your password has been reset successfully, Please login again.

HealthAssure Receives INR17.15 Crore Blume Ventures 

The company will use the funds to boost its data capabilities by leveraging artificial intelligence and machine learning tools and create new products, Health Assure said in its statement.
BY BEx Bureau
BusinessEx
Jul 10, 2019

HealthAssure Pvt. Ltd proclaimed that the company has raised INR 17.15 crore from early-stage VC, Blume Ventures in Series A round, according to a media report.

The company will use the funds to boost its data capabilities by leveraging artificial intelligence and machine learning tools and create new products, Health Assure said in its statement, as reported by daily news, VC Circle.

HealthAsuure was initiated in 2011 by Varun Gera. Currently, the company has partnered with clinics, laboratories, doctors, hospitals and insurance firms to provide healthcare plans for corporate personnel. It proclaims to have a nexus of over 4,000 primary care centres in 1,000 cities.

In pre-Series A funding round, the startup has received an investment of $1 million from PE firm, The HR Fund. Earlier on, it has raised money from investors, which are counted as serial entrepreneurs, namely Rajul Garg.

Prior to establishing HealthAssure, Varun Gera served as CEO of UnitedHealthcare India. Furthermore, he worked in ICICI Bank and GE Money.

In the last few months, health-industry has become an important topic owing to massive deals made in it









Please add your Comment
SIMILAR News
July 20, 2019
Reliance Brands, a division of Reliance Industries, has acquired the British toy retailing firm, Ham ...More
By Jaspreet Kaur
July 20, 2019
The acquired plant is presently producing 2.1 million bags of intravenous infusions every month.  ...More
By Jaspreet Kaur
July 19, 2019
Singapore-based travel company, Travelstop has obtained INR 20.66 Crore in a pre-Series A round, whi ...More
By Jaspreet Kaur
July 19, 2019
The companies said in a statement, “they have also reached an agreement that will make eBay inventor ...More
By Jaspreet Kaur
July 18, 2019
Software company, Ebix Inc. proclaimed to have signed a concord to buy Yatra Online Inc. in a transa ...More
By Jaspreet Kaur
July 18, 2019
Delhi-based Procol will use the funding to scale its procurement platform and begin deploying other ...More
By Jaspreet Kaur
July 17, 2019
As per the concord, Cipla will invest around INR 164 crore in the joint venture for 4 years, said th ...More
By Jaspreet Kaur
July 17, 2019
Valberg has made INR 3 crore investment in the agri-marketing company, which is a part of $90 millio ...More
By Jaspreet Kaur
July 16, 2019
The VC firm, Unicorn will search for startup companies in various sectors like fin-tech, robotics, g ...More
By Jaspreet Kaur
July 16, 2019
Ecozen essentially creates products which are targeted at farmers in order to help them grow yields, ...More
By Jaspreet Kaur
July 15, 2019
Indian student housing firm, Stanza Living has proclaimed to have received funds in Series C round, ...More
By Jaspreet Kaur
July 15, 2019
Temasek Holdings decides to increase its foothold in India in the offing as it wants to utilize oppo ...More
By Jaspreet Kaur