Alyve Health bags Series A funding round of $ 5.5 million

The funding will enable to further fortify the platform and enhance data, security, and AI capabilities Health-tech platform Alyve Health announced a Series A funding round of $ 5.5 million. The investment round was led by Axilor Ventures and saw participation from 1Crowd Fund, an existing investor, as well as InHealth Ventures, a healthcare-focussed fund. The company also raised a venture debt fund from Trifecta Capital as part of this round. Founded by Shashank Avadhani, Sushant Roy, and Vineet Mehta in May 2020, Alyve Health was built with the vision to provide unparalleled coverage and simplify the health plan experience for its members. Sushant Roy, Co-founder, CBO and COO, Alyve Health, expressed how the company intends to use the funds and said, "We are committed to leveraging these resources to enhance our platform, expand our service offerings, and ultimately, create enriching experiences for millions of users across India to achieve a healthier and quality life. This investment empowers us to continue innovating on our product and technology." Vineet Mehta, Co-founder, and CTO, Alyve Health said, “The funding will enable us to further fortify our platform and enhance our data, security, and AI capabilities.”