Mumbai-based HealthAssure, a health-tech platform, has raised U$ 2.5 million (over Rs 17 crore) in series A round of funding led by Blume Ventures. With this, the startup has so far raised US$4 million in funding to date
HealthAssure will use the funds to augment its platform, create sharper products that serve various primary care needs more effectively including insurance OPD products, build better data capabilities leveraging artificial intelligence and machine learning, and strengthen distribution.
“We plan to accelerate our business through both organic and inorganic routes. We are looking at acquisitions in areas of nutrition fitness analytics,” said HealthAssure founder and CEO Varun Gera .
The company is also looking at strengthening its operations further in Dubai and establishing presence in another international market next year.
Founded in 2011, by Varun Gera, former CEO of United Healthcare, HealthAssure provides access to 4,500 primary care centres across 1,100 cities and connects insurers and corporates through its platform.
HealthAssure is currently clocking annual revenue run rate of Rs 70-80 crore. The company plans to expand operations within India to about 1,500 cities, Gera said.
“We have extended services to more than 1.5 million customers and our aim is to serve millions more in the coming year,” he said.