Bangalore-based Pazcare, an employee benefits and insurtech platform, raises $8.2M

Pazcare, a Bangalore-based employee benefits and insurtech platform, announced today it has raised $8.2 million led by Jafco Asia, bringing its valuation to $48 million. The funding also included participation from returning investors 3One4 Capital and BEENEXT.
Pazcare currently offers health, term, accident insurance and outpatient health benefits. It monetizes from service providers through commissions.
The startup says it currently serves more than 130,000 members from over 500 companies on its platform and has seen quarter-on-quarter growth of 100%. Its enterprise clients include Mindtickl

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