# Claimbuddy Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/claimbuddy-technologies-pvt

- Industry: Insurance
- Headquarters: Gurugram, India
- Website: www.claimbuddy.in/
- Total disclosed funding: $4.5M
- Latest round: Series A (Apr 8, 2024)
- Investors on record: 8

## About

Founded in 2020 and based in Haryana, India, Claimbuddy Technologies Pvt. Ltd. operates as a claim management platform designed for patients and hospitals' health insurance claim assistance. Ajit Patel and Khet Singh Rajpurohit are the co-founders of the company. In April 2024, Claimbuddy Technologies Pvt. Ltd. raised USD 5 million in series A funding led by the Bharat Innovation Fund, including CAC Capital, Chiratae Ventures, and Rebright Partners.

The company provides a platfrpm Claimbuddy that helps in managing insurance claims. The firm’s module involves coordination between hospitals, patients, and insurance providers. Patients can share their case details either in person with Claim Buddies stationed at hospital desks or via email. ClaimBuddy also provides expert assistance in assessing claim eligibility and compiling the requisite documentation for filing claims. This process is designed to maximize the claim amount owed to patients, ensuring they receive the financial support they are entitled to under their insurance policies. 

The organization plans to use the April 2024 funding to enhance its market position, expand its team and sales network, and introduce new product lines for its expanding hospital network.

## Funding rounds

- Series A, Apr 8, 2024, $4.3M — Chiratae Ventures, Rebright Partners, Bharat Innovation Fund, CAC CAPITAL, Merisis Venture Partners
- Seed, Jan 11, 2021, $0.2M — LVX, Titan Capital, First Cheque

## Investors

- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- Titan Capital — Seed
- First Cheque (https://capitalatlas.ai/funds/first-cheque) — Seed
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series A
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Series A
- Bharat Innovation Fund (https://capitalatlas.ai/funds/bharat-innovation-fund) — Series A
- CAC CAPITAL (https://capitalatlas.ai/funds/cac-capital) — Series A
- Merisis Venture Partners — Series A