When was IHX founded?

IHX was founded in 2009 and raised its 1st funding round 14 years after it was founded.

Where is IHX located?

IHX is headquartered in Bengaluru, India. It is registered at IndiQube Plaza, 2nd Floor, No. 6, PID No. 73-19-6, BBMP Ward No. 113, NAL, Wind Tunnel Road, Murugesh Palya, NAL, Bangalore, Bangalore North, Karnataka, India, 560017.

Who is the current CEO of IHX?

Mahesh Nagaraj of IHX. They have also founded 1 company.

Which legal entities is IHX associated with?

IHX is associated with IHX PRIVATE LIMITED.

How many employees does IHX have?

As of Aug 31, 2025, the latest employee count at IHX is 112.

Is IHX a funded company?

IHX is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jun 30, 2023.

How much is IHX worth?

The last known valuation of IHX was $***** as of Jun 30, 2023.

When was the latest funding round of IHX?

IHX's latest funding was a $***** Seed round on Jun 30, 2023, with participation from 7 investors.

What is the annual revenue of IHX?

Annual revenue of IHX is ₹27.3Cr as on Mar 31, 2025.

Where does IHX rank among its competitors?

IHX ranks 5th amongst 168 active competitors, of which 36 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Care.fi, which secured $5M in Feb, 2026.

Who are the top competitors of IHX?

IHX's top competitors include Cigna, GSC and Cotiviti. Among them, Care.fi secured the most recent funding round in February, 2026.

IHX - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Cloud-based patient claims management solutions. The platform provides claims management, in-patient, management, out-patient management, marketing & inventory management, and revenue cycle management solution for hospitals.

Website: www.ihx.in/
Email ID: *****@ihx.in
Registered Address: IndiQube Plaza, 2nd Floor, No. 6, PID No. 73-19-6, BBMP Ward No. 113, NAL, Wind Tunnel Road, Murugesh Palya, NAL, Bangalore, Bangalore North, Karnataka, India, 560017

Key Metrics

Founded Year

2009

Location

Bengaluru, India

Stage

Acquired

Total Funding

$2.6M in 1 round

Latest Funding Round

Seed, Jun 30, 2023, $*****

Last Known Valuation

$***** as on Jun 30, 2023

Investors

Quik Solutions & 6 more

Ranked

5^th among 168 active competitors

Annual Revenue

₹27.3Cr as on Mar 31, 2025

Employee Count

112 as on Aug 31, 2025

Similar Companies

Cigna & 153 more

Exit Details

Acquired by Perfios (Apr 28, 2025)

View IHX's full profile

IHX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
IHX PRIVATE LIMITED CIN: U72900KA2020PTC138527 , India, Active	Sep 12, 2020	$3.23M (As on Mar 31, 2025)	112 (As on Aug 31, 2025)

IHX got acquired by Perfios on Apr 28, 2025.

Click here to take a look at IHX's acquisition in detail

IHX has raised a total funding of $2.6M over 1 round. Its latest funding round was a Seed round on Jun 30, 2023 for $*****. 7 investors participated in its latest round. IHX has 2 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of IHX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 30, 2023	7378360	Seed	2621744	7510394	1294465	9743005

Access funding benchmarks and valuations. Sign up today!

View details of IHX's funding rounds and investors

The founders of IHX are Sanjay Kalra, Ajay Bakshi, Mahesh Nagaraj, Ambuj Kashyap, Ambuj Kashyap and Mahesh Nagaraj. Mahesh Nagaraj is the CEO of IHX.

Here are the details of IHX's key team members:

Sanjay Kalra: Co-Founder of IHX. They are also an angel investor in 1 startup.
Ajay Bakshi: Co-Founder of IHX. They serve on the boards of 2 companies.
Mahesh Nagaraj: Co-Founder & CEO of IHX. They serve on the board of 1 company.
Contact Info: 1 email address
Ambuj Kashyap: Co-Founder of IHX.
Contact Info: 1 email address
Ambuj Kashyap: Co-Founder and Chief Business Officer of IHX.

IHX's Board of Directors

IHX's board has 2 active members. Sanjay Kalra and Ajay Bakshi are part of team.

Here is the list of IHX's board of directors:

Name	Type	Representing	Status	Duration
Mahesh Nagaraj	Team	-	Current	5y 0m
chscopy	Team	-	Past	9y 4m
Sanjay Kalra	Investor	-	Current	5y 6m
Prasad Kailash Krishnamorthy	Independent board member	-	Current	0y 10m
qkgcwat	Independent board member	-	Current	1y 2m

View details of IHX's Founder profiles and Board Members

IHX's employee count trend

IHX has 112 employees as of Aug 25. The total employee count is 5.0% more than what it was in Aug 24. Here is IHX's employee count trend over the years:

Uncover IHX's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of IHX include Cigna, GSC and Cotiviti. Here is the list of Top 10 competitors of IHX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cigna 1792, Philadelphia (United States), Public	Provider of health insurance, dental plans and medicare coverage	-	JANA Partners, Tekla Capital Management & 3 others	75/100
2nd	GSC 1957, Toronto (Canada), Unfunded	Provider of multiple healthcare services for individuals and organizations	-	-	70/100
3rd	Cotiviti 1979, Atlanta (United States), Acquired	Provider of analytics-driven payment accuracy solutions for healthcare payers	-	Oak HC/FT, Advent International & 1 others	62/100
4th	Care.fi 2021, Gurugram (India), Series A	Provider of financial solutions for hospitals, doctors, and allied healthcare suppliers	$10.6M	Trifecta Capital, Kettleborough VC & 29 others	61/100
5th	IHX 2009, Bengaluru (India), Acquired	Cloud-based patient claims management solutions	$2.6M	Logx Venture Partners, Quik Solutions & 5 others	60/100
6th	Digital Owl 2017, Portland (United States), Acquired	Provider of AI platform for medical data analysis and insights	$38.6M	Insight Partners, Ibex Investors & 6 others	60/100
7th	Alaffia Health 2020, New York City (United States), Series B	AI platform for healthcare claims management and automation	$72M	Transformation Capital, Anthemis Group & 12 others	58/100
8th	Vitraya 2019, Delhi (India), Series A	Platform offering claims processing for healthcare sector	$12.8M	Startupxseed Ventures, CACTUS & 45 others	57/100
9th	Candid Health 2019, San Francisco (United States), Series C	Provider of a SaaS and AI medical billing platform for healthcare professionals and organizations	$99.5M	8VC, Oak HC/FT & 6 others	57/100
10th	I3 Systems 2016, Mumbai (India), Seed	AI-based solution for automating claims processing and management for the health sector	$3.97M	Unitus Ventures, Capria & 23 others	57/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on IHX's competitors? Click here to see the top ones

Founders (largest shareholder) own 80.98%, Enterprises own 0.20%, Angels own 0.34% and Other People own 0.67%. The net worth of IHX's founders is INR 300Cr as of Jun 30, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	80.98%	300Cr	4367135	1899512	5848990	8361566
Sanjay Kalra	2548461	6141960	9003450	7650235	8356511	1898627
Ambuj Kashyap	0	0	0	0	0	0
Enterprise	0.20%	75L	0	0	0	0
Angel	0.34%	1.25Cr	0	0	0	0
Gaurav Deepak	0	0	0	0	0	0
Other People	0.67%	2.5Cr	0	0	0	0
ESOP Pool	15.51%	57.5Cr	5792582	4365154	3389783	1622718
Other Investors	2.28%	8.46Cr	23	45	47	82
Total	99.98%	370Cr	4830061	1440947	3775605	3317948