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Acquisition · Healthcare & Life Sciences

Ekincare acquires AI claims platform Superclaims

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Date
Company
Ekincare
What it does
Digital health benefits platform
Kind
Acquisition
Sector
Healthcare & Life Sciences

What they do

Ekincare is a digital health platform that provides health benefits infrastructure for employers

What happened

It acquired Superclaims, an AI-powered claims adjudication platform, for an undisclosed amount

Why it matters

The deal aims to expand ekincare's presence among insurers and TPAs and create cross-selling opportunities

The details

  • Ekincare acquired Superclaims, an AI-powered claims adjudication platform.
  • The financial terms of the deal were not disclosed.
  • Superclaims provides software for insurers and TPAs to automate health insurance claim assessments.
  • Its platform integrates with existing insurer and TPA systems via APIs, TMS integrations or a secure portal.
  • Superclaims technology can cut claim-processing time to about 10 minutes from more than 300 minutes.
  • Superclaims will continue to operate as an independent brand, benefiting from ekincare's platform and distribution network.
  • Bhavish Ramaswamy, Maneesh Daithala and the wider Superclaims leadership team will continue in their roles and report to ekincare's senior leadership.

The bigger picture

  • The acquisition is expected to expand ekincare's presence among insurers and TPAs.
  • It will deepen relationships with existing enterprise customers and create cross-selling opportunities.
  • The deal positions ekincare and Superclaims to expand beyond India as an AI-powered SaaS platform for insurance companies globally.
  • India's health insurance sector settled 3.26 crore claims and paid Rs 94,248 crore in FY2024-25.

About the business

  • Ekincare is a digital health platform providing health benefits infrastructure for employers.
  • It covers more than 2 million lives across more than 1,000 corporates.
  • Its network includes more than 90,000 healthcare providers across more than 500 cities.
  • Ekincare serves Fortune 500 companies such as PepsiCo, BlackRock, and Visa.
  • Superclaims provides software for insurers and TPAs to automate health insurance claim assessments.
  • Superclaims platform integrates with existing insurer and TPA systems via APIs, TMS integrations or a secure portal.
  • Superclaims technology can cut claim-processing time to about 10 minutes from more than 300 minutes.

What happens next

  • Expand ekincare's presence among insurers and TPAs.
  • Deepen relationships with existing enterprise customers.
  • Create cross-selling opportunities.
  • Expand beyond India as an AI-powered SaaS platform for insurance companies globally.

The deal

Type
acquisition

Founders

  • Kiran Kalakuntla, co-founder and CEO
  • Srikanth Samudrala, co-founder
  • Bhavish Ramaswamy, founder and CEO
  • Maneesh Daithala, co-founder and CTO

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