About Carepay
Carepay is a Financial Services company based in Gurugram (India) founded in 2022 by Nupur Khandelwal and Gaurav Gupta. Developer of a healthcare loans lending platform. Carepay has raised $1.24 million across 4 funding rounds from investors including Powerhouse Ventures, Bro138 and Investopad. Its Indian entity Carecoin Technologies Private Limited reported revenue of ₹28.5 Lakh. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include GMoney, CarePal Group and Arogya Finance; 3 of its 3 listed competitors have raised funding.
Company details
Carepay was founded in 2022 in Gurugram, India, within the fintech sector focused on healthcare financing. A lending platform is operated to provide healthcare loans funded from the companys own balance sheet, alongside payment management tools. EMI plan oversight, e-commerce integrations, and health service aggregation are also facilitated for users across the region.
- Headquarters Gurugram, India
- Founders Nupur Khandelwal, Gaurav Gupta
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website carepay.money
- Social LinkedIn
- Legal Name Carecoin Technologies Private Limited
- Date of Incorporation 13 Dec, 2022
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹28.5 Lakh
FY 2025 · +131% YoY
- Net Loss-₹3.09 Cr
FY 2025 · -1083% margin
- EBITDA-₹3.09 Cr
FY 2025 · -1083% margin
- Total Equity Funding$1.24M (USD)
in 4 rounds
- Latest Funding Round$328.68K (USD), Seed
Feb 2026
- InvestorsPowerhouse Ventures
& 23 more
Associated legal entities of Carepay
Carepay operates through Carecoin Technologies 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 |
|---|---|---|---|---|---|---|---|
| Carecoin Technologies Private Limited CIN U72900DL2022PTC408255 | Active | 13 Dec 2022 | New Delhi, Delhi | ₹0.3 Cr | 31 | 2 | View details |
Funding Insights of Carepay
Carepay has successfully raised a total of $1.24M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $328.68 thousand completed in February 2026. 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 $1.24M
- Total Rounds 4
- Last Round Seed — $328,678
- First Round $38,993
(Jun 2023)
- Investors Count 24
All 4 funding rounds of Carepay 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 2026 | $328,678 | Seed | – | – | |
| May 2025 | $22,612 | Seed | – | Dinesh Gulati | |
| Aug 2023 | $850,000 | Seed | – | – | |
| Jun 2023 | $38,993 | Seed | – | Apex Group | – |
23 investors in total: 8 institutional and 15 angel.
Investors in Carepay
Carepay has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Powerhouse Ventures, Bro138 and Investopad.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage investments | powerhouseventures.com | Singapore, Singapore | ||
Bro138 is recognized as a trusted online slot platform in Indonesia. | gsfaccelerator.com | Delhi, India | ||
Startups are funded and accelerated by Investopad's venture capital programs. | investopad.com | Delhi, India | ||
Early-stage fintech startups receive investments from 77 Capital. | 77.capital | |||
| venturegarage.in | ||||
Untitled Group is recognized as Australia's largest independent music and events company. | untitledgroup.com.au | Melbourne, Australia | ||
| sincapital.com | ||||
| apexgroup.com | ||||
DG Dinesh Gulati | unknown_f340b13b402847488 | |||
CS Chhaya Sawhney | unknown_16d5b8cdc5414c4ca |
Investor details for Carepay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Carecoin Technologies Private Limited (Carepay)
Carecoin Technologies Private Limited is the primary company behind Carepay. The board of Carecoin Technologies Private Limited currently have 2 directors; the longest-serving is Gaurav Gupta, appointed in 2023. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Gupta DIN 03297490 | Director | 10 Feb 2023 | 3 yrs 8 mo | Carecoin Technologies Private Limited |
| Nupur Khandelwal DIN 08393518 | Director | 10 Feb 2023 | 3 yrs 8 mo | Carecoin Technologies Private Limited |
People of Carepay
2 people are tracked at Carepay (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Carepay
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Financials of Carepay
Figures of Carecoin Technologies Private Limited, the primary company behind Carepay, for FY 2025. Revenue was ₹28.5 Lakh (+131% year on year). Net loss was -₹3.09 Cr (-1083% margin). EBITDA was -₹3.09 Cr (-1083% margin).
- ₹28.5 LakhRevenue · FY 2025 · +131% YoY
- -₹3.09 CrNet loss · -1083% margin
- -₹3.09 CrEBITDA · -1083% margin
- ₹1 LakhPaid-up capital
- 31Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Carecoin Technologies Private Limited are on its company page.
Detailed financial statements for Carepay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Carepay
3 dated milestones of Carepay across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Carepay is founded.
- Funding First funding round of $39K.
- Funding Latest funding round, Seed, of $329K.
Competitors of Carepay
Carepay has 3 listed competitors in our database, 3 of them funded. They include GMoney, CarePal Group and Arogya 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. | |
| carepalgroup.com | 2014 | Mumbai, India | $17.29M | 623 | Healthcare financing is integrated via crowdfunding, lending, and assurance marketplaces. | |
| arogyafinance.com | 2011 | Mumbai, India | $988,463 | Medical loans are extended to unbankable individuals and families. |
Detailed competitors of Carepay
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Verified entity values are shown only after access is granted.
Web traffic of Carepay
The website of Carepay (carepay.money) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 42.7% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Carepay (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Carepay
Complete news archive for Carepay
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Frequently Asked Questions about Carepay
Carepay was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Carepay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Carepay is a funded company, having raised a total of $1.24M across 4 funding rounds to date. The company's 1st funding round was a Seed of $38.99K, raised on Jun 2023.
The primary company behind Carepay, Carecoin Technologies Private Limited, reported revenue of ₹28.5 Lakh for FY 2025, up 131% year on year.
Carepay was founded in 2022 in Gurugram, India, within the fintech sector focused on healthcare financing. A lending platform is operated to provide healthcare loans funded from the companys own balance sheet, alongside payment management tools. EMI plan oversight, e-commerce integrations, and health service aggregation are also facilitated for users across the region.
Carepay's top competitors include CarePal Group, GMoney and Arogya Finance.
Carepay has 23 investors. Key investors include Powerhouse Ventures, Bro138, Investopad, 77 Capital, and Untitled Group.
Carepay operates through Carecoin Technologies Private Limited.
The legal entities of Carepay currently have 2 directors, including Gaurav Gupta, Nupur Khandelwal.