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.

Freepik

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 Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Starting a Business

Solopreneurs Are Quietly Building 6 to 7 Figure Empires — Here's How

Today's solopreneurs are building profitable, purpose-driven six — and seven-figure businesses. But this is not a fallback plan — it's an intentional lifestyle choice.

Business News

These 3 Professions Are Most Likely to Vanish in the Next 20 Years Due to AI, According to a New Report

More than 1,000 AI experts think these are the jobs that AI will soon replace.

Business Process

Why Smart Entrepreneurs Let AI Do the Heavy Business Lifting

How modern entrepreneurs are using AI to save time, boost sales and win customer loyalty — without breaking the bank.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.