Care.fi Raises $8 Million Series A to Expand AI Powered Healthcare Revenue Platform

Building an AI First Healthcare Operating System

Founded in 2021 by Vikrant Agrawal and Sidak Singh, the Gurugram based startup operates an AI powered healthcare operating system designed to streamline hospital revenue operations.

Its platform helps hospitals manage documentation, medical coding, claims processing and collections. By automating complex workflows, Care.fi aims to reduce administrative burden on hospital teams and improve cash flow visibility.

The company also operates an NBFC arm that provides working capital loans, supply chain financing, receivables financing and invoice discounting. Through partnerships with financial institutions, it enables hospitals to access timely liquidity.

Solving Delays in Claim Settlements

As cashless healthcare expands under government and private insurance schemes such as Ayushman Bharat and ESI, hospitals face rising claim volumes and compliance complexity.

Care.fi addresses this challenge by facilitating upfront claim disbursement in as little as 10 minutes. This significantly reduces the waiting period for hospitals that often struggle with delayed reimbursements.

The company recently acquired Bengaluru based discharge automation platform Aldun to further streamline hospital workflows. It aims to reduce discharge waiting time after final billing from hours to around 10 minutes and scale automated discharges from 10000 to nearly 1 lakh per month.

Expansion Plans Across India and Overseas

With the new funding, Care.fi plans to expand into additional Indian cities and accelerate international growth across the United States and the Middle East.

The company states that it has grown its assets under management by more than 10 percent year on year as it supports hospitals navigating increasing operational complexity.

As healthcare systems digitize and insurance coverage widens, revenue cycle efficiency is emerging as a critical infrastructure layer. Care.fi is positioning itself as a key enabler in that transformation.