About IHX
IHX is a Healthcare company based in Bengaluru (India) founded in 2009 by Ambuj Kashyap, Ajay Bakshi, Mayank Tiwari, Sanjay Kalra, and Mahesh Nagaraj, and was acquired by Perfios in April 2025. Cloud-based solutions for hospital claims and patient management are offered. IHX has raised $2.58 million across 1 funding round from investors including Perfios, Quik Solutions and Gaurav Deepak. The company has 130 employees. IHX was last valued at $45.13 million in June 2023. Its chief executive, as recorded, is Mahesh Nagaraj. Its website ihx.in draws about 401 thousand monthly visits. Its Indian entity Ihx Private Limited reported revenue of ₹27.29 Cr. Its focus areas include HealthTech, Healthcare Payer Tech, Claims Management and Diversified. Its competitors include Perfios and ABI Health; 2 of its 2 listed competitors have raised funding.
Company details
IHX was founded in 2009 in Bengaluru, India, within the healthcare technology sector. A cloud-based platform is provided to support claims management, in-patient and out-patient operations, marketing, inventory control, and revenue cycle processes for hospitals. These services are designed to streamline administrative functions in medical facilities across the region.
- Headquarters Bengaluru, India
- Employees 130
- Founders Ambuj Kashyap, Ajay Bakshi, Mayank Tiwari, Sanjay Kalra, Mahesh Nagaraj
- Stage Acquired
- SectorsHealthcare
- Website category Finance · Insurance
- Email••••••••
- Website ihx.in
- Social LinkedIn
- Acquired by Perfios (Apr 2025)
- Legal Name Ihx Private Limited
- Date of Incorporation 12 Sep, 2020
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of IHX
IHX operates through Ihx 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 |
|---|---|---|---|---|---|---|---|
| Ihx Private Limited CIN U72900KA2020PTC138527 | Active | 12 Sep 2020 | Bangalore, Karnataka | ₹27.3 Cr | 130 | 3 | View details |
Funding Insights of IHX
IHX has successfully raised a total of $2.58M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.58 million completed in June 2023. 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 $2.58M
- Total Rounds 1
- Last Round Seed — $2.58M
- First Round $2.58M
(Jun 2023)
- Investors Count 8
All 1 funding rounds of IHX 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 |
|---|---|---|---|---|---|
| Jun 2023 | $2.58M | Seed | $45.13M | Quik Solutions |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $45.13M | •••••••• |
Last known valuation $45.13M (Jun 2023). 9 investors in total: 4 institutional and 5 angel.
Investors in IHX
IHX has secured backing from 9 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Perfios, Quik Solutions and Gaurav Deepak.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early-stage tech startups | logxventurepartner.tcc.mode | |||
Delivers comprehensive enterprise software solutions for businesses. | 1992 | quicksolutions.co.in | Lucknow, India | |
| logxventurepartners.tcc.mode | ||||
Provides financial technology solutions for data analysis and verification globally. | 2008 | perfios.com | Bengaluru, India | |
GD Gaurav Deepak | Co-founder of Varthana, active angel investor in Indian startups | unknown_0d3e93e5f2e44b249 | ||
SB Sanjeev Bhalla | Angel investor, tech enthusiast, supporting Indian startups in SaaS and consumer tech. | unknown_b3d71b52649442e98 | ||
BS Balesh Sharma | Angel investor, ex-CEO of Vodafone Idea, telecom veteran | unknown_b818566c10ab4207b | ||
AG Ashish Gupta | Angel investor, tech veteran, ex-Helion Ventures, active in Indian startup ecosystem | unknown_77fb7e8f911b44ea9 | ||
SK Sanjay Kalra | Angel investor, ex-entrepreneur, focused on tech startups in India. | unknown_84b431d1252a4c829 |
Investor details for IHX
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 Ihx Private Limited (IHX)
Ihx Private Limited is the primary company behind IHX. The board of Ihx Private Limited currently have 3 directors; the longest-serving is Mahesh Nagarajiah, appointed in 2021. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahesh Nagarajiah DIN 07153195 | Director | 19 Mar 2021 | 5 yrs 7 mo | Ihx Private Limited |
| Prasad Kailash Krishnamorthy DIN 11079932 | Director | 29 Apr 2025 | 1 yr 5 mo | Ihx Private Limited |
| Sumit Nigam DIN 11080161 | Director | 29 Apr 2025 | 1 yr 5 mo | Ihx Private Limited |
People of IHX
32 people are tracked at IHX (16 in leadership, 16 in team); the tracked headcount is 130.
