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Funding · Financial Services

QubeHealth closes Series A at ₹416 crore valuation

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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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