About CarePal Group
CarePal Group is a Financial Services company based in Mumbai (India) founded in 2014 by Khushboo Jain, Piyush Jain, and Vikas Kaul. Healthcare financing is integrated via crowdfunding, lending, and assurance marketplaces. CarePal Group has raised $18.8 million across 8 funding rounds from investors including Sony, 360 One and HealthQuad. The company has 623 employees. CarePal Group was last valued at $4.98 million in March 2020. Its chief executive, as recorded, is Piyush Jain. Its Indian entity Impact Guru Technology Ventures Private Limited reported revenue of ₹104 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include GMoney, Arogya Finance and Uno Finance; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Employees 623
- Founders Khushboo Jain, Piyush Jain, Vikas Kaul
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website carepalgroup.com
- Social LinkedIn
- Legal Name Impact Guru Technology Ventures Private Limited
- Date of Incorporation 29 Jan, 2015
- Annual Revenue₹104 Cr
FY 2025 · +4% YoY
- Net Loss-₹24.20 Cr
FY 2025 · -23% margin
- EBITDA-₹23.06 Cr
FY 2025 · -22% margin
- Total Equity Funding$18.8M (USD)
in 8 rounds
- Latest Funding Round$1.51M (USD), Series B
Feb 2025
- InvestorsSony
& 48 more
- Employee Count623
Associated legal entities of CarePal Group
CarePal Group operates through Impact Guru Technology Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Impact Guru Technology Ventures Private Limited CIN U74900DL2015PTC409015 | Active | 29 Jan 2015 | New Delhi, Delhi | ₹104 Cr | 614 | 6 | View details |
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 $18.8M
- Total Rounds 8
- Last Round Series B — $1.51M
- First Round $368,674
(Sep 2017)
- Investors Count 49
All 8 funding rounds of CarePal Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2025 | $1.51M | Series B | – | Merck Global Health Innovation Fund | – |
| Apr 2021 | $14.5M | Series B | – | Beyond Next Ventures, HealthQuad | – |
| Mar 2020 | $332,793 | Series A | $4.98M | Spotlight Jobs, RB Investments | – |
| Jun 2019 | $222,023 | Series A | – | Shorooq Partners | |
| Sep 2018 | $685,026 | Series A | – | And Advisors, 360 One | |
| Apr 2018 | $1.18M | Series A | – | Apoorva Ashok Kumar Patni | |
| Mar 2018 | Seed | – | Alta | – | |
| Sep 2017 | $368,674 | Seed | $2.62M | RB Investments |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2020 | $4.98M | •••••••• |
| Sep 2017 | $2.62M | •••••••• |
Last known valuation $4.98M (Mar 2020). 49 investors in total: 16 institutional and 33 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Deep-tech investments and incubation services are provided for researchers and entrepreneurs addressing global challenges. | 2014 | beyondnextventures.com | Tokyo, Japan | |
Healthcare investment fund focused on innovation and social impact in India. | 2016 | healthquad.in | Delhi, India | |
Multiple sectors are invested in by this private equity firm. | Singapore, Singapore | |||
Early-stage investments in tech companies are made by Shorooq Partners. | 2016 | shorooq.com | Abu Dhabi, United Arab Emirates | |
Private equity firm focused on multiple sectors | Mumbai, India | |||
Venture capital firm focused on early-stage companies | gauravsinghviventures.com | Surat, India | ||
Investments are made in multi-stage tech-focused startups. | rbworld.com | Singapore, Singapore | ||
Corporate-backed venture capital is focused on the life science sector. | merckghifund.com | |||
Consumer electronics and entertainment products are designed for global markets. | 1946 | sony.com | New York, United States | |
Diversified conglomerate operating across multiple sectors | 1980 | vabventures.in | Kolkata, India |
Investor details for CarePal Group
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Board of directors of Impact Guru Technology Ventures Private Limited (CarePal Group)
Impact Guru Technology Ventures Private Limited is the primary company behind CarePal Group. The board of Impact Guru Technology Ventures Private Limited currently have 6 directors; the longest-serving is Khushboo Jain, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Khushboo Jain DIN 06647717 | Director | 29 Jan 2015 | 11 yrs 9 mo | Impact Guru Technology Ventures Private Limited |
| Piyush Jain DIN 02246133 | Director | 20 May 2015 | 11 yrs 5 mo | Impact Guru Technology Ventures Private Limited |
| Manish Chhajed DIN 02549768 | Director | 31 Dec 2020 | 5 yrs 10 mo | Impact Guru Technology Ventures Private Limited |
| Ajay Mahipal DIN 06949940 | Nominee Director | 30 Sep 2021 | 5 yrs 1 mo | Impact Guru Technology Ventures Private Limited |
| Khai Lin Sng DIN 10060290 | Director | 18 Apr 2023 | 3 yrs 6 mo | Impact Guru Technology Ventures Private Limited |
| Ingo Weber DIN 10742395 | Director | 04 Sep 2024 | 2 yrs 2 mo | Impact Guru Technology Ventures Private Limited |
People of CarePal Group
3 people are tracked at CarePal Group (3 in leadership); the tracked headcount is 623.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
Vikas Kaul | Co-Founder & CPGO | Leadership |
Complete people profiles for CarePal Group
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Financials of CarePal Group
Figures of Impact Guru Technology Ventures Private Limited, the primary company behind CarePal Group, for FY 2025. Revenue was ₹104 Cr (+4% year on year). Net loss was -₹24.20 Cr (-23% margin). EBITDA was -₹23.06 Cr (-22% margin). Revenue has grown at a compounded annual rate of +4% over three years and +66% over five years.
- ₹104 CrRevenue · FY 2025 · +4% YoY
- -₹24.20 CrNet loss · -23% margin
- -₹23.06 CrEBITDA · -22% margin
- ₹1.26 CrPaid-up capital
- 614Employees (provident fund records)
- +4%Revenue CAGR, 3 years
- +66%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Impact Guru Technology Ventures Private Limited are on its company page.
Detailed financial statements for CarePal Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of CarePal Group
4 dated milestones of CarePal Group across 11 years, from founding to its latest funding, stage changes and deals.
- Founded CarePal Group is founded.
- Funding First funding round of $369K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $1.5M.
Competitors of CarePal Group
CarePal Group has 3 listed competitors in our database, 2 of them funded. They include GMoney, Arogya Finance and Uno Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gmoney.loans | 2019 | Mumbai, India | $845,282 | 125 | Financial services for healthcare providers and patients are offered. | |
| arogyafinance.com | 2011 | Mumbai, India | $988,463 | Medical loans are extended to unbankable individuals and families. | ||
| unofinance.in | 2017 | Delhi, India | 39 | Healthcare loans are provided via an online marketplace for patients. |
Detailed competitors of CarePal Group
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Related news about 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 CEO of CarePal Group, as recorded in our data. 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. The company's 1st funding round was a Seed of $368.67K, raised on Sep 2017.
CarePal Group has 623 employees.
The primary company behind CarePal Group, Impact Guru Technology Ventures Private Limited, reported revenue of ₹104 Cr for FY 2025, up 4% year on year.
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 Uno Finance.
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.
CarePal Group operates through Impact Guru Technology Ventures Private Limited.
The legal entities of CarePal Group currently have 6 directors, including Ajay Mahipal, Khai Lin Sng, Khushboo Jain and others.