| Name | Role | Group |
|---|---|---|
Ambuj Kashyap | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Mayank Tiwari | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Mahesh Nagaraj | Co-Founder & CEO | Leadership |
| CEO | Leadership | |
Akash Balamurugan | Director- Provider Business | Leadership |
Sanjeev Balla | CTO | Leadership |
Kumar Ganesh | Senior Director & Head Of Growth – Provider Business At IHX (a Perfios Company) | Leadership |
Nikal Jain | Associate Director Engineering | Leadership |
Pravesh Rawat | Vice President Of Product Management | Leadership |
Suresh Kumar Subramani | Director | Leadership |
Swarnendu Chowdhury | Director | Leadership |
Ashish Jain | Chief Business Officer | Leadership |
Deepak Kumar | Director - Marketing | Leadership |
Sandeep Dixit | Director Of Engineering | Leadership |
Rohan George | Senior Software Engineer | Team |
Anirudh P. | Senior Software Engineer | Team |
Pranita Agrawal | Product Manager | Team |
Dr. Amardeep Gavit | Senior Product Manager | Team |
12 more people are available in the full profile.
Complete people profiles for IHX
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 IHX
Figures of Ihx Private Limited, the primary company behind IHX, for FY 2025. Revenue was ₹27.29 Cr (+85% year on year). Net loss was -₹40.53 Cr (-149% margin). EBITDA was -₹34.38 Cr (-126% margin). Revenue has grown at a compounded annual rate of +106% over three years.
- ₹27.29 CrRevenue · FY 2025 · +85% YoY
- -₹40.53 CrNet loss · -149% margin
- -₹34.38 CrEBITDA · -126% margin
- ₹1.73 CrPaid-up capital
- 130Employees (provident fund records)
- +106%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ihx Private Limited are on its company page.
Detailed financial statements for IHX
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of IHX
4 dated milestones of IHX across 16 years, from founding to its latest funding, stage changes and deals.
- Founded IHX is founded.
- Funding First funding round of $2.6M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Perfios.
Competitors of IHX
IHX has 2 listed competitors in our database, 2 of them funded. They include Perfios and ABI Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | Provides financial technology solutions for data analysis and verification globally. | ||
| abi-health.com | 2013 | Bengaluru, India | $16.18M | 82 | AI-driven solutions for healthcare operations are provided. |
Detailed competitors of IHX
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 IHX
The website of IHX (ihx.in) receives about 400.6K visits a month and ranks #116,046 among all websites worldwide, #7,291 in Insurance.
- Monthly visits400.6K
▲ 11.7% vs previous month
- Unique visitors28.5K
per month
- Global rank#116,046
among all websites
- Category rank#7,291
Finance · Insurance
- Bounce rate21%
- Pages per visit6.7
- Average visit11 min 17 sec
- DevicesDesktop 91% · Mobile 9%
Websites whose visitors overlap most with IHX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| healthindiatpa.com | 100% | 106.7K | #416,909 | View details | |
| medibuddy.in | 90% | 1.4M | #38,660 | View details | |
| fhpl.net | 88% | 193.1K | #227,588 | View details | |
heritagehealthtpa.in | heritagehealthtpa.in | 87% | – | ||
| mediassisttpa.in | 86% | #143,942 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for IHX
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 21 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about IHX
IHX was founded in 2009 and raised its 1st funding round 14 years after it was founded.
IHX is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mahesh Nagaraj is the CEO of IHX, as recorded in our data. They have also founded this company.
IHX is a funded company, having raised a total of $2.58M across 1 funding round to date. The company's 1st funding round was a Seed of $2.58M, raised on Jun 2023.
IHX has 130 employees.
The primary company behind IHX, Ihx Private Limited, reported revenue of ₹27.29 Cr for FY 2025, up 85% year on year.
IHX was founded in 2009 in Bengaluru, India, within the healthcare technology sector. A cloud-based platform is provided to support claims management, in-patient and out-patient operations, marketing, inventory control, and revenue cycle processes for hospitals. These services are designed to streamline administrative functions in medical facilities across the region.
IHX's top competitors include Perfios and ABI Health.
IHX has 9 investors. Key investors include Perfios, Quik Solutions, Gaurav Deepak, Sanjeev Bhalla, and Balesh Sharma.
The valuation of IHX is $45.13M as of Jun 2023.
IHX operates through Ihx Private Limited.
Yes. IHX was acquired by Perfios in April 2025.