Exclusive: HealthCRED’s Founders on their Vision for Expanding Healthcare Finance in India

HealthCRED, a B2B lending startup, tailored for India's healthcare ecosystem, recently raised $1.2 million in seed funding. The round was led by Antler India, TRTL VC, DeVC, iSeedVC, and AngelList India, with notable participation from industry leaders such as IAMAI President Subho Ray and Uni Cards CEO Nitin Gupta. 

HealthCRED's mission is to bridge the working capital gaps for hospitals, medical device manufacturers, drug manufacturers, distributors, and importers. 

With the recent funding, the company is poised to expand its operations into the southern and western regions of India, focusing on key states such as Maharashtra, Gujarat, Karnataka, Tamil Nadu, Kerala, and Telangana. 

In this exclusive interview with DHN, Shrey Jain and Arpit Jangir, HealthCRED's founders, discuss their strategic plans for expansion, innovation, and the long-term impact they aim to make in the Indian healthcare sector.

1. How will the recent $1.2 million funding round support HealthCred's expansion into India's southern and western regions?

HealthCRED is looking to expand into the Southern and Western regions, starting with Maharashtra, Gujarat, Karnataka, Tamil Nadu, Kerala, and Telangana. We are interested in exploring the pharma and healthcare industry around these cities. HealthCRED would focus on partnerships at both the demand and supply ends, which will help us provide solutions for individuals and businesses.

2. What strategies will you employ to address the unique financial needs and challenges of healthcare providers in these new regions?

There is a demand and supply problem where the supply has not been able to meet expectations and bridge the working capital gaps in this segment. This industry has had high demand, which must be catered to with a quick solution and proper due diligence.

3. How do you plan to leverage the support from investors like Antler India and TRTL VC to drive growth and innovation at HealthCred?

Our investors have a trajectory of being extremely founder-friendly, allowing room for exploration of a developing market while also aiding in introductions and opening the right doors. Ambient partnership and guidance are imperative to driving growth and innovation. 

4. What long-term goals does HealthCred have for the Indian healthcare sector, and how does this recent funding align with those objectives?

The company aims to bridge the working capital gap in the healthcare sector. With a focus on technological innovation and data-driven solutions, HealthCRED is committed to enhancing financial access and operational efficiency for healthcare providers across India. 

The recent funding will help advance our mission to transform healthcare financing in India. It aligns perfectly with our long-term goals by enabling us to innovate, expand, and enhance our offerings, ultimately contributing to a more equitable and efficient healthcare system.

5. How do you ensure that your financing solutions remain effective and sustainable for your clients, and can you share any recent success stories that highlight this?

We have also brought sustainable financing solutions for Tier II and III customers, creating a strong impact by easing the pressure on providers and allowing for impactful patient care delivery. Oncology, dialysis, and diagnostic testing are some healthcare domains in which we have successfully created a strong impact. Our aim is to continue to drive this form of socially responsible healthcare impact while also focusing on building a sustainable financing module.