# Vitraya Technologies Pvt.

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

- Industry: Healthcare IT
- Headquarters: Mohali, India
- Website: www.vitrayatech.com
- Total disclosed funding: $6.8M
- Latest round: Series A (Mar 2, 2023)
- Investors on record: 5

## About

Based in Punjab, India, and founded in 2019 by its CEO, Mrinal Sinha, Vitraya Technologies Pvt. Ltd. operates as a platform that offers automated, real-time payouts and claims settlement solutions. In January 2023, Vitraya Technologies Pvt. Ltd. raised USD 4.1 million in pre-series A funding from StartupXseed Ventures, including Cactus Capital, J&A, Mankind Group Family Office, Xceedance, and Season Two Ventures. In March 2023, Vitraya Technologies Pvt. Ltd. raised USD 5 million in Series A funding from StartupXseed Ventures, including Season Two Ventures, Cactus, Xceedance, and Mankind Pharma.

The company provides a healthcare insurance settlement platform that allows hospitals, healthcare providers, and insurers to settle claims in real time. The firm leverages artificial intelligence, smart contracts, and blockchain technologies to identify documents and forgeries for cost compliance solutions that protect insurers against fraudulent or excessive claims. The startup provides various benefits to policyholders, including rapid claim settlement, knowing the actual claim amount, and eliminating delays in the settlement procedure. Vitraya also offers healthcare technology solutions such as a web-based platform for automated contracting, a smart contract framework, and automated payments between insurers and dialysis chains.

The organization plans to use the March 2023 funding to hire employees, expand its global commercial development, and enhance its present technologies.

## Funding rounds

- Series A, Mar 2, 2023, $5M — StartupXseed Ventures, Season Two Ventures, Mankind Group Family Office, Xceedance, Cactus Partners
- Series A, Nov 30, 2021, $1.6M — Season Two Ventures
- Series A, Mar 17, 2020, $0.3M — Cactus Partners

## Investors

- Cactus Partners (https://capitalatlas.ai/funds/cactus-partners) — Series A
- Season Two Ventures (https://capitalatlas.ai/funds/season-two-ventures) — Series A
- StartupXseed Ventures (https://capitalatlas.ai/funds/startupxseed-ventures) — Series A
- Mankind Group Family Office — Series A
- Xceedance — Series A