Funding · Financial Services
QubeHealth closes Series A at ₹416 crore valuation
By Startup Enthusiast ·
- Date
- Company
- QubeHealth
- What it does
- Healthcare-focused fintech for medical payments
- Kind
- Funding
- Amount
- Undisclosed
- Stage
- series-a
- Sector
- Financial Services
What they do
QubeHealth is a healthcare-focused fintech platform for medical payments across hospitals, clinics, pharmacies, and diagnostic centres
What happened
It raised an undisclosed amount in Series A funding from six investors at a valuation of ₹416 crore ($44 million)
Why it matters
The company processes about ₹100 crore in annual payment volume and targets ₹240 crore in FY27
The details
- QubeHealth has closed a Series A funding round.
- The round was led by Unicorn India Ventures, IA Growth Opportunities Fund, Brew Opportunities Fund, Finvolve Ventures, FirstPort Capital, and Maithan Family Office.
- The company's valuation is ₹416 crore ($44 million).
- The exact amount raised has been kept undisclosed.
- The funds will be used to strengthen the technology platform and expand the healthcare payments ecosystem.
- QubeHealth also plans to support international expansion into the Middle East and Southeast Asia.
The bigger picture
- The healthcare payments sector is seen as a promising fintech segment addressing affordability and accessibility gaps.
- QubeHealth's payment volume for FY26 was approximately ₹100 crore, with a target of ₹240 crore for FY27.
- The company aims to reach $1 billion in payment volume by FY30.
About the business
- QubeHealth is a healthcare-focused fintech platform for medical payments.
- It works across hospitals, clinics, pharmacies, diagnostic centres, and doctors without network restrictions.
- The platform offers cashback rewards and healthcare financing for expenses not covered by insurance.
- Users can also access employer health benefit funds through the app.
- QubeHealth serves over 200,000 families and over 700,000 individuals.
- The average app usage is 9.3 times per month.
- Its healthcare provider network includes over 15,000 partners in diagnostics, dental, dermatology, eye care, mental health, pharmacies, and clinics.
- Enterprise clients include Walmart India, Flipkart, Tata Teleservices, Equitas Small Finance Bank, and Omnicom Group.
What happens next
- Strengthen the technology platform.
- Expand the healthcare payments ecosystem.
- Support international expansion into the Middle East and Southeast Asia.
The deal
- Type
- Series A
Investors
- Unicorn India Ventures (participated)
- IA Growth Opportunities Fund (participated)
- Brew Opportunities Fund (participated)
- Finvolve Ventures (participated)
- FirstPort Capital (participated)
- Maithan Family Office (participated)
Founders
- Chris George, Group CEO
- Gagan Kapur, Chairman
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