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. Vitraya operates in a competitive market with competitors including Perfios, ClaimBuddy, ABI Health, Healspan and i3systems, among others.
- Headquarter Delhi, India
- Employees 78
- Founders Ankur Shrivastava, Mrinal Sinha
- Stage Minicorn
- SectorsFinancial ServicesHealthcare
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website vitraya.com
- Social LinkedIn X
- Legal Name Vitraya Technologies Private Limited
- Date of Incorporation 18 Feb, 2019
- Jurisdiction Mohali, Punjab, India
- Annual Revenue₹20.10 Cr
FY 2025 · +255% YoY
- Net Profit₹1.88 Cr
FY 2025 · 9% margin
- EBITDA₹5.45 Cr
FY 2025 · 27% margin
- Total Equity Funding$12.83M (USD)
in 6 rounds
- Latest Funding Round$5M (USD), Series A
Mar 2023
- InvestorsMankind Pharma
& 41 more
- Employee Count78
Associated legal entities of Vitraya
Vitraya operates through Vitraya 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 |
|---|---|---|---|---|---|---|---|
| Vitraya Technologies Private Limited CIN U72900PB2019PTC049067 | Active | 18 Feb 2019 | Mohali, Punjab | ₹20.1 Cr | 78 | 4 | View details |
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 $12.83M
- Total Rounds 6
- Last Round Series A — $5M
- First Round $670,373
(Jun 2019)
- Investors Count 42
All 6 funding rounds of Vitraya 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 |
|---|---|---|---|---|---|
| Mar 2023 | $5M | Series A | – | Startupxseed Ventures | |
| Jan 2023 | $4.1M | Seed | $35.77M | Startupxseed Ventures | |
| Sep 2022 | $1.18M | Seed | – | Cactus Venture Partners | – |
| Mar 2021 | $1.67M | Seed | $13.09M | Sprout Investments | |
| Oct 2020 | $204,542 | Seed | $••••• | CACTUS | |
| Jun 2019 | $670,373 | Seed | $••••• | CACTUS |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2023 | $35.77M | •••••••• |
| Mar 2021 | $13.09M | •••••••• |
| Oct 2020 | $••••• | •••••••• |
| Jun 2019 | $••••• | •••••••• |
Full valuation and stage history of Vitraya
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $35.77M (Jan 2023). 42 investors in total: 9 institutional and 33 angel.
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 |
|---|---|---|---|---|
Venture capital firm investing in deep tech and B2B early-stage startups. | 2015 | startupxseed.in | Bengaluru, India | |
Investments are directed towards early-stage and growth-stage B2B sectors, including technology, fintech, and healthcare. | 2019 | seasontwo.vc | Bengaluru, India | |
Venture capital firm investing in early-stage Indian tech companies with established product-market-fit. | 2021 | cactusvp.com | Mumbai, India | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Provides operations, technology, and data services to insurers worldwide. | 2013 | xceedance.com | Bermuda | |
Pharmaceutical company engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical formulations | 1991 | mankindpharma.com | Delhi, India | |
- | – | jandacapitalpartnersinvest.com | - | |
Investment services are offered by Sprout Investments in Mauritius. | – | sproutinvestment.tcc.mode | Ebene City, Mauritius | |
Provides AI solutions and services for research publishing and communication. | 2001 | cactusglobal.com | Mumbai, India | |
EJ Eklavya Juneja | - | – | unknown_749a22c128df4736a | - |
Investor details for Vitraya
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 Vitraya Technologies Private Limited (Vitraya)
Vitraya Technologies Private Limited is the primary company behind Vitraya. The board of Vitraya Technologies Private Limited currently have 4 directors; the longest-serving is Ankur Shrivastava, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankur Shrivastava DIN 07478160 | Director | 18 Feb 2019 | 7 yrs 7 mo | Vitraya Technologies Private Limited |
| Mrinal Sinha DIN 02912880 | Director | 04 Oct 2021 | 5 yrs | Vitraya Technologies Private Limited |
| Ravi Balasaheb Thakur DIN 02023994 | Nominee Director | 09 Feb 2023 | 3 yrs 7 mo | Vitraya Technologies Private Limited |
| Anurag Goel DIN 00338270 | Nominee Director | 09 Feb 2023 | 3 yrs 7 mo | Vitraya Technologies Private Limited |
People of Vitraya
