- HealthCRED secures $1.2 million in seed funding, co-led by Antler India, TRTL VC, and iSeedVC.
- HealthCRED aims to ease cash flow stress in healthcare by providing early financing for delayed insurance receivables.
B2B healthcare financing startup HealthCRED has secured $1.2 million in seed funding, with venture capital firms Antler India, TRTL VC, and iSeedVC co-leading the round.
Institutional investors like DeVC and AngelList India along with Angel investors, such as Internet and Mobile Association of India (IAMAI) President Subho Ray and Uni Cards CEO Nitin Gupta, were part of the funding round.
The company plans to use the new funds to strengthen customer relationships and expand operations into southern and western regions of the country.
Additionally, it aims to hire new talent and develop a SaaS platform for B2B loan onboarding and management systems.
Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED claims to offer comprehensive financing solutions at a low cost for partners in the healthcare sector.
“With the rapid penetration of health insurance in the post-COVID scenario, there has been increased working capital management stress for hospitals and health service providers (HSPs). The key factor is the delay associated with the realization of insurance receivables,” said Shrey Jain, co-founder and CEO, HealthCRED.
Jain also stated that the company is working to stabilize cash flow cycles by providing early financing for delayed receivables.
Moreover, the company has partnered with hospitals, specialized healthcare service providers in nephrology, oncology, and diagnostics, as well as insurers and supply chain partners in pharmaceuticals and consumables.
Edited by Harshajit Sarmah
