NovoJuris Legal acts on Care.fi Series A fundraise

Care.Fi Technological Solutions Private Limited has raised $8 million from a Series A fundraise led by July Ventures and Peak XV Partners, with participation from Accion Ventures and Sadev Ventures.

NovoJuris Legal advised lead investor July Ventures on this fundraise. The Firm played a key role in conducting due diligence on the regulatory landscape across fintech, healthtech, insurtech, and NBFC sectors, reviewing financing documents, coordinating with stakeholders, and ensuring the smooth completion of the transaction.

The transaction team was led by Ashwin Bhat (Deputy Managing Partner), with support from Amol Chitnis (Junior Partner) and Namrata Dubey (Senior Associate).

Care.Fi is engaged in providing healthcare-focused services. Through its subsidiaries, the company operates an AI-driven platform that helps hospitals manage documentation, coding, claims processing, and collections at scale. Its NBFC arm provides working capital solutions that enable predictable cash flows.

The funds will be utilized for expansion across India, the United States and the Middle East, as well as for product development.

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