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Flashaid is a technology company.
Flashaid operates as a healthcare technology platform, delivering comprehensive solutions primarily within the insurtech space. It develops a digital infrastructure designed to streamline access to medical services and enhance operational efficiency for healthcare providers. The company offers proprietary health products, including preventive care plans, and leverages technology to create a seamless healthcare experience for its users and partners.
The company was founded in 2020 by Manoj Gupta and Gunjali Kothari, stemming from an insight into the complexities and financial barriers prevalent in healthcare access. Their vision aimed to simplify the patient journey and provide affordable, integrated medical care through technological innovation. Flashaid is headquartered in Mumbai, India, reflecting its focus on addressing regional healthcare challenges.
Flashaid serves both individual consumers seeking accessible health services and healthcare institutions looking to digitize and automate their front-office operations. Its mission centers on making quality healthcare simpler, more affordable, and universally accessible by fostering robust digital ecosystems that connect patients with care providers efficiently. The company envisions a future where healthcare navigation is intuitive and cost-effective for everyone.
Flashaid has raised $3.0M across 2 funding rounds.
Flashaid has raised $3.0M in total across 2 funding rounds.
Flashaid has raised $3.0M in total across 2 funding rounds.
Flashaid's investors include Amit Singh, Kunal Shah, Abhay Agarwal, SOSV, Z21 Ventures, ZNL Growth Fund, Venture Catalysts | India's First Integrated Incubator.
Flashaid is a Mumbai-based health insurtech startup founded in 2020 (formerly EasyAspataal) that provides a digital platform for affordable healthcare payments, insurance, and hospital management tools.[1][2][3] It offers products like a hospital dashboard for patient billing and payments, API-first health covers with pre-underwritten products, flexible multi-sum insurance for teams, and intelligent payment collection for businesses, targeting hospitals, patients, employees, and digital platforms to simplify access and reduce costs in India's healthcare ecosystem.[1][2][4][5] Serving B2B2C channels, Flashaid solves fragmented payments and insurance barriers by enabling zero-cost patient solutions, cashless networks, zero waiting periods, and 24/7 digital support, with over 20 platform partnerships distributing 30,000+ health covers and securing 1 lakh+ lives.[2][4] The company raised $2.5M in pre-Series A funding in April 2024 from Piper Serica Angel Fund, SOSV, Z21 Ventures, and ZNL Growth Fund, achieving $1M ARR with plans to reach $10M in two years through AI R&D and expansion.[1][2]
Flashaid was founded in 2020 in Mumbai, India, by Manoj Gupta and Gunjali Kothari, evolving from EasyAspataal to focus on fintech infrastructure for healthcare.[1][2][3] The idea emerged to address India's healthcare access gaps through an API-first platform offering proprietary pre-underwritten health products, open APIs, and embedded insurance solutions for digital adoption.[2] Early traction included partnerships with over 20 platforms for 30,000+ health covers distributed in the past year, alongside a pivot to full-stack solutions like hospital dashboards and team health covers amid rising digital health demands.[1][2][4] Pivotal moments feature the 2024 $2.5M funding round, fueling AI enhancements and growth from $1M ARR.[1][2]
Flashaid stands out in health insurtech via these key strengths:
Flashaid rides India's digital health insurtech wave, where platforms are projected to surge 30% by 2030, aligning fragmented payments, insurance, and hospital ops amid rising healthcare equity needs.[2] Timing is ideal post-COVID, with market forces like digital India adoption, AI-driven personalization, and B2B2C models favoring scalable, API-centric players over traditional insurers.[2][4] It influences the ecosystem by automating front-office for hospitals (360-degree infrastructure), enabling 30,000+ covers via partnerships, and promoting accessible covers for underserved patients/employees, boosting overall adoption in a $370B+ Indian health market.[1][2][5]
Flashaid is poised to 10x ARR to $10M via AI R&D, team growth, and software upgrades, expanding partnerships and custom plans in digital health.[2] Trends like generative AI for claims, embedded insurance ubiquity, and health equity will shape its path, potentially dominating B2B2C distribution as digital platforms proliferate.[2][4] Its influence may evolve into a full fintech-health stack leader, securing millions more lives while redefining affordable care—from flash payments to comprehensive protection.[1][2][4]
Flashaid has raised $3.0M across 2 funding rounds. Most recently, it raised $2.5M Pre-Series A in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 26, 2024 | $2.5M Pre-Series A | Amit Singh, Kunal Shah, Abhay Agarwal, SOSV, Z21 Ventures, ZNL Growth Fund | |
| Jul 1, 2021 | $540K Seed | Venture Catalysts | India's First Integrated Incubator |