FlashAid Raises $2.5 Million Funding In Pre-Series A Round Led By Piper Serica Angel Fund, SOSV

The fund will be utilised for growth and expansion to six new cities; it expects to hit $10 million in ARR in two years.

Source: Business Outlook

Health care and insurtech company Flashaid has raised $2.5 million in a pre-Series A funding round led by the Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors—Z21 Ventures Fund and ZNLGrowth Fund—participated in this round. Flashaid plans to use the fresh funds for growth and to expand to six new cities.

Founded by Manoj Gupta and Gunjali Kothari, Flashaid is working on tie-ups with insurance companies to tailor-make products and partner with e-commerce platforms and brands to distribute insurance to their users. The company offers a full-stack health solution with proprietary pre-underwritten products, open APIs, and embedded solutions.

“With an expected 30 per cent surge in digital platform adoption by 2030, a significant opportunity emerges to align the ecosystem towards providing scalable solutions that promote health equity in India. We’re actively embracing this digital evolution through our API-centric strategy, which resonates with the shifting behaviors of customers in the process of purchasing and accessing healthcare services,” said Gunjali Kothari, Co-Founder at Flashaid.

Read full article: https://business.outlookindia.com/corporate/flashaid-raises-25-million-funding-in-pre-series-a-round-led-by-piper-serica-angel-fund-sosv

Get weekly insights

Join 2,000+ others who receive our weekly newsletter

Please enable JavaScript in your browser to complete this form.