RevX has provided Rs 6 crore in debt funding to Care.fi, a fintech startup with a focus on healthcare.
With over 550 million beneficiaries and more than 29,000 empanelled hospitals as of June 2024, the Ayushman Bharat scheme will be strengthened with the help of the proceeds.
Market research indicates that government spending on healthcare has increased to 1.84% of GDP, bolstering programs such as AB-PMJAY.
Care.fi, which was founded by Sidak Singh and Vikrant Agrawal, offers healthcare providers tech-enabled financial solutions.
Within two years of its founding, the startup says it has obtained an NBFC license and disbursed more than Rs 800 crore to over 100 hospitals.
As the program gets more centralized, Care.fi intends to leverage its experience in backend operations to facilitate quicker claim settlements and enhance hospital cash flow management.
