Enterprise Tech
Vitraya Technologies is a health tech company focused on revolutionizing the health insurance claims process in India through a proprietary, cloud-based, B2B SaaS platform that leverages elements of blockchain, AI and ML to provide effortless, accurate and fraud-free claims processing to insurance companies.
We’d known Mrinal for years and watched his journey across HBS, the Michael & Susan Dell Foundation, and Mobikwik, always struck by his sharp strategic mind and clarity of thought. Starting from a blank slate, he chose to tackle one of the toughest problems, bringing transparency to the insurance industry, and has been relentlessly building toward that bold vision ever since.
Our investment in Vitraya was driven by the convergence of a large, fast-growing opportunity in health insurance, the company’s differentiated technology, and the strength of its founding team. Operating within a sector that is expanding rapidly yet remains significantly underpenetrated, Vitraya addresses one of the most persistent challenges in the health insurance ecosystem: slow, error-prone, and opaque claims processing. Its platform uses deep technology, including blockchain-enabled and cloud-native infrastructure, to automate claims adjudication, detect fraud, and enable seamless payouts between hospitals and insurers, thereby improving efficiency and trust across the value chain.
The founders bring a rare combination of institutional experience, academic excellence, and long-standing exposure to fintech, healthcare, and product development. Their clarity of vision, high ownership, and ability to execute positioned the company well to capture a substantial portion of this emerging market. Early adoption by major insurers and leading hospital groups further validated both the product’s utility and the company’s strategic direction.
With strong market tailwinds, proven technology, and a highly capable leadership team, Vitraya is well placed to become a pivotal player in modernising and automating health insurance claims in India.
