Get All Access for $5/mo

HealthAssure Raises INR 500 Million In Pre-Series B Funding The fund raised will be used to enhance the product, strengthen distribution, sharpen their OPD insurance network and invest in futuristic primary healthcare technology

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

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

Company handout

HealthAssure, a healthtech company aggregating primary health care services and OPD insurance, has raised INR 500 million in a pre-Series B funding round led by Rajiv Dadlani Group. The round also saw participation from Blume Ventures, Leo Capital, reputed family offices and marquee investors. The fund raised will be used to enhance the product, strengthen distribution, sharpen their OPD insurance network and invest in futuristic primary healthcare technology.

"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, capitalize on the opportunity and solidify our leadership position in the market. We would like to thank our newest backers and Blume for being our fulfilling startup journey," said Varun Gera, founder and CEO, HealthAssure.

HealthAssure has been the first-to-market to launch innovative insurance-underwritten OPD products, has a large existing business portfolio and doubled its revenues on Y-o-Y basis. The platform is targeting a massive $40 billion OPD and insurance market in India by productizing the largest HMO ecosystem of primary care it has built over the 10 years across 1200 cities. They are also aiming to reach 10 times of its current revenue within the next 3 years, claimed by the company in a statement.

"We have tracked HealthAssure's impressive growth journey for a while. The HealthAssure team has 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," said Rajiv Dadlani, from the Family Office of Rajiv Dadlani Group.

HealthAssure is a primary healthcare aggregator with an objective to offer people all over the country, an easy access to some of the top health care facilities.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

Free Webinar | July 18: How to Design, Manufacture and Sell Your Product Idea

Join us for our webinar with Jordan Nathan, founder of the kitchenware brand Caraway. Jordan will share the strategies he used to develop, manufacture and sell his products that grew Caraway's annual revenue by over 500% in just 4 years. Register now!


Google New Gemini AI May Soon Power User To Customize Chatbots Based on Celebrities

The papers state that users can personalize these character-focused chatbots by drawing inspiration from their imaginations or by modeling them after famous people.

Growing a Business

How Businesses Can Thrive Without a Physical Office in Today's World

The benefits of transitioning to a fully remote work model

News and Trends

Indian AI Expenditure Is Expected To Touch $6 Billion in 2027: IDC Report

The report shared developing global and local trends and also highlighted India's potential to become a world leader in modern technologies such as Artificial Intelligence and GenAI

News and Trends

AI Health Innovator Cloudphysician Secures USD 10.5 Mn Led by Peak XV Partners

The Bengaluru-based health platform hopes to use the raised funds to improve its AI platform, RADAR, and to grow both domestically and globally by expanding its tech-driven solutions to over 5,000 hospitals.

Side Hustle

She Grew Her Side Hustle Sales From $0 to Over $6 Million in Just 6 Months — and an 'Old-School' Mindset Helped Her Do It

Cynthia Sakai, designer and founder of the luxury personal care company evolvetogether, felt compelled to help people during the pandemic.