ClaimBuddy is a health insurance claim assistance platform that simplifies the claims process by enabling cashless, hassle-free experiences for patients and hospitals. Founded in 2020 and based in Gurugram, the company says it has processed claims for over 35,000 patients valued at more than Rs 500 crore and has collaborations with 250+ partner hospitals across India. The startup addresses delays in discharge and reimbursement under the reimbursement mode and acts as a healthcare-financing and claim facilitation tool. It plans to use new funding to advance its technology, expand its team and sales network, and add new product lines for its growing hospital network. Management also intends to introduce innovative financial tools and scale operations to improve patient access to quality care. The company is backed by investors including Chiratae Ventures and Rebright Partners. ClaimBuddy is a healthtech startup that provides digital infrastructure to hospitals for patient health insurance claims. It acts as a one-stop solution for insurance claims processing by leveraging technology and strong operations, and offers tech and financing solutions to hospitals and doctors. The company says its offerings improve operational and financial efficiency by at least 30% while improving patient experience. ClaimBuddy has processed claims of more than 100 crores and is working with 120+ hospitals. Founded by IIM‑Bangalore alumni, the startup has witnessed 10x growth over the past year. It plans to use the $3M to strengthen its technology framework and increase sales and marketing efforts. ClaimBuddy, operated by Claimbuddy Technologies Pvt Ltd, provides a platform where medical claim specialists evaluate insurance to resolve queries and provide coverage assistance. The service targets pain points in the claims process for hospitals and patients, aiming to reduce delays, deductions, and rejections. The startup says it has processed claims worth over Rs 15 crore across more than 50 partner hospitals in Delhi‑NCR, Bengaluru, and Mumbai. ClaimBuddy highlights that over 90% of Indian hospitals are individually owned and often lack the technology and domain expertise to manage insurance efficiently. The company will use the capital from its seed round to expand across India and to enhance its technological infrastructure. It was set up by founders Khet Singh and Ajit Patel.

Total raised

$8M

Funding rounds

3

Latest round

Series A

Latest activity

Apr 2024