HealthAssure raises over Rs 17 crore in Series A funding led by Blume Ventures

HealthAssure will use the funds to augment its platform, create sharper products that serve the various primary care needs more effectively including insurance OPD products, build better data capabilities leveraging artificial intelligence and machine learning, and strengthen distribution, HealthAssure founder and CEO Varun Gera told.

New Delhi: HealthAssure, a health-tech platform, Tuesday said it has raised USD 2.5 million (over Rs 17 crore) in funding led by Blume Ventures.

With the latest series A round, the company has so far raised USD 4 million in funding.

HealthAssure will use the funds to augment its platform, create sharper products that serve the various primary care needs more effectively including insurance OPD products, build better data capabilities leveraging artificial intelligence and machine learning, and strengthen distribution, HealthAssure founder and CEO Varun Gera told.

He, however, declined to comment on the valuation of the company.

"We plan to accelerate our business through both organic and inorganic routes. We are looking at acquisitions in areas of nutrition fitness analytics," he said.

Also Read: HealthAssure raises Rs 6.5 crore from The HR Fund

The company is also looking at strengthening its operations further in Dubai and establishing the presence in another international market next year.

Previously, HealthAssure had received pre-series A funding by HR Fund.

Started in 2011, 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.

Also Read: HealthAssure to invest 15 million dollars to strengthen business