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Indian insurtech startup Pazcare raises $8 million in Series A round

Pazcare, 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

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Indian insurtech startup Pazcare raises $8 million in Series A round
Photo by Cytonn Photography / Unsplash

Pazcare, 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.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

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