About ClaimBuddy
ClaimBuddy is a company based in Gurugram (India) founded in 2020 by Khet Singh Rajpurohit and Ajit Patel.. ClaimBuddy has raised $8.24 million across 3 funding rounds from investors including Angel List, LetsVenture and Bharat Fund. The company has 64 employees as of April 06, 2024. ClaimBuddy offers products and services including Claim Assistance Service and One Stop Solution. ClaimBuddy operates in a competitive market with competitors including Vitraya, Bima Garage, ClaimTherapist, ClaimKar and Instic Technologies, among others.
- Headquarter Gurugram, India
- Employees 64 as on 06 Apr, 2024
- Founders Khet Singh Rajpurohit, Ajit Patel
- 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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- Legal Name Claimbuddy Technologies Private Limited
- Date of Incorporation 12 Aug, 2020
- Jurisdiction Sector -45, Haryana, India
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Annual Revenue
$738.86 K (USD)82.4as on Mar 31, 2023
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Net Profit
$-85.41 K (USD)-385.59as on Mar 31, 2023
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EBITDA
$-142.01 K (USD)-381.46as on Mar 31, 2023
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Total Equity Funding
$8.24 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series A
Apr 08, 2024
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Investors
Angel List
& 39 more
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Employee Count
64
as on Apr 06, 2024
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Products & Services of ClaimBuddy
ClaimBuddy offers a comprehensive portfolio of products and services, including Claim Assistance Service and One Stop Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Helps file and manage health insurance claims for maximum benefits.
Streamlines insurance claim processes for hospitals and patients.
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Funding Insights of ClaimBuddy
ClaimBuddy has successfully raised a total of $8.24M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in April 2024. 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 3
- Last Round Series A — $5.0M
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First Round
First Round
(11 Jan 2021)
- Investors Count 40
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - ClaimBuddy | Valuation | Bharat Innovation Fund , Rebright Partners | |
| Jan, 2022 | Amount | Seed - ClaimBuddy | Valuation | Rebright Partners , Chiratae Ventures | |
| Jan, 2021 | Amount | Seed - ClaimBuddy | Valuation | Titan Capital , First Cheque |
| 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 ClaimBuddy
ClaimBuddy has secured backing from 40 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, LetsVenture and Bharat Fund. 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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Funding for IP-driven deep-tech and digitization-led inclusive solutions.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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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 ClaimBuddy
| 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 - ClaimBuddy
| 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 |
Claimbuddy Comparisons
Competitors of ClaimBuddy
ClaimBuddy 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 Vitraya, Bima Garage, ClaimTherapist, ClaimKar and Instic Technologies, 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 |
Automated claims adjudication and settlement are provided for healthcare.
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| domain | founded_year | HQ Location |
Health insurance claims support solutions for insurance holders, hospitals, and insurance agents
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| domain | founded_year | HQ Location |
Health insurance claims management is provided online.
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| domain | founded_year | HQ Location |
Provider of insurance claim processing and documentation services
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| domain | founded_year | HQ Location |
Provides AI-based solutions for managing health insurance claims efficiently.
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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 Claimbuddy
Frequently Asked Questions about ClaimBuddy
When was ClaimBuddy founded?
ClaimBuddy was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is ClaimBuddy located?
ClaimBuddy is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is ClaimBuddy a funded company?
ClaimBuddy is a funded company, having raised a total of $8.24M across 3 funding rounds to date. The company's 1st funding round was a Seed of $238.1K, raised on Jan 11, 2021.
How many employees does ClaimBuddy have?
As of Apr 06, 2024, the latest employee count at ClaimBuddy is 64.
What is the annual revenue of ClaimBuddy?
Annual revenue of ClaimBuddy is $738.86K as on Mar 31, 2023.
What does ClaimBuddy do?
ClaimBuddy was founded in 2020 in Gurugram, India, within the health insurance sector. Digital infrastructure is supplied to hospitals for managing insurance claims efficiently. Assistance with health insurance claims is extended to both patients and healthcare providers. Operations focus on streamlining claim processes through a dedicated platform, supporting administrative tasks in the medical field across India.
Who are the top competitors of ClaimBuddy?
ClaimBuddy's top competitors include Vitraya, Bima Garage and ClaimTherapist.
What products or services does ClaimBuddy offer?
ClaimBuddy offers Claim Assistance Service and One Stop Solution.
Who are ClaimBuddy's investors?
ClaimBuddy has 40 investors. Key investors include Angel List, LetsVenture, Bharat Fund, Merisis Advisors, and First Cheque.
What is ClaimBuddy's valuation?
The valuation of ClaimBuddy is $12.85M as of Jan 2022.