Healthcare-focused fintech startup Care.fi has raised Rs 7.5 crore in debt funding from Vivriti Capital, further strengthening its financial position to optimize hospital revenue cycles. This latest funding adds to its previous rounds, where the company secured Rs 8 crore in debt from Wint Wealth (Ambium Finserve) and Caspian, along with $2.5 million (~Rs 21 crore) in debt from Trifecta Capital and UC Inclusive Credit. In total, Care.fi has raised approximately Rs 29 crore to date.
The Gurugram-based company, co-founded in 2021 by Sidak Singh and Vikrant Agarwal, is focused on streamlining hospital revenue management through its AI-powered Revenue Cycle Management (RCM) platform, RevNow. The newly acquired funds will be used to expand RevNow’s reach and enhance its capabilities to accelerate insurance claim settlements.
Solving Insurance Claim Bottlenecks for Hospitals
Hospitals often face delayed discharges, revenue leakages, and operational inefficiencies due to complex insurance claim processes. Care.fi’s RevNow platform aims to solve these challenges by ensuring hospitals receive payments within 3–5 days post-discharge, compared to traditional timelines that can extend for weeks. The platform also enables 30-minute patient discharges by automating final billing and approvals, significantly cutting down wait times.
Key Features of RevNow:
- Automated billing & approvals to fast-track discharges
- Real-time query notifications & automated responses for claim settlements
- Integrated mailing services for seamless communication
- Cash flow reconciliation at entity, unit, and claim levels for better financial visibility
“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,” said Sidak Singh, co-founder of Care.fi.
Growth and Future Expansion
Currently, Care.fi processes over Rs 800 crore in claims across 300+ hospitals, auditing more than 50,000 claims. The company plans to enhance RevNow’s integration with hospital information systems (HIS), electronic health records (EHR), and billing platforms to further streamline revenue management for healthcare providers.
With the growing demand for faster and more transparent hospital reimbursements, Care.fi aims to continue innovating and solidifying its position as a leader in healthcare-focused financial technology.
