QubeHealth raises pre-series A funding from UIV, CanBank

Deep-Tech focused, early-stage venture fund, Unicorn India Ventures and CanBank Venture Capital Fund, led an undisclosed investment into the Mumbai-based healthcare payments company, QubeHealth, as part of its Pre-Series-A round, setting up the company for its upcoming Series-A round at a valuation of Rs. 270 crore.

Funds raised will be used for further investment in technology and new feature launches like embedded insurance, gen-AI led recommendation engine and a healthcare marketplace. Qube is looking to raise about $9 million in its upcoming Series-A.

"We are seeing massive growth, even though we are limited to the B2B-2C channel, for now," said Chris George, co-founder & CEO, QubeHealth.


“Employees of our corporate clients, are adding their family members, and are paying for their healthcare multiple times in a month, giving us deep insights about out-of-pocket healthcare spending in India. We look forward to leveraging the support and guidance of these two institutional investors, as we grow and prepare for our upcoming Series-A,” George said.

QubeHealth-Pay’s app helps Indians pay for their family’s healthcare bills, using multiple fund sources, at any hospital, clinic, doctor or pharmacy, offering an instant discount cash-back on every bill paid, and access to instant medical finance, if the bill is not covered through your health insurance.

Qube’s users are employees and their families, of large Indian corporates like Flipkart, Tata-Teleservices and 300 other employers, who use the QubePay mobile app, to scan and pay at any health or medical merchant in India.

TalkingQube has been growing at over 400% this year, distributing its product exclusively through the B2B2C channel of employers, to their employees and their families. Qube is on track to process over Rs. 100 Crore of healthcare payments by the end of this financial year.