Confido Health, a startup focused on automating healthcare operations using AI, has raised $3 Mn (around INR 25.5 Cr) in its seed funding round. The round was led by Together Fund and saw participation from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, and several other healthcare operators.
The Hyderabad-based startup plans to utilize the newly raised funds to enhance its AI technology stack and expand its presence across specialties such as surgery, orthopedics, dental, and pediatrics. Additionally, Confido intends to scale its growth by establishing enterprise partnerships.
Confido Health was founded in 2022 by Chetan Reddy and Vichar Shroff with the vision of minimizing administrative burdens for healthcare providers through AI-driven automation. The platform employs AI-powered digital workers to handle tasks such as appointment scheduling, insurance verification, and care coordination. These digital workers integrate with existing healthcare systems within five minutes via no-code deployment, enabling seamless end-to-end task automation.
“When building Confido Health, we focused on what healthcare providers truly need: tools that don’t just automate tasks but take on the operational burden entirely,” said Chetan Reddy, co-founder of Confido Health.
The startup claims to serve customers across more than 50 locations, reaching over 50,000 patients monthly.
The funding comes at a time when the healthtech sector is witnessing a surge in investments. In October, Bengaluru-based healthtech startup Healthify (formerly HealthifyMe) raised an additional $20 Mn to close its Pre-Series D round at $45 Mn.
Similarly, medtech startup Qure.ai raised $65 Mn (INR 543 Cr) in a Series D round in September, co-led by Lightspeed Venture Partners and 360 ONE Asset Management. In August, medtech startup SigTuple secured $4 Mn (over INR 33.5 Cr) in an extended Series C round led by Sidbi Venture Capital.
Also in August, Visit Health, an online healthcare service provider, raised INR 250 Cr (nearly $29.8 Mn) through a mix of capital infusion and secondary share purchase by PB Fintech’s Docprime Technologies.
Healthtech unicorn Innovaccer was also reported to be in talks with the US-based health and insurance giant Kaiser Permanente to raise $200 Mn-$250 Mn through a mix of primary and secondary capital.
According to Inc42’s State of the Indian Startup Ecosystem Report, healthtech startups in India raised a little over $7 Bn across 886 deals between 2014 and H1 2024.