The corporate plans to make use of the recent funds for progress and to develop to 6 new cities.
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| Providing Faculty | Course | Web site |
|---|---|---|
| IIM Kozhikode | IIMK Superior Knowledge Science For Managers | Go to |
| Indian Faculty of Enterprise | ISB Product Administration | Go to |
| IIM Lucknow | IIML Government Programme in FinTech, Banking & Utilized Threat Administration | Go to |
Based by Manoj Gupta and Gunjali Kothari, Flashaid is engaged on unique tie-ups with insurance coverage corporations to tailor-make merchandise and associate with ecommerce platforms and types to distribute insurance coverage to their customers. The corporate provides a full-stack well being answer with proprietary pre-underwritten merchandise, open APIs, and embedded options.
“With an anticipated 30% surge in digital platform adoption by 2030, a big alternative emerges to align the ecosystem in the direction of offering scalable options that promote well being fairness in India. We’re actively embracing this digital evolution by means of our API-centric technique, which resonates with the shifting behaviors of consumers within the course of of buying and accessing healthcare providers. This strategy goals to make the healthcare ecosystem extra accessible and user-friendly, benefiting the broader inhabitants,” mentioned Gunjali Kothari, cofounder at Flashaid.
Flashaid is constructing an API-first well being cowl to make medical insurance reasonably priced and accessible to digital India. It’s growing a particular channel for retail well being plan distribution through a B2B2C platform, it mentioned.
“Flashaid revolutionizes India’s medical insurance panorama, leveraging digital entry to beat conventional agent-led fashions. This innovation unlocks the mass market, driving trade progress and worth creation. We’re very excited to again the superb founders in creating a big and helpful enterprise,” mentioned Abhay Agrawal, Managing Director and Founding father of Piper Serica Angel Fund.
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The retail medical insurance market is likely one of the quickest rising segments with a CAGR of 18% and is predicted to the touch $25 billion by 2028.Over the past 12 months, Flashaid has partnered with over 20 platforms to distribute over 30,000 well being covers and is worthwhile on the EBITDA stage. The corporate is at an ARR of $1 million and is predicted to develop to $10M ARR (annual run price) within the subsequent two years.
