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INDUSTRY FIRST

ClaimBuddy secured $5 million in Series A funding led by BIF (Bharat Innovation Fund) and CAC Capital to advance its technology and expand its services.

Apr 13, 2024•over 1 year ago

Amount Raised

$5 Million

Round Type

series a

Delhi

Investors

Rebright PartnersChiratae VenturesCac CapitalBif (Bharat Innovation Fund)

Description

ClaimBuddy, the health insurance claim assistance platform, successfully closed its Series A funding round, securing $5 million in investment. The funding was led by BIF (Bharat Innovation Fund) and saw participation from Japanese fund CAC Capital, as well as existing investors Chiratae Ventures and Rebright Partners. This investment will help ClaimBuddy advance its technology, expand its team and sales network, and add new product lines for its growing network of Hospitals.

Company Information

Company

Claim Buddy

Location

Delhi, Delhi, India

About

The company said it has processed claims worth more than Rs 100 crore and works with more than 120 hospitals. The startup raised an undisclosed sum in a funding round last year from Titan Capital and other investors.

FundzWatch™ Score

72
Medium Activity

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers