The company will be utilising the newly acquired pre-seed capital to bolster its technology, talent acquisition, and overall business operations and growth
Bengaluru-based insurance-tech startup Healspan has raised Rs 1.2 crore in a recently-concluded pre-seed funding round led by startup community-builder and accelerator PedalStart.
While this marks the first institutional fundraising round for Healspan since its inception in 2022, the startup has, through its strategic fundraising endeavors, raised total funding of Rs 1.7 crore till date.
Healspan has already helped 60+ hospitals pan-India in seamlessly managing the documentation, queries, processing, and other key aspects relating to cashless health insurance claims. The company will be utilising the newly acquired pre-seed capital to bolster its technology, talent acquisition, and overall business operations and growth. Furthermore, the funds raised through this round shall play an instrumental role in growing and scaling Healspan’s clientele, and in boosting their subscriptions and revenue.
Speaking about the latest fundraise, Sabarinath U and Abhi Sinha, Co-Founders of Healspan said, “We are thrilled to announce our pre-seed fundraise led by PedalStart – an exciting milestone in Healspan’s journey of empowering our users across the country to experience efficient and hassle-free claims management. The funds raised will enable us to make significant product and tech-related enhancements and upgrades, especially in terms of optimising the front-end of our flagship software, and shall further enable us to onboard the right talent, including core team members, so that we can focus on growing sustainably and profitably while increasing our clientele and impact. From the long-term perspective, it steers us in the right direction towards realising our mission of making healthcare administration effortless via automating and streamlining claims management using SaaS technology. Going ahead, we at Healspan remain committed to ensuring that our software reaches to and benefits maximum hospitals and tertiary healthcare centers across India”.