18 people are tracked at Vitraya (4 in leadership, 14 in team); the tracked headcount is 78.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Manmohan. G.Sharma | Regional Head -Hospital Relationship | Leadership |
Avdhesh Sharma | President India | Leadership |
Devang C. | Software Engineer | Team |
Rishi Vashishth | Technology Lead | Team |
shalza thakur | Product Manager | Team |
Isha Gupta | Operation consultant | Team |
Chetan Goyal | Quality Analyst | Team |
Aditya Singh | Business Analyst | Team |
Ruchi Sharma | Medical Operation Associate - Consultant | Team |
Shashank Vivek | Tech Lead + Multiple Roles | Team |
Hardik Sharma | Software Engineer | Team |
Abhishek Sharma | Software Engineer | Team |
Ashish Verma | Software Engineer | Team |
Bavishya Balasubramanian | Software Engineer | Team |
Madhavi Kaushik | Human Resources Administrator | Team |
Dr. Deeksha Garg | Medical Systems Architect | Team |
Complete people profiles for Vitraya
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 Vitraya
Figures of Vitraya Technologies Private Limited, the primary company behind Vitraya, for FY 2025. Revenue was ₹20.10 Cr (+255% year on year). Net profit was ₹1.88 Cr (9% margin). EBITDA was ₹5.45 Cr (27% margin). Revenue has grown at a compounded annual rate of +1140% over three years.
- ₹20.10 CrRevenue · FY 2025 · +255% YoY
- ₹1.88 CrNet profit · 9% margin
- ₹5.45 CrEBITDA · 27% margin
- ₹1.7 LakhPaid-up capital
- 78Employees (provident fund records)
- +1140%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Vitraya Technologies Private Limited are on its company page.
Detailed financial statements for Vitraya
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Vitraya
4 dated milestones of Vitraya across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Vitraya is founded.
- Funding First funding round of $670K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $5.0M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | – | Provides financial technology solutions for data analysis and verification globally. | |
| claimbuddy.in | 2020 | Gurugram, India | $8.24M | 98 | Platform offering medical insurance claims support solutions | |
| abi-health.com | 2013 | Bengaluru, India | $16.18M | 82 | AI-driven solutions for healthcare operations are provided. | |
| healspan.com | 2022 | Bengaluru, India | $440,587 | 41 | Insurance policies and claims are managed via an automated platform. | |
| i3systems.ai | 2016 | Mumbai, India | $3.97M | 29 | Claims processing is automated by AI in the health sector. | |
| 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. | |
| insurancemitra.com | 2016 | Delhi, India | – | 44 | Provides claims cycle management solutions tailored for healthcare providers. |
Detailed competitors of Vitraya
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Vitraya
The website of Vitraya (vitraya.com) receives about 9.4K visits a month and ranks #1,392,325 among all websites worldwide, #5,241 in Insurance.
- Monthly visits9.4K
▼ 48.6% vs previous month
- Unique visitors2.7K
per month
- Global rank#1,392,325
among all websites
- Category rank#5,241
Finance · Insurance
- Bounce rate33%
- Pages per visit3.6
- Average visit5 min 31 sec
- DevicesDesktop 94% · Mobile 6%
Latest news on Vitraya
Complete news archive for Vitraya
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Verified entity values are shown only after access is granted.
Similar companies to Vitraya
10 companies that operate in the same segment as Vitraya (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | – | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Finland | USD 1.16 B | – | – | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | – | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 182.84 M | – | – |
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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 $670.37K, raised on Jun 2019.
Vitraya has 78 employees.
The primary company behind Vitraya, Vitraya Technologies Private Limited, reported revenue of ₹20.10 Cr for FY 2025, up 255% year on year.
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.
Vitraya operates through Vitraya Technologies Private Limited.
The legal entities of Vitraya currently have 4 directors, including Ravi Balasaheb Thakur, Mrinal Sinha, Anurag Goel and others.