HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group

HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care

money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding
BS Reporter Mumbai
2 min read Last Updated : Aug 26 2022 | 12:57 AM IST
HealthAssure, India’s leading healthtech company aggregating primary health care services and OPD insurance, raises Rs 50 crore in a Pre-Series B funding round led by the Rajiv Dadlani Group and saw participation from Blume Ventures, Leo Capital, a US-based impact fund, reputed Family Offices and High Networth Individuals.

The company intends to deploy these funds into enhancing their product, strengthening distribution, sharpening their OPD insurance network and investing in futuristic primary healthcare technology.

HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by ‘productizing’ the largest HMO ecosystem of primary care. 

Also Read: Gig work platform Awign raises $15 mn in funding round for expansion

Varun Gera – Founder & CEO said, “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.”

Rajiv Dadlani, from the Family Office of the Rajiv Dadlani Group, said “Varun and the HealthAssure team, have a strong pedigree and rich experience and having built a strong foundation, they are well poised to be a leading brand in the Healthtech and Insuretech industry. We are very excited to partner as long-term investors, and support them in their journey.”

HealthAssure has been the first-to-market to launch innovative insurance-underwritten OPD products, has a large existing business portfolio and doubled its revenues Y-o-Y. The company has raised Rs 22 crore so far, through its previous funding rounds and more recently also acquired fitness start-up FitMeIn.

Since 2011, the company has serviced more than 3 Million customers and has several lines of businesses serving most insurers in the market from LIC, SBI Life to Niva Bupa, Care Insurance and ICICI Prudential and more for their primary care needs, providing Employee Health Benefits, to some of the leading Corporates like GE, Deloitte, Deutsche Bank, Pearsons and more and finally, designing ‘First-in-Market’ OPD insurance for individual customers.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :StartuphealthcareHealth crisisDeutsche BankICICI PrudentialFundraisingfundingsfund raisingBlume VenturesInsurance marketing firmsSBI Life

Next Story