About Vitraya
Vitraya is a company based in Delhi (India) founded in 2019 by Ankur Shrivastava and Mrinal Sinha. Vitraya has raised $12.83 million across 6 funding rounds from investors including Mankind Pharma, CACTUS and Startupxseed Ventures. The company has 78 employees as of April 05, 2024. Vitraya operates in a competitive market with competitors including Perfios, ClaimBuddy, ABI Health, Healspan and i3systems, among others.
- Headquarter Delhi, India
- Employees 78 as on 05 Apr, 2024
- Founders Ankur Shrivastava, Mrinal Sinha
- Stage Minicorn
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Sectors
Financial ServicesHealthcare
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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 Vitraya Technologies Private Limited
- Date of Incorporation 18 Feb, 2019
- Jurisdiction Mohali, Punjab, India
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Annual Revenue
$661.3 K (USD)203.93as on Mar 31, 2024
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Net Profit
-$1.45 M (USD)0.81as on Mar 31, 2024
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EBITDA
-$1.3 M (USD)-65.12as on Mar 31, 2024
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Total Equity Funding
$12.83 M (USD)
in 6 rounds
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Latest Funding Round
$5 M (USD), Series A
Mar 29, 2023
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Investors
Mankind Pharma
& 41 more
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Employee Count
78
as on Apr 05, 2024
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Funding Insights of Vitraya
Vitraya has successfully raised a total of $12.83M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in March 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 Total Funding
- Total Rounds 6
- Last Round Series A — $5.0M
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First Round
First Round
(28 Jun 2019)
- Investors Count 42
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - Vitraya | Valuation | Startupxseed Ventures | |
| Jan, 2023 | Amount | Seed - Vitraya | Valuation | Startupxseed Ventures | |
| Sep, 2022 | Amount | Seed - Vitraya | Valuation | Cactus Venture Partners |
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Investors in Vitraya
Vitraya has secured backing from 42 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mankind Pharma, CACTUS and Startupxseed Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in deep tech and B2B early-stage startups.
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Founded Year | Domain | Location | |
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Investments are directed towards early-stage and growth-stage B2B sectors, including technology, fintech, and healthcare.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage Indian tech companies with established product-market-fit.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vitraya
Financial Statements - Vitraya
Vitraya Comparisons
Competitors of Vitraya
Vitraya 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 Perfios, ClaimBuddy, ABI Health, Healspan and i3systems, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Platform offering medical insurance claims support solutions
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| domain | founded_year | HQ Location |
AI-driven solutions for healthcare operations are provided.
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| domain | founded_year | HQ Location |
Insurance policies and claims are managed via an automated platform.
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| domain | founded_year | HQ Location |
Claims processing is automated by AI in the health sector.
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Frequently Asked Questions about Vitraya
Vitraya was founded in 2019.
Vitraya is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Mrinal Sinha is the current CEO of Vitraya. They have also founded this company.
Vitraya is a funded company, having raised a total of $12.83M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.18M, raised on Jun 28, 2019.
As of Apr 05, 2024, the latest employee count at Vitraya is 78.
Annual revenue of Vitraya is $661.3K as on Mar 31, 2024.
Vitraya was founded in 2019 in Delhi, India, within the healthcare sector. A platform is operated to handle claims processing, where artificial intelligence is utilized for auto adjudication and settlement. Algorithms and AI products are developed to support automated transactions between hospitals and health insurers, streamlining operational workflows in insurance claims management.
Vitraya's top competitors include Perfios, ABI Health and Healspan.
Vitraya has 42 investors. Key investors include Mankind Pharma, CACTUS, Startupxseed Ventures, Cactus Venture Partners, and Season Two Ventures.
The valuation of Vitraya is $35.77M as of Jan 2023.