• Healthcare and Insurtech Startup, FlashAid, Secures $2.5 Million in Funding.

  • The round was led by Piper Serica Angel Fund and SOSV.

  • FlashAid is making health insurance affordable for the masses.

FlashAid, a pioneering healthcare and insurtech enterprise, has raised $2.5 million in its pre-Series A financing round. The investment was led by Piper Serica Angel Fund and globally renowned venture capital firm SOSV. Early-stage investors Z21 Ventures Fund and ZNL Growth Fund participated in this significant funding round.

As highlighted in a recent press release, the capital infusion is earmarked for the company’s ambitious growth plans, particularly its expansion into six new cities.

Co-founded by Manoj Gupta and Gunjali Kothari, FlashAid offers a comprehensive health solution that encompasses proprietary pre-underwritten products, open APIs, and integrated solutions.

Known initially as EasyAspataal, FlashAid is committed to democratizing health insurance by crafting an API-first health coverage model to make health insurance more affordable and accessible to the masses. The company is spearheading the development of a unique distribution channel for retail health plans through a B2B2C platform.

With an impressive track record, FlashAid boasts partnerships with over 20 platforms, facilitating the distribution of 30,000 health covers in the past year alone. Furthermore, the company has achieved profitability at the EBITDA level. FlashAid boasts an ARR (annual run rate) of $1 million, with projections indicating a substantial growth trajectory to reach $10 million ARR within the next two years.