HealthAssure raises Rs 50 cr in funding from Rajiv Dadlani Group, Blume Ventures

HealthAssure, a healthtech startup, on August 25, raised Rs 50 cr (approx $6.2 million) in a pre-series B funding round led by the Rajiv Dadlani Group, a group of angel investors. The round also saw participation from venture capital firm -Blume Ventures, a US-based impact fund - Leo Capital, family offices, and high-net-worth individuals.

The company, in a statement, said it intends to deploy these funds into enhancing its product, strengthening distribution, sharpening its outpatient department (OPD) insurance network, and investing in futuristic primary healthcare technology. HealthAssure also said it aims to clock 10 times its current revenue within the next three years.

Founded in 2011 by Varun Gera, HealthAssure is a healthtech startup aggregating primary health care services and OPD insurance and claims to have served more than three million customers.

“Raising our largest round yet in such difficult market conditions displays the confidence which our existing and new investors have in our unique business model and the potential of the large healthcare market ripe for disruption. This motivates us to build further on our assets, capitalise on the opportunity and solidify our leadership position in the market. We would like to thank our newest backers and Blume for being part of our fulfilling startup journey,” said Gera, who is also the chief executive officer (CEO) of HealthAssure.