HealthCRED Lands $1.2M Seed Funding for Expansion and Innovation

HealthCRED, an India-based B2B healthcare financing startup, has secured $1.2 million in seed funding. This round was spearheaded by Antler India, TRTL VC, DeVC, iSeedVC, and Angel List India.

• Company Overview: Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED focuses on providing financing solutions for the healthcare sector.

• Strategic Use of Funds: The capital will be used to expand operations to Southern and Western India, enhance B2B loan systems, and recruit new talent.

• Growth Ambitions: HealthCRED aims to disburse over $1 billion in the next five years by leveraging digital platforms and alternative data for underwriting.

• Founder’s Insight: Shrey Jain emphasizes the company's goal to stabilize cash flow cycles for hospitals dealing with delayed insurance receivables to improve patient care.

HealthCRED is set to transform healthcare financing by addressing crucial gaps in capital access and claims management, positioning itself as a key player in the industry.