nVentures Leads US $200K Seed Round Into Flash Health to Scale Cashless Outpatient Care in Sri Lanka

Flash Health, a Sri Lankan healthtech startup building cashless, on-demand outpatient care, has raised a US $200,000 seed round led by nVentures, with participation from angel investors across Sri Lanka, Singapore, and the United States.

The funding comes as Flash Health expands its footprint across insurers, large employers, and healthcare providers, positioning itself as one of the country’s most widely adopted digital outpatient platforms addressing everyday healthcare needs.

At the core of Flash Health’s offering is Cashless OPD, which allows employees and policyholders to access doctor consultations, medicines, diagnostics, and telemedicine services without paying out of pocket, removing upfront payments and simplifying access to address a long-standing friction point in everyday healthcare across emerging markets. The platform’s approach has also received global recognition, with Cashless OPD winning at the World Summit Awards, an UN-backed platform recognising startups advancing the Sustainable Development Goals, selected from over 900 applications across 143 countries. Commenting on the investment, Chalinda Abeykoon, Managing Partner at nVentures, said, “We first met Arshad and the Flash Health team in late 2023 and were immediately struck by their ethos, attention to detail, and culture of excellence. As we worked with the team to fine-tune their product roadmap and execution, we saw a team that listens, iterates, and delivers. Flash Health is now operating at real scale, which made this a clear investment decision for us.”

Flash Health’s growth has been driven by partnerships with leading insurance providers, including AIA, HNB Assurance, Janashakthi Insurance, and Union Assurance, enabling policyholders to access services such as medicine delivery, home lab testing, telemedicine consultations, and wellness incentives through integrated digital workflows.

On the enterprise side, the platform is trusted by organisations such as Akbar Brothers, Sri Lanka Cricket, SriLankan Airlines, Hidramani, and others, reinforcing Flash Health’s role as a reliable healthcare partner for employee wellbeing and medical access. Reflecting this broader mission, Arshad Ameer, Founder of Flash Health, said, “At Flash Health, our mission has always been to make healthcare feel human, accessible, and effortless for everyone. These partnerships reflect a shared belief that when we remove friction from healthcare, we improve health outcomes, quality of life, and peace of mind. We’re not just building a platform, we’re building a future where care reaches people, not the other way around.”

In response to Sri Lanka’s ageing population and increasing demand for care delivered at home, Flash Health has partnered with MediHelp Hospital to launch a Homecare Service, allowing patients to receive nursing, physiotherapy, and medical support directly at their doorstep.

The platform’s relevance became especially evident during the recent flooding caused by Cyclone Ditwah, when Flash Health activated its Doctor Hotline free of charge, managed more than 500 medical inquiries, prioritised medicine deliveries to accessible flood-affected areas, supported essential medicine distribution in coordination with the Sri Lanka Red Cross, and reached over 75,000 people with public health guidance, emphasising the role of digital outpatient infrastructure when physical healthcare access is disrupted.

Flash Health plans to use the seed funding to deepen insurance integrations, expand Cashless OPD adoption across workplaces, scale its Homecare Service, and grow its medicine delivery and diagnostics operations nationwide, while organisations interested in partnership opportunities can reach out at [email protected].