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. 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
- Founders Khet Singh Rajpurohit, Ajit Patel
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website claimbuddy.in
- Social LinkedIn X Facebook
- Legal Name Claimbuddy Technologies Private Limited
- Date of Incorporation 12 Aug, 2020
- Jurisdiction Haryana, India
- Annual Revenue₹14.60 Cr
FY 2025 · +63% YoY
- Net Profit₹46.1 Lakh
FY 2025 · 3% margin
- EBITDA₹60.5 Lakh
FY 2025 · 4% margin
- Total Equity Funding$8.24M (USD)
in 3 rounds
- Latest Funding Round$5M (USD), Series A
Apr 2024
- InvestorsAngel List
& 39 more
- Employee Count64
Associated legal entities of ClaimBuddy
ClaimBuddy operates through Claimbuddy 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 |
|---|---|---|---|---|---|---|---|
| Claimbuddy Technologies Private Limited CIN U74995HR2020PTC088290 | Active | 12 Aug 2020 | – | ₹14.6 Cr | 64 | 3 | View details |
Products & Services of ClaimBuddy
ClaimBuddy offers a comprehensive portfolio of products and services, including Claim Assistance Service and One Stop Solution.
Helps file and manage health insurance claims for maximum benefits.
Streamlines insurance claim processes for hospitals and patients.
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 $8.24M
- Total Rounds 3
- Last Round Series A — $5M
- First Round $238,095
(Jan 2021)
- Investors Count 40
All 3 funding rounds of ClaimBuddy 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 |
|---|---|---|---|---|---|
| Apr 2024 | $5M | Series A | – | Bharat Innovation Fund, Rebright Partners | |
| Jan 2022 | $3M | Seed | $12.85M | Rebright Partners, Chiratae Ventures | |
| Jan 2021 | $238,095 | Seed | $1.14M | Titan Capital, First Cheque |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $12.85M | •••••••• |
| Jan 2021 | $1.14M | •••••••• |
Last known valuation $12.85M (Jan 2022). 40 investors in total: 13 institutional and 27 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Funding for IP-driven deep-tech and digitization-led inclusive solutions. | 2017 | bharat.fund | Ahmedabad, India | |
- | – | cac.capital | - | |
Venture capital fund focused on seed-stage startups | – | chiratae.com | Bengaluru, India | |
Early-stage venture capital firm focusing on Asia regions. | 2008 | rebrightpartners.com | - | |
- | – | merisisvp.com | - | |
Venture capital firm offering funding and mentorship to early-stage startups. | – | relentless.ventures | Bengaluru, India | |
Investments are made in early-stage companies by Titan Capital. | – | titancapital.vc | Gurugram, India | |
Venture capital investments are directed toward eCommerce and diverse sectors. | – | planbinnovationlabs.tcc.mode | Seattle, United States | |
Early-stage investment and support services for startups in technology and e-commerce sectors. | 2018 | firstcheque.vc | Mumbai, India | |
Boutique investment bank focused on middle market | 2010 | merisisadvisors.com | Mumbai, India |
Investor details for ClaimBuddy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Claimbuddy Technologies Private Limited (ClaimBuddy)
Claimbuddy Technologies Private Limited is the primary company behind ClaimBuddy. The board of Claimbuddy Technologies Private Limited currently have 3 directors; the longest-serving is Ajit Kumar Patel, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajit Kumar Patel DIN 08831743 | Director | 12 Aug 2020 | 6 yrs 1 mo | Claimbuddy Technologies Private Limited |
| Khet Singh DIN 08893895 | Director | 21 Sep 2020 | 6 yrs | Claimbuddy Technologies Private Limited |
| Ashwin Raguraman DIN 00879680 | Nominee Director | 22 Jul 2024 | 2 yrs 2 mo | Claimbuddy Technologies Private Limited |
People of ClaimBuddy
14 people are tracked at ClaimBuddy (4 in leadership, 10 in team); the tracked headcount is 64.
