# Affordplan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/affordplan

- Industry: Healthcare
- Headquarters: New Delhi, India
- Website: www.affordplan.com
- Total disclosed funding: $12M
- Latest round: Series B (Mar 29, 2018)
- Investors on record: 7

## About

Affordplan is a healthcare financial service that enables families in India to manage medical expenses through innovative products like the Swasth card, facilitating access to affordable healthcare.Founded in 2015, Affordplan operates in New Delhi, India, offering healthcare financing solutions through the Swasth card. This product aims to reduce healthcare costs for families by allowing them to access benefits at over 100 hospitals in 33 cities. The company has completed 5 deals with its most recent deal occurring on September 29, 2023, during its Series B funding round, raising INR 94.270 mn, which aligns with the total amount raised of INR 94.270 mn. The current company valuation stands at INR 4,230.592 mn. The CEO, Aditya Sharma, plays a significant role in steering the company's strategic initiatives.Affordplan® offers a unique healthcare financial solution primarily through its flagship product, the Swasth card, designed to reduce healthcare costs for families across India. The Swasth card allows users to access benefits at over 100 hospitals in 33 cities, enabling collaborative healthcare services for family members and friends. This platform integrates financial innovation with healthcare, providing services such as insurance coverage, wellness offers from leading brands, and free medicine delivery. The primary customer base consists of families in need of accessible and affordable healthcare solutions, while healthcare providers also benefit by improving patient outcomes and engagement.In 2023, Affordplan generated revenue of INR 1,076,643 with an EBITDA of INR -2,285,674.7. The company generates revenue through partnerships with hospitals and direct consumer transactions facilitated by the Swasth card, which allows users to manage their medical expenses efficiently, benefiting from savings on hospital bills and related services. The transaction structure is primarily B2C, with individuals using the card for medical payments at partner hospitals, creating a seamless financial solution for patients.In September 2023, Affordplan’s CEO along with individual investors acquired a 100% stake in the company for an undisclosed amount. The company plans to expand its product offerings with new features being designed for the Swasth card aimed at enhancing user experience. Additionally, Affordplan is targeting expansion into new geographic regions in India, with plans to reach several cities by the end of 2024. The recent funding will be utilized to support these product developments and geographic expansions, strengthening their position in the healthcare financing sector.

## Funding rounds

- Series B, Mar 29, 2018, $8.6M — Lok Capital, Kalaari Capital, SeaBright Capital, Prime Venture Partners, Omidyar Network
- Series A, Nov 16, 2016, $3M — Prime Ventures, Kalaari Capital, SeaBright Capital
- Seed, Feb 5, 2016, $0.5M — Kalaari Capital, Kstart Capital

## Investors

- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Seed, Series A, Series B
- Kstart Capital — Seed
- Prime Ventures — Series A
- SeaBright Capital (https://capitalatlas.ai/funds/seabright-capital) — Series A, Series B
- Lok Capital (https://capitalatlas.ai/funds/lok-capital) — Series B
- Prime Venture Partners (https://capitalatlas.ai/funds/prime-venture-partners) — Series B
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series B