Mumbai-based startup QubeHealth closes Pre-Series-A funding
QubeHealth, a Mumbai-based ‘Fin-Tech for Health-Tech’ early-stage startup, has raised an undisclosed Pre-Series-A round led by the US-based New Horizon Ventures, ThinKuvate (Singapore) and existing investor Keiretsu Forum.
The startup focuses on solving the healthcare financing problem for healthcare expenditure that is not covered by health insurance. Corporate employees can subscribe to this service and avail No-Cost EMI Healthcare Finance. QubeHealth will use the fund to scale up the business and to invest further in building the ‘healthcare commerce’ technical infrastructure and expanding its healthcare marketplace.
The company expects over 100,000 subscribers and a healthcare credit of Rs 1000 Crores to be made available to these subscribers by March 2023.
QubeHealth has strategically partnered with over 600 brands of health service providers and over 11,000 hospitals and clinics across the country.
“We’re on a mission to change the way we Indians will pay for healthcare and providing no-cost healthcare credit is just the start. By 2025, we will deploy over a billion dollars in healthcare financing to employed Indians, putting the power back into their hands, when it comes to accessing healthcare for their family,” said Chris George, co-founder & CEO of QubeHealth
Axiomatic Ventures, Inflection Point Ventures, an existing investor, and other angel investors from India and the US also participated in the round.