VC Fund Investments
Healthtech co Flashaid attracts $2.5 M led by Piper Serica, SOSV
Mumbai-headquartered healthcare and insurtech firm Flashaid has raised USD 2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and SOSV. Z21 Ventures Fund and ZNL Growth Fund also participated in this round. The proceeds will be used for growth and expansion to six new cities.Founded by Manoj Gupta and Gunjali Kothari, Flashaid, formerly known as EasyAspataal, is building an API (Application Programming Interface)-first health cover to make health insurance affordable and accessible to common people. It is developing a distinctive channel for retail health plan distribution via a B2B2C platform.Over the last year, the firm claims to have partnered with over 20 platforms to distribute 30,000 health covers. It also claims to be profitable at the EBITDA level. Currently, it has an ARR (annual run rate) of USD 1 million.
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