Alyve Health raises $5.5mn in latest round

Mumbai: Alyve Health, a leading health tech platform raised $5.5 millionin its latest Series A funding round. The round was led by Axilor Ventures and saw participation from 1Crowd Fund, an existing investor, as well as InHealth Ventures, a healthcare-focused 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 to provide coverage and simplify the health plan experience for its members. Alyve’s health plans cover multiple healthcare stages like doctor consultations, diagnostics, medicine purchases, dental procedures, gym memberships, and proactive well-being. The brand offers plans with cashless experience and assured care across prevention and cure.