# Plus Health Tech Ventures Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/plus-health-tech-ventures-private

- Industry: Healthcare IT
- Headquarters: Bangalore, India
- Website: www.ayu.health
- Total disclosed funding: $33M
- Latest round: Series B (Jul 29, 2022)
- Investors on record: 9

## About

Based in India, Plus Health Tech Ventures Private Limited is a health technology company that simplifies health insurance processes for hospitals and patients through innovative digital solutions.Founded in 2019 in Bangalore, India, Plus Health Tech Ventures Private Limited specializes in health technology solutions. The company has executed a total of 6 deals, with the latest funding round being a Series B that raised INR 388.620 mn from investors Bennett Coleman & Co. and Paramark Ventures, bringing the total amount raised to INR 388.620 mn and a current company valuation of INR 9534.985 mn. The co-founders include Anushtha Jain, Arjit Gupta, Himesh Joshi, and Karan Gupta, with Himesh Joshi serving as CEO.Ayu Health offers a technology-enabled platform that simplifies health insurance for hospitals and patients, featuring an online portal for quick claim submissions and real-time tracking. Automation tools enhance the claims processing experience, reducing manual tasks and expediting approvals. Targeting hospitals across India, Ayu Health aims to improve operational efficiency and working capital while providing a cashless experience for patients, even at non-network hospitals. The client base includes over 150 hospitals and more than 20,000 patients, addressing challenges in claims submissions and patient satisfaction.In 2023, Ayu Health reported a revenue of INR 1,408,415.20, with an EBITDA of -INR 10,406,917.20. The company operates a B2B model, partnering with hospitals to enhance claims processing efficiency, which in turn helps improve revenue realization and cash flow for its clients.Plus Health Tech Ventures Private Limited plans to leverage recent funding from Sattva Ventures to expand its offerings and enhance its market presence. The company is working on developing new products aimed at improving the health insurance claims process. Additionally, Ayu Health aims to explore opportunities for expansion into new markets within India and potentially beyond, enhancing its service offerings and client reach.

## Funding rounds

- Series B, Jul 29, 2022, $4.9M — Bennett Coleman & Co., Paramark Ventures
- Series B, Apr 28, 2022, $21M — Vertex Ventures Southeast Asia & India, 57 Stars, Stellaris Venture Partners, Capier Investments, The Fundamentum Partnership, Alteria Capital, Waao Partners
- Series A, May 20, 2021, $5.3M — Vertex Ventures Southeast Asia & India, Stellaris Venture Partners, Alteria Capital
- Seed, Jan 10, 2020, $1.2M — Stellaris Venture Partners

## Investors

- Stellaris Venture Partners (https://capitalatlas.ai/funds/stellaris-venture-partners) — Seed, Series A, Series B
- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Series A, Series B
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series A, Series B
- 57 Stars (https://capitalatlas.ai/funds/57-stars) — Series B
- Capier Investments (https://capitalatlas.ai/funds/capier-investments) — Series B
- The Fundamentum Partnership (https://capitalatlas.ai/funds/the-fundamentum-partnership) — Series B
- Waao Partners — Series B
- Bennett Coleman & Co. — Series B
- Paramark Ventures (https://capitalatlas.ai/funds/paramark-ventures) — Series B