Get All Access for $5/mo

Alyve Health Bags USD 5.5 Mn in Series A Round With the raised capital, the Mumbai-based health-tech startup aims to grow initiatives across key areas like platform enhancement, talent acquisition, expansion of operations, amplification of services, and higher member engagement.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Mumbai-based health-tech startup Alyve Health has secured Series A funding of USD 5.5 million. The funding was led by Axilor Ventures and saw participation from existing investor 1Crowd Fund and a healthcare-focused fund, Inhealth Ventures. Additionally, the company raised venture debt from Trifecta Capital as part of this round.

In April 2022, Alyve Health secured USD 900,000 in seed funding from Axilor Ventures and 1Crowd Fund.

The money raised will go toward strategic growth projects in several important domains, including talent acquisition, platform improvement, operational expansion, service amplification, and increased member involvement.

Alyve Health CEO and Co-founder Shashank Avadhani said, "This investment empowers us to continue innovating on our product and technology. We are privileged to play a significant role in shaping the future of health plans."

"This funding will enable us to further fortify our platform and enhance our data, security, and AI capabilities," added Vineet Mehta, co-founder and CTO of Alyve Health.

The Mumbai-based health-tech startup, founded in 2020 by Shashank Avadhani, Sushant Roy, and Vineet Mehta, offers comprehensive health plans that integrate services such as doctor consultations, diagnostics, medicine purchases, insurance, dental procedures, and gym memberships—all accessible through a single platform.

According to the startup, the platform is easily integrated with payers (insurers, TPAs), intermediaries (brokers, financial institutions, digital platforms), and providers (clinics, diagnostic centers, fitness studios).

The company claims that it presently serves over 1 million people and offers customized solutions to a variety of groups, including employees, consumers, and channel partners.

Business News

How to Be a Billionaire By 25, According to a College Dropout Turned CEO Worth $1.6 Billion

Austin Russell became the world's youngest self-made billionaire in 2020 at age 25.

Starting a Business

3 Things to Consider Before Your Perfect Business Partner Becomes Your Perfect Disaster

There are many reasons for start-up businesses' high failure rate, including lack of cash, not doing enough research and poor marketing. But this one reason is definitely not getting enough attention.


Taylor Swift Has a Lucky Number. And She's Not the Only High Performer Who Leans Into Superstitions to Boost Confidence.

Even megastars like Swift need a little extra something to get them in the right mindset when it is game time.

Buying / Investing in Business

I'm a VC With Over 50 Startup Investments. Here Are the 4 Secrets to Securing Funding for Your Ventures.

Investor relationships are crucial in most businesses, but navigating them is no walk in the park. These insider tips from a former founder and current venture capitalist reveal how entrepreneurs can tap into the investor mindset and masterfully manage investor relations.


SEO Trends You Need to Be Aware of Right Now, According to a Seasoned Pro

Navigate the future of search engine optimization to elevate your online presence and drive meaningful engagement.