Alyve Health, a Mumbai, India-based health tech platform, raised $5.5M in funding.
The round was led by Axilor Ventures with participation from 1Crowd Fund, and Inhealth Ventures. The company also raised venture debt funding from Trifecta Capital as part of this round.
The company intends to use the funds for strategic growth initiatives across key areas like platform enhancement, talent acquisition, expansion of operations, amplification of services, and higher member engagement.
Founded in May 2020 by Shashank Avadhani, Sushant Roy, and Vineet Mehta, Alyve Health is a health-plan-tech platform that provides comprehensive healthcare services to individuals, employers, and other businesses. Alyve’s health plans cover multiple healthcare journeys like doctor consultations, diagnostics, medicine purchases, dental procedures, gym memberships, and proactive well-being. The platform is integrated with payers (insurers, TPAs), intermediaries (brokers, financial institutions, digital platforms), and providers (clinics, diagnostic centers, fitness studios), and provides tailored solutions to multiple groups – employees, customers, and channel partners – and currently serves over 1 million members. The mobile app and web portal provide members with Customised Health Plans, Outpatient Medical Care, Cashless Payments, 24/7 Doctor Consultations, Diagnostic Scans, Annual Health Check-Ups, Habit Coaching, Lifestyle Improvement, and Personalized programs.
FinSMEs
18/06/2024