finding roundIn January this year, Mumbai-based AI-driven healthcare startup Heaps Health raised $7.45 Mn in its Series A round of funding. Further, another healthtech startup Proactive For Her raised $5.5 Mn in Series A funding on 16 February 2022. In the given pandemic situation, the healthtech market size in India is expected to reach $21.3 Bn by 2025 from $6.8 Bn in 2020, growing at a CAGR of 25.65%.
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