PE Fund Investments
Insurtech platform Pazcare raises $8.2 M from Jafco Asia, 3one4 Capital, Beenext
Bengaluru-based employee benefits and insurtech platform PazCare has raised USD 8.2 million in a Series A round - at a valuation of INR 370 crore (USD 48 million) - led by Jafco Asia along with existing investors 3One4 Capital and Beenext. Founded in 2020, Pazcare helps employers manage multiple insurance schemes for employees. It claims to have served more than 130,000 members. Pazcare will use the fresh capital to expand its product line.
From the Venture Intelligence PE-VC Deal Database: In October 2021, PazCare had raised over USD 3.5 million from Beenext and 3one4 Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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