HealthCRED, a New Delhi, India-based B2B healthcare financing startup, raised USD 1.2M in Seed funding.
The round was led by Antler India, TRTL VC, DeVC, iSeedVC and Angel List India with participation from angel investors including Dr. Subho Ray (President, IAMAI), Nitin Gupta (CEO, Uni Cards), Amit Lakhotia (CEO, ParkPlus) and founders of InsuranceDekho and SEA-based Docquity.
The company intends to use the funds to enhance customer relationships and expand operations to the Southern and Western parts of the country. It will also be used to hire talent and develop B2B loan onboarding and loan management systems, creating an end-to-end digitised B2B healthcare lending framework.
Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED provides comprehensive, and adaptable financing solutions tailored for the healthcare sector. Its collaborative approach involves partnering with hospitals, specialised healthcare service providers (HSPs across nephrology, oncology, and diagnostics), insurers, and pharmaceutical and consumable supply chain partners to deliver intelligent and efficient financing solutions.
The company aims to disburse over USD 1 Billion over the next 5 years through digital means, basis alternate data driven underwriting.
FinSMEs
12/08/2024