| Name | Role | Group |
|---|---|---|
Khet Singh Rajpurohit | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Shantanu Mainali | Head Of Operations - Karnataka | Leadership |
Naresh Pahariya | Tech Head | Leadership |
Mohd Arman Ali | Operations Manager | Team |
Shubham Jat | Assistant Manager | Team |
Minku Shukla | TPA Executive In Claim Buddy | Team |
Rishabh Singh | Claim Manager | Team |
Harshit Chauhan | Sr. Executive | Team |
Ayush Pandey | Associate Software Engineer | Team |
Sushil Gangurde | Operations Manager | Team |
Rishabh Kumar | TPA | Team |
Sampat Nikam | Operations Manager | Team |
Lokendra Singh | Claims Specialist | Team |
Complete people profiles for ClaimBuddy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ClaimBuddy
Figures of Claimbuddy Technologies Private Limited, the primary company behind ClaimBuddy, for FY 2025. Revenue was ₹14.60 Cr (+63% year on year). Net profit was ₹46.1 Lakh (3% margin). EBITDA was ₹60.5 Lakh (4% margin). Revenue has grown at a compounded annual rate of +63% over three years.
- ₹14.60 CrRevenue · FY 2025 · +63% YoY
- ₹46.1 LakhNet profit · 3% margin
- ₹60.5 LakhEBITDA · 4% margin
- ₹6.6 LakhPaid-up capital
- 64Employees (provident fund records)
- +63%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Claimbuddy Technologies Private Limited are on its company page.
Detailed financial statements for ClaimBuddy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of ClaimBuddy
4 dated milestones of ClaimBuddy across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ClaimBuddy is founded.
- Funding First funding round of $238K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $5.0M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vitraya.com | 2019 | Delhi, India | $12.83M | 71 | Automated claims adjudication and settlement are provided for healthcare. | |
| bimagarage.com | 2018 | Thane, India | $874,988 | 89 | Health insurance claims support solutions for insurance holders, hospitals, and insurance agents | |
| claimtherapist.com | 2019 | Gurugram, India | $367,592 | 58 | Health insurance claims management is provided online. | |
| claimkar.com | 2013 | Ahmedabad, India | – | – | Provider of insurance claim processing and documentation services | |
| instic.ai | 2020 | Pune, India | – | – | Provides AI-based solutions for managing health insurance claims efficiently. | |
| easeclaim.com | 2023 | Gurugram, India | – | – | Provides a streamlined health insurance claim processing solution for individuals. |
Detailed competitors of ClaimBuddy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of ClaimBuddy
The website of ClaimBuddy (claimbuddy.in) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 3.2% vs previous month
Websites whose visitors overlap most with ClaimBuddy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bharat.fund | 100% | 1.8K | #7,785,013 | View details |
Latest news on Claimbuddy
Complete news archive for ClaimBuddy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to ClaimBuddy
10 companies that operate in the same segment as ClaimBuddy (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 466.54 M | USD 1.12 B | 4,530 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 643.86 M | USD 615.2 M | 1,240 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.2 B | – | – | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 478 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,400 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | – | – | |
Provider of protection plans and repair services for gadgets and appliances | 2011 | Mumbai, Maharashtra, India | USD 53.15 M | USD 35.77 M | 336 |
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Frequently Asked Questions about ClaimBuddy
ClaimBuddy was founded in 2020 and raised its 1st funding round 1 year after it was founded.
ClaimBuddy is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
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 2021.
ClaimBuddy has 64 employees.
The primary company behind ClaimBuddy, Claimbuddy Technologies Private Limited, reported revenue of ₹14.60 Cr for FY 2025, up 63% year on year.
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.
ClaimBuddy's top competitors include Vitraya, Bima Garage and ClaimTherapist.
ClaimBuddy offers Claim Assistance Service and One Stop Solution.
ClaimBuddy has 40 investors. Key investors include Angel List, LetsVenture, Bharat Fund, Merisis Advisors, and First Cheque.
The valuation of ClaimBuddy is $12.85M as of Jan 2022.
ClaimBuddy operates through Claimbuddy Technologies Private Limited.
The legal entities of ClaimBuddy currently have 3 directors, including Ashwin Raguraman, Khet Singh, Ajit Kumar Patel.