Mumbai-based healthcare payments platform QubeHealth-Pay has closed its Series A funding round at a valuation of Rs 416 crore ($44 million), from investors including Unicorn India Ventures, IA Growth Opportunities Fund, Brew Opportunities Fