InsurTech startup ClaimBuddy collects pre-Series A

ClaimBuddy, which is based in India, has reportedly raised $3m in its pre-Series A funding round.

Chiratae Ventures and Rebright Partners co-led the round, according to a report from Mint. Other investors include Titan Capital, Relentless Ventures and others.

Over the past year, the company claims to have experienced a ten-times growth.

ClaimBuddy was designed to help hospitals and patients streamline health insurance claim processes.

It works by a user sharing their claim details with Claim Buddies representatives at a respective hospital desk. An advisor will then assist the person on the eligibility of the claim, as well as help with filing the claim.

Speaking on the investment, Chiratae Ventures Ranjith Menon executive director told Mint, “This investment is driven from a challenging personal experience. A friend needed almost 10 hours after receiving the discharge summary to actually get discharged from the hospital.

“This is not an uncommon experience for patients despite choosing empanelled hospitals. Claimbuddy’s combination of technology and process can enhance the patient experience multifold, at the same time making the workflow efficient across all stakeholders.”

Earlier in the year, India-based Perfio reached a $2bn valuation after the close of a $70m Series C round. The company builds customised solutions for data aggregation and analytics to improve real-time decisioning for businesses

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