QubeHealth Secures Pre-Series A Funding in India

QubeHealth, a Mumbai-based healthcare payments company, has secured an undisclosed amount in a Pre-Series-A funding round led by Unicorn India Ventures and CanBank Venture Capital Fund, positioning the company for its upcoming Series-A round at a valuation of Rs 270 crore. The funds will be allocated towards enhancing technology and launching new features such as embedded insurance and a generative AI-led recommendation engine. CEO Chris George noted significant growth despite currently focusing on the B2B-2C channel, with employees frequently adding family members to their healthcare plans and making multiple payments monthly. QubeHealth's mobile application, QubePay, facilitates payments for healthcare bills across various providers, benefiting employees from over 300 large corporates like Flipkart and Tata Teleservices. The company aims to raise approximately $9 million in its upcoming Series-A round and has plans to process over Rs 100 crore in healthcare payments by the end of the financial year. This investment underscores a growing trend to alleviate financial stress caused by uncovered medical bills in India.