25th April 2024 – As part of its pre-Series A investment round, the healthcare and insurtech company Flashaid was able to raise $2.5 million. Piper Serica Angel Fund and the global venture capital firm SOSV headed the funding round. Additionally, early-stage investors such as Z21 Ventures Fund and ZNL Growth Fund took part in this round of competition.
The corporation announced in a press release that the money would be used for development and expansion to six additional cities. Flashaid, which was established by Manoj Gupta and Gunjali Kothari, provides a comprehensive health solution that includes open application programming interfaces (APIs), embedded solutions, and proprietary pre-underwritten products.
Under the name EasyAspataal, Flashaid is developing an API-first health cover to make health insurance more inexpensive and accessible to the general public. Through a business-to-business-to-consumer (B2B2C) platform, it is building a unique distribution channel for retail health plans.
Conclusion
Over the course of the last year, the company claims that it has collaborated with more than twenty platforms to distribute thirty thousand health covers and has achieved profitability at the EBITDA level.
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