India’s fastest-growing health technology platform providing preventive care, medical expertise, and other digital healthcare services, Alyve Health, has raised $5.5 in a series A funding round to expand and enhance healthcare coverage for millions of patients in India.
Co-founded by Shashank Avadhani, Sushant Roy, and Vineet Mehta, the startup’s latest financing round was led by Axilor Ventures, with significant contributions from an existing investor 1Crowd Fund, and a healthcare-focused fund InHealth Ventures.
The startup also secured a venture debt fund from India’s leading alternate financing platform as part of the financing round.
Alyve’s health platform covers diverse healthcare journeys with multiple plans for diagnostics, medicine purchases, doctor consultations, dental procedures, gym memberships, and proactive well-being.
All these plans provide unparalleled coverage, a cashless experience, and personalized plans that simplify the digital healthcare experience for its members.
Alyve Health’s Tech-backed Platform
Alyve Health platform seamlessly integrates with other essential platforms, including providers (diagnostic centers, clinics, fitness studios), intermediaries (financial institutions, brokers, digital platforms), and payers such as insurers and TPAs.
The seamless integration provides tailor-made solutions to diverse groups of users—channel partners, employees, and customers.
According to Shashank Avadhani, Co-founder & CEO at Alyve Health, the new funding will be vital in the company’s efforts to shape the future of health plans.
