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    EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij.

    • Just In

    Star Health Insurance and Medi Assist Collaborate to Launch AI-Powered Claims Platform MAtrix

    Latest News Posted on  —by Salil Urunkar
    MAtrix

    Chennai: Star Health and Allied Insurance Company Ltd., India’s largest retail health insurer, has announced a strategic partnership with Medi Assist to implement MAtrix, a cutting-edge AI-driven platform designed to revolutionize health insurance claims processing.

    This collaboration marks a major milestone in Star Health’s digital transformation journey, aimed at achieving faster claim settlements, reducing fraud, and elevating customer experience across its ecosystem.

    Also Read: HDFC Life InsUReka: HDFC Life and SINE IIT Bombay Launch Innovation Challenge

    By deploying the MAtrix platform, Star Health is advancing toward a future-ready, intelligent claims infrastructure, integrating automation and machine learning to streamline workflows and reduce manual interventions.

    This will empower the insurer to scale efficiently, especially as healthcare claims volumes continue to rise amid growing policyholder expectations and regulatory demands.

    “This partnership is a pivotal move in our technology-led evolution,” said Anand Roy, MD & CEO, Star Health and Allied Insurance. “With MAtrix, we are not only optimizing claims adjudication and reducing turnaround time but also enhancing transparency, consistency, and fraud control. It is a crucial step in reinforcing trust and delivering policyholder-centric outcomes.”

    Key Capabilities of MAtrix:
    • Rules-Based Claims Adjudication: Ensures standardized, objective decision-making, reducing subjectivity and enhancing process accuracy.
    • AI Co-Pilot and Automation: Assists claims handlers with intelligent recommendations, enabling quicker and more informed decisions.
    • Advanced Fraud Detection: Leverages AI and ML to identify waste, fraud, and abuse (FWA) and protect the integrity of claims processing.
    • Omnichannel Engagement: Includes virtual assistants and chatbots across WhatsApp, mobile apps, and digital portals for seamless customer interaction.
    • NHCX Integration: Real-time, secure data exchange between insurers, providers, and government health data exchanges via unified APIs.

    Satish Gidugu, CEO of Medi Assist, added, “We are proud to partner with Star Health in shaping the future of AI-powered insurance operations. Together, we are redefining efficiency and policyholder experience with smart automation and insight-driven claims adjudication.”

    This alliance reinforces Star Health Insurance’s leadership in the Indian health insurance sector, focusing on claims innovation and operational agility. The adoption of the MAtrix platform supports its broader mission to deliver customer-first services with speed, precision, and transparency.

    Also Read: SuperDial Secures USD 15 Million to Expand AI Voice Agents in Healthcare

    As India’s digital health ecosystem evolves, this integration sets a new benchmark for insurtech partnerships, demonstrating the power of AI-enabled claims transformation in building trust and resilience in the insurance value chain.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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