QubeHealth, a Mumbai, India-based healthcare payments company, raised an undsclosed amount in Pre-Series A funding, at Rs. 270 Crore valuation.
The round was led by Unicorn India Ventures and CanBank VC.
The company intends to use the funds to invest in technology and new features, including embedded insurance, a generative AI-led recommendation engine, and a healthcare marketplace.
Led by CEO Chris George, QubeHealth is a healthcare payments company integrating a ‘payments infrastructure’, interest-free healthcare financing, health insurance, and healthcare providers. Its users are employees of Indian companies who have subscribed to Qube’s healthcare payment products for their employees, usually as an add-on to their corporate group health insurance plan. Employees (users) can pay any healthcare provider (hospitals, clinics, pharmacies, etc.) across India through its mobile application (“QubePay”), with no restrictions on healthcare provider networks or restrictions on family members.
Qube’s user base includes employees and their families from over 300 large Indian corporates, such as Flipkart and Tata-Teleservices. The company is seeking to raise $9m in its upcoming Series-A round.
FinSMEs
05/11/2024