Care.fi Raises $8 Mn to Scale AI-Powered Hospital Revenue Infrastructure

With fresh capital, Care.fi plans to expand into additional Indian cities and accelerate its international footprint across the United States and the Middle East.

Care.fi, a Gurugram-based healthcare fintech, has secured $8 Mn in Series A funding to expand its AI-powered hospital revenue cycle management platform, strengthen its financial offerings, and grow its presence across India and select international markets.

The round comprises $5 Mn in equity led by July Ventures, with participation from Peak XV Partners, Accion Ventures, and Sadev Ventures, along with $3 Mn in debt financing from Trifecta and Vivriti.

“This capital allows us to deepen our focus on making healthcare revenue operations seamless and invisible for hospitals. Doctors and care teams should not spend time navigating paperwork, approvals, or delayed payments. We are building an AI-first healthcare operating system that manages revenue end-to-end, so hospitals can focus on patient outcomes while patients experience care with confidence and dignity,” said Vikrant Agrawal, Co-founder of Care.fi.

Founded in 2021 by Sidak Singh and Vikrant Agrawal, Care.fi operates at the intersection of healthcare and fintech, focusing on one of the sector’s most persistent challenges, delayed and unpredictable hospital revenue.

In FY25, Indian insurers settled more than 32.6 million health insurance claims with payouts exceeding INR 94,000 Cr. Parallelly, over 36.9 crore Ayushman Bharat cards have been issued, significantly expanding access to cashless hospital care.

While this has improved patient access, it has also intensified administrative burdens for hospitals, making revenue cycle efficiency a critical operational requirement.

Care.fi addresses this gap through its AI-driven platform, which integrates documentation, medical coding, claims processing, and collections into a single system. Its technology is deployed across Ayushman Bharat and multiple government and private insurance schemes, enabling hospitals to manage insurance-led discharges and settlements at scale.

Sidak Singh, Co-founder of Care.fi, said, “Healthcare delivery in India is scaling faster than the financial rails that support it. When millions of claims move through fragmented systems, even small inefficiencies create significant stress for hospitals and patients. We are building Care.fi as the underlying revenue infrastructure for insurance-led healthcare, one that delivers speed, clarity, and trust to every discharge and settlement. This funding enables us to scale responsibly in India and globally.”

The company also operates a non-banking financial company arm that provides working capital, invoice discounting, and supply chain financing to help hospitals maintain stable cash flows despite reimbursement delays.

The funding follows steady growth for the company, which has reported over 10% year-on-year growth in assets under management and expanded its workforce to more than 250 employees.

Recently, Care.fi acquired discharge automation platform Aldun to streamline hospital exits further. Following the integration, patient waiting time after final billing has been reduced from several hours to around 10 minutes, with plans to scale monthly discharges from 10,000 to nearly 1 lakh.

With fresh capital, Care.fi plans to expand into additional Indian cities and accelerate its international footprint across the United States and the Middle East.

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