e-commerce
Health tech firm Consint.AI raises Rs 5 crore seed investment
MUMBAI: GenAI-driven healthcare Insurance fraud and risk management company Consint.AI has raised Rs 5 crore in a seed round led by Equanimity Ventures and Seafund. The capital raised will be deployed to scale operations through expanded sales outreach and accelerate the development of the genAI feature suite for the health AI platform.
This includes enhancing fraud detection, optimising claims processing, and delivering personalised clinical care. Funding raised in the current round will also support team expansion, infrastructure upgrades, and R&D efforts to help it grow in the health tech solutions market.
Says Seafund managing partner Manoj Agarwal: “Our focus on emerging tech like GenAI, deep tech, IoT and sustainability has been the guiding force when it comes to backing unique and innovative startups. Consint.AI’s laser sharp focus on solving the problem of healthcare insurance claims processing and fraud detection improving performance of insurance and healthcare institutions is a multi-billion dollar problem to solve and we believe that we have the necessary expertise and network to help the company grow and reach its ambitions.”
Adds Consint founder & CEO Ashish Chaturvedi: “This current market traction and milestones highlight the transformative potential of generative AI in reshaping healthcare as we know it. At Consint.AI, we are pioneering genAI-driven platforms like CIPHR.ai and Risk.ai to solve complex challenges in healthcare transactions and personalised care. Our focus remains on advancing our genAI capabilities to drive innovation, deliver impactful solutions, and empower businesses globally to achieve seamless operations and value-based care. This funding accelerates our mission to lead the charge in AI-powered healthcare transformation”
Founded in 2020 by Ashish Chaturvedi and later joined by Swadeep Singh as a co-founder, Consint.AI aims to optimise healthcare claims transactions, making them affordable and efficient with cutting-edge platforms like Risk.ai, engineered to optimise insurance transactions and mitigate fraud, and CIPHR.ai which is designed to enhance critical patient management and streamline claims generation. By harnessing advanced genAI solutions, the company helps businesses across emerging markets and the US to drive value-based care, operational efficiency, and sustainable growth.
In the past 12 months, Consint.AI has expanded in India, the middle east, and Africa. The company recently launched CIPHR.ai, an AI-driven platform tailored for hospitals, built upon custom gen AI models for care personalisation in critical patient management. CIPHR.ai provides intelligence at the point of care and generates claims transactions. It is targeted at emerging health markets and the US Accountable Care Organisation (ACO) sector.
In the past two quarters, the company has achieved significant growth, securing Rs 10 plus crore in signed contracts. This includes multiple multi-year agreements with leading insurance providers and hospital systems. Consint.AI plans to continue expanding Risk.ai to drive transactions in the emerging InsurTech markets, with a focus on product enhancements and accelerated sales efforts. Additionally, it aims to strategically penetrate the US market by establishing a strong product-market fit for its CIPHR.ai provider platform, leveraging its generative AI solutions to meet the specific needs of healthcare providers ACOs.
Consint.AI is focused on the $600 billion healthcare transaction market and with a projected 4x YoY business growth, the company is strategically expanding its Risk.ai product across private and public insurance markets in the APAC and MEA regions.
e-commerce
Flipkart rolls out 105 per cent bonus for 20,000 employees
Strong FY25 performance drives payouts even as layoffs and shifts unfold.
MUMBAI: In a year where belts were tightened and rewards loosened, Flipkart seems to be playing both offence and defence trimming roles on one hand while handing out a generous 105 per cent bonus on the other. The Walmart owned e commerce major has rolled out a 105 per cent bonus payout for 2025, covering nearly 20,000 employees, signalling a year of steady operational momentum even as the company navigates restructuring pressures. The payout, communicated internally by chief human resources officer Seema Nair, is tied to performance across key metrics including growth, operational efficiency, financial outcomes and people indicators, a combination that suggests the company is inching closer to its long stated goal of sustainable profitability.
Employees at SD level and below are set to receive their bonuses in March, while payouts for senior leadership, including vice presidents and senior vice presidents, will follow after the close of the performance cycle. The elevated 105 per cent multiplier stands out in a sector where cautious payouts have increasingly become the norm, pointing to what appears to be a relatively strong internal scorecard for FY25.
Yet, the announcement arrives with a noticeable contrast. Earlier this year, Flipkart reduced its workforce by around 300 roles as part of its annual performance review process. While officially framed as performance driven, the juxtaposition of layoffs alongside above target bonuses reflects a more nuanced balancing act, one that prioritises cost discipline while continuing to reward and retain high performing talent.
This dual approach is becoming increasingly common across the technology and e commerce landscape, where companies are navigating an uneven hiring environment while under pressure to deliver profitability. Rewarding top contributors, even amid selective workforce reductions, allows firms to maintain morale and retain critical talent without losing sight of financial prudence.
At the same time, Flipkart is also undergoing leadership shifts that hint at a broader strategic recalibration. Nishant Verman has been appointed senior vice president for corporate development and partnerships, while group chief financial officer Sriram Venkataraman is set to step down. Ravi Iyer will take on expanded responsibilities within the finance function, marking a reshuffle at the top as the company gears up for its next phase.
These changes come amid reports that Flipkart is planning to shift its holding structure back to India, a move widely interpreted as groundwork for a potential public listing. While timelines remain fluid, the combination of stronger financial discipline, leadership restructuring and employee incentivisation suggests a company preparing itself for greater scrutiny and scale.
For employees, the 105 per cent payout offers a welcome boost in what has otherwise been a period of adjustment. For Flipkart, it is a signal that even as it cuts where necessary, it is willing to spend where it counts. In the high stakes game of growth versus profitability, the company appears to be hedging its bets carefully, rewarding performance while reshaping itself for what could be its most defining chapter yet.
