MIT Invests INR 198 Crores in Medi Assist Healthcare Services, India’s Leading Health Benefits Administrator

Medi Assist Healthcare Services Limited, India’s premier health benefits administrator, announced an investment from Massachusetts Institute of Technology (MIT) and 238 Plan Associates LLC. The aggregate investment of INR 198 crores was secured through a preferential allotment on a private placement basis. Under the preferential allotment, Medi Assist has issued 37,01,000 fully paid-up equity shares with a face value of INR 5/- each, at an issue price of INR 535 per share. This investment from MIT reaffirms Medi Assist’s mission to lead India’s digital health transformation. The company is committed to accelerate innovation in AI-led health benefit solutions that improve member experience and payer outcomes.