PE-VC Fund Investments
Healthcare-focused fintech co. QubeHealth-Pay raises funding at Rs.416-Cr valuation
Mumbai-based healthcare-focused fintech player QubeHealth-Pay has raised Series A funding from Unicorn India Ventures, IA Growth Opportunities Fund, Brew Opportunities Fund, Finvolve Ventures, FirstPort Capital, and Maithan Family Office. The round values the company at INR 416 crore.Founded in 2019 by Chris George, QubeHealth-Pay operates a healthcare-focused payments platform that enables users to manage medical expenses across a network of hospitals, clinics, diagnostic centers, pharmacies, and individual practitioners. In addition to its direct-to-consumer services, the firm maintains an enterprise client base that includes organisations such as Walmart India, Flipkart, Tata Teleservices, Equitas Small Finance Bank, and Omnicom Group.The new funds will be used to strengthen its technology platform, expand healthcare payments ecosystem, and support international growth initiatives in the Middle East and Southeast Asia.
Between May 2022 and Oct 2024, QubeHealth had attracted about $3-M from Thinkuvate, Canbank Ventures, Unicorn India Ventures and others.For FY25, QubeHealth had reported about Rs.16-Cr in Operating Income and about Rs.9-Cr in Net Loss.
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