ClaimBuddy has recently closed its Series A funding round, securing $5 million. The investment is led by Bharat Innovation Fund (BIF), with additional participation from Japanese fund CAC Capital, alongside existing investors Chiratae Ventures and Rebright Partners.
Established in 2020 by Khet Singh Rajpurohit and Ajit Patel, ClaimBuddy is designed to streamline the health insurance claim process. It addresses the critical challenges faced by patients and hospitals, enhancing the efficiency and experience of medical claims.
The funds will be used for advancing ClaimBuddy’s technology, enlarging its team, expanding its sales network, and introducing new product lines.
Speaking about the investment, Khet Singh Rajpurohit, CEO, ClaimBuddy, said, “Our vision for ClaimBuddy has always been to alleviate the burden on both patients and hospitals in navigating complexities of healthcare expenses and health insurance claims. With this significant investment, we are well-positioned to introduce innovative financial tools and scale our operations and continue driving meaningful impact in the healthcare industry.”