About CarePal Group
CarePal Group is a company based in Mumbai (India) founded in 2014 by Khushboo Jain, Piyush Jain, and Vikas Kaul.. CarePal Group has raised $18.8 million across 8 funding rounds from investors including Sony, 360 One and HealthQuad. The company has 623 employees as of July 31, 2025. CarePal Group operates in a competitive market with competitors including GMoney, Arogya Finance, Uno Finance, Zenifi and AyushPay, among others.
- Headquarter Mumbai, India
- Employees 623 as on 31 Jul, 2025
- Founders Khushboo Jain, Piyush Jain, Vikas Kaul
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$12.06 M (USD)-11as on Mar 31, 2024
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Net Profit
$-2.94 M (USD)20as on Mar 31, 2024
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EBITDA
$-2.7 M (USD)21as on Mar 31, 2024
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Total Equity Funding
$18.8 M (USD)
in 8 rounds
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Latest Funding Round
$1.51 M (USD), Series B
Feb 15, 2025
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Investors
Sony
& 48 more
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Employee Count
623
as on Jul 31, 2025
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Funding Insights of CarePal Group
CarePal Group has successfully raised a total of $18.8M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $1.51 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $1.5M
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First Round
First Round
(29 Sep 2017)
- Investors Count 49
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series B - CarePal Group | Valuation | Merck Global Health Innovation Fund |
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| Apr, 2021 | Amount | Series B - CarePal Group | Valuation | Beyond Next Ventures , HealthQuad |
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| Mar, 2020 | Amount | Series A - CarePal Group | Valuation | Spotlight Jobs , RB Investments |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CarePal Group
CarePal Group has secured backing from 49 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Sony, 360 One and HealthQuad. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Deep-tech investments and incubation services are provided for researchers and entrepreneurs addressing global challenges.
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Founded Year | Domain | Location | |
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Healthcare investment fund focused on innovation and social impact in India.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CarePal Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CarePal Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carepal Group Comparisons
Competitors of CarePal Group
CarePal Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GMoney, Arogya Finance, Uno Finance, Zenifi and AyushPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial services for healthcare providers and patients are offered.
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| domain | founded_year | HQ Location |
Medical loans are extended to unbankable individuals and families.
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| domain | founded_year | HQ Location |
Healthcare loans are provided via an online marketplace for patients.
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| domain | founded_year | HQ Location |
Multiple installment payment options for healthcare are offered.
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| domain | founded_year | HQ Location |
Healthcare plans with medical loans and benefits are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carepal Group
Frequently Asked Questions about CarePal Group
When was CarePal Group founded?
CarePal Group was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is CarePal Group located?
CarePal Group is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of CarePal Group?
Piyush Jain is the current CEO of CarePal Group. They have also founded this company.
Is CarePal Group a funded company?
CarePal Group is a funded company, having raised a total of $18.8M across 8 funding rounds to date. The company's 1st funding round was a Series A of $332.79K, raised on Sep 29, 2017.
How many employees does CarePal Group have?
As of Jul 31, 2025, the latest employee count at CarePal Group is 623.
What is the annual revenue of CarePal Group?
Annual revenue of CarePal Group is $12.06M as on Mar 31, 2024.
What does CarePal Group do?
CarePal Group was founded in 2014 in Mumbai, India, within the healthcare financing sector. Integrated solutions are provided by the company to address patient funding needs, merging crowdfunding platforms with lending options and health assurance services. Operations focus on a technology-driven marketplace that links insurance and protection mechanisms, facilitating broader access to medical financing across India.
Who are the top competitors of CarePal Group?
CarePal Group's top competitors include GMoney, Arogya Finance and Zenifi.
Who are CarePal Group's investors?
CarePal Group has 49 investors. Key investors include Sony, 360 One, HealthQuad, Beyond Next Ventures, and Shorooq Partners.
What is CarePal Group's valuation?
The valuation of CarePal Group is $4.98M as of Mar 2020.