Pazcare funding, investors and company details

Pazcare is an emerging Insurance startup from Bengaluru, working in the space of Pazcare operates in the insurance industry, specifically the insurtech and employee benefits sector. Founded by Sanchit Mathur, Manish Mishra.

Company: GET PAZ SOLUTIONS PRIVATE LIMITED
Sector: Insurance
Location: Bengaluru
Founders: Sanchit Mathur, Manish Mishra
Total funding raised: ₹64.74 Cr

Company overview

Pazcare is an insurtech platform delivering employee insurance and benefits management for Indian companies, founded in 2020 in BengaluruPazcare offers group health insurance, personal accident coverage, term life insurance, wellness packages, and tax-saving perks through a digital platform and mobile app for claims, network hospitals, and benefit details. Serving 2000+ firms like Mamaearth, BookMyShow, Levi's, and Mindtickle with 130K+ members, it has raised $8.2M from 3One4 Capital, BEENEXT, and others.Pazcare aims to transform employer-employee relationships by digitizing benefits access for SMBs/enterprises, boosting penetration (currently low in India), enhancing satisfaction via seamless claims/wellness, and scaling to 1M employers/100M employees as a one-stop benefits shop. It offers a digital platform to customize and deliver group health insurance, personal accident coverage, term life insurance, wellness programs, and tax-saving wallets like meal, fuel, and multi-benefits options.

Funding rounds

Latest round (Series A): $ 8.20 Mn (₹64.74 Cr.), 2022-06-16. Investors: Jafco Asia