Gurugram Fintech Care.fi Raises $8M to Simplify Hospital Billing with AI

• Care.fi, a 5-year-old Gurugram fintech startup, secured $8 million in Series A funding.
• The funding includes $5 million in equity from July Ventures, Peak XV Partners, Accion Ventures, and Sadev Ventures, plus $3 million in debt from Trifecta and Vivriti.
• Capital will be used for expansion into more Indian cities, international growth in the US and Middle East, and AI-powered product development.
• Care.fi's AI platform streamlines hospital documentation, coding, claims processing, and collections, supporting Ayushman Bharat and other insurance programs.
• The company aims to make healthcare revenue operations seamless, allowing hospitals to focus on patient outcomes amidst rising claim volumes and compliance.