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# Indian insurtech startup Pazcare raises $8 million in Series A round
- URL: https://www.techloy.com/indian-insurtech-startup-pazcare-raises-8-million-in-series-a-round/
- Published: 2022-06-13T17:23:54.000Z
- Updated: 2022-12-08T01:37:12.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Insurtech, Tech in India

[Pazcare,](https://www.pazcare.com/) an insurtech and employee healthcare benefits firm based in India has raised $8 million in its Series A funding round led by JAS Fund. 

- Founded 12 months ago, Pazcare lets employers (startups and SMEs) buy group health and term insurance policies for their employees.
- The new investment round gives JAS Fund, 3one4 Capital, and Beenext Asia 7.65%, 14.42%, and 15.79% stakes respectively in the firm.
- Haresh Chawla, Ashish Hemrajani, and Vaibhav Jain participated in the new round as angel investors.
- The firm raised $3.5 million in its seed round led by BEENEXT, 3one4 Capital, and angel investors.