VC Fund Investments
Insurtech platform Pazcare raises $3.5-M led by Beenext, 3ONE4 Capital
Bengaluru-based employee benefits and insurtech platform PazCare has raised USD 3.5 million (INR 25 crore) as part of its seed round, led by Beenext, along with 3ONE4 Capital, and other investors. The round also saw the participation of angel investors including Kunal Shah (CRED), Ashneer Grover (BharatPe), Aprameya R (Koo App), Zishaan Hayath (Toppr), and existing investors Ashish Hemrajani (BookMyShow) and Haresh Chawla(True North), among others. For Pazcare, which claims to be growing 100% month-on-month, these funds will help propel its growth among new categories of customers, accelerating product development, and hiring across all functions. Pazcare enables real-time management of employee benefits and streamlines them in one place. It provides employers and their employees with flexible and personalised benefits, like insurance management, mental health solutions, virtual doctor consultations, comprehensive blood tests, etc.
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