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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People of CarePal Group
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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.
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.
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Deep-tech investments and incubation services are provided for researchers and entrepreneurs addressing global challenges.
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Healthcare investment fund focused on innovation and social impact in India.
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Multiple sectors are invested in by this private equity firm.
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Investor details for CarePal Group
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Investments & Acquisitions by CarePal Group
Investment portfolio details for CarePal Group
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Financial Statements - CarePal Group
Detailed financials for CarePal Group
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Carepal Group Comparisons
Peer comparison for CarePal Group
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Financial services for healthcare providers and patients are offered.
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Medical loans are extended to unbankable individuals and families.
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Healthcare loans are provided via an online marketplace for patients.
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Multiple installment payment options for healthcare are offered.
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Healthcare plans with medical loans and benefits are provided.
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Detailed competitors of CarePal Group
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Latest news on Carepal Group
Complete news archive for CarePal Group
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Frequently Asked Questions about CarePal Group
CarePal Group was founded in 2014 and raised its 1st funding round 3 years after it was founded.
CarePal Group is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Piyush Jain is the current CEO of CarePal Group. They have also founded this company.
CarePal Group is a funded company, having raised a total of $18.8M across 8 funding rounds to date.
As of Jul 31, 2025, the latest employee count at CarePal Group is 623.
Annual revenue of CarePal Group is $12.06M as on Mar 31, 2024.
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.
CarePal Group's top competitors include GMoney, Arogya Finance and Zenifi.
CarePal Group has 49 investors. Key investors include Sony, 360 One, HealthQuad, Beyond Next Ventures, and Shorooq Partners.
The valuation of CarePal Group is $4.98M as of Mar 2020.