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

Oluwajuwonlo Afolabi -

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.