Gurugram, 11th February 2026: Care.fi, a healthcare-focused fintech building an AI-powered revenue cycle management infrastructure for hospitals, has raised $8 million in a Series A round. The funding includes $5 million in equity led by July Ventures, with participation from Peak XV Partners, Accion Ventures, and Sadev Ventures, and $3 million in debt financing from Trifecta and Vivriti.
India’s healthcare system is entering a decade of scale. In FY25 alone, general and health insurers settled over 32.6 million health insurance claims, with payouts exceeding ₹94,000 crore. Alongside this, more than 36.9 crore Ayushman Bharat cards have been issued, dramatically expanding access to cashless care. As coverage widens across government and private schemes, hospitals are grappling with rising claim volumes, tighter compliance requirements, and increasing expectations for faster, more predictable settlement cycles.
Care.fi is building infrastructure for this new reality. Its AI-driven platform helps hospitals manage documentation, coding, claims processing, and collections at scale, while its NBFC arm provides working capital solutions that enable predictable cash flows. Today, Care.fi’s systems are deployed across Ayushman Bharat and multiple large government and private insurance programs, supporting hospitals as operational complexity continues to rise.
The newly raised capital will be used to expand operations into additional Indian cities, accelerate international expansion across the United States and the Middle East, and further invest in product development for its AI-powered healthcare operating system.
“This capital allows us to go deeper on our core mission: making healthcare revenue operations seamless and invisible for hospitals,” said Vikrant Agrawal, Co-founder of Care.fi. “Doctors and care teams should not be spending time navigating paperwork, approvals, or delayed payments. We are building an AI-first healthcare operating system that takes care of revenue end-to-end, so hospitals can focus on patient outcomes, and patients can experience care with confidence and dignity.”
The fundraise follows a period of sustained growth for Care.fi, marked by over 10% year-on-year growth in assets under management and expansion of its team to more than 250 employees, strengthening support for hospital partners amid rising claim volumes and faster turnaround expectations. Recently, Care.fi has also acquired Aldun to make hospital discharge faster and less stressful for patients and their families, reducing waiting time after the final bill from hours to just 10 minutes. Together, they aim to scale from 10,000 to nearly 1 lakh discharges per month, helping patients return home sooner and ensuring a smoother end to the hospital journey.
“Healthcare delivery in India is scaling faster than the financial rails that support it,” said Sidak Singh, Co-founder of Care.fi. “When millions of claims move through fragmented systems, even small inefficiencies compound into real stress for hospitals and patients. We’re building Care.fi to be the underlying revenue infrastructure for insurance-led healthcare—one that brings speed, clarity, and trust to every discharge and every settlement. This capital lets us scale that infrastructure responsibly, in India and beyond.”
“At July Ventures, we back scalable, category-defining digital platforms,” said a spokesperson from July Ventures. “Carefi’s tech-led RCM platform tackles one of healthcare’s hardest problems, i.e. hospital cash-flow. By compressing billing cycles, improving collections, and unlocking working capital for providers, Carefi is building a future-proof digital infrastructure coupled with finance. The team’s depth, clarity of vision, and consistent execution further reinforced our conviction in backing them at this stage.”
Mohit Bhatnagar, Managing Director at Peak XV Partners, said, “Getting discharged, with Insurance, from a large Indian hospital can be tedious and lengthy. Care.fi’s instant discharge solution demonstrates how innovation and trust come together to create world-class customer experiences.”
According to Rahil Rangwala, Managing Partner at Accion Ventures: “India’s hospitals face chronic cashflow challenges due to delayed insurance reimbursements, often putting patient care at risk. Care.fi seeks to tackle this head-on with an AI-driven platform that turns messy clinical and financial data into actionable insights, enabling faster claims and smarter financing. By combining intelligent automation with embedded credit solutions, Care.fi is not just solving today’s liquidity pain, it’s aiming to build the infrastructure for a more resilient, tech-enabled healthcare ecosystem across emerging markets.”
Care.fi’s long-term ambition is to become a global, end-to-end healthcare revenue cycle management platform, built from India for the world. By unifying documentation, claims, collections, and financing into a single intelligent system, the company aims to redefine how hospitals manage revenue while improving transparency and comfort for patients across insurance programs.
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About Care.fi
Founded in 2021 by Vikrant Agrawal and Sidak Singh, Care.fi is a healthcare-focused fintech platform addressing critical funding gaps for healthcare providers in India. The platform enables upfront claim disbursement in as little as 10 minutes, helping hospitals and clinics overcome delays in revenue realization. Care.fi offers claim and supply financing across government and insurance-backed schemes, including ESI and Ayushman Bharat. Powered by cloud-based technology, Care.fi supports the financial resilience and digital transformation of healthcare SMEs.
About July Ventures
July Ventures is a SEBI-approved venture capital fund backing high-potential B2B, enterprise, asset-light and digital platform startups. We combine capital with deep operating expertise and strong ecosystem access, working closely with founders through focused portfolios that enable genuine partner-level engagement. Our hands-on, business first model helps companies scale efficiently, prepare for follow-on capital or strategic exits. As successful entrepreneurs, the partners team up with the founders to build durable, category-defining businesses delivering long-term value well beyond the cheque.
About Peak XV Partners
Peak XV Partners (formerly Sequoia Capital India & SEA) is a leading venture capital firm investing across India, Southeast Asia and beyond. Over the last 20 years of operations in the region, Peak XV has grown to manage over USD 10 billion in capital across 16 funds and has invested in over 400 companies. The portfolio has seen over 35 IPOs and several successful M&As to date. To know more, please visit www.peakxv.com.
About Accion Ventures
Accion Ventures is an investment strategy that today pursues early-stage investments as part of Accion Impact Management. Accion Ventures deploys capital into early-stage fintech startups that operate in countries worldwide. Investments managed by Accion Ventures have shown that early-stage companies can be highly impactful and have delivered multiple exits. More at https://www.accion.org/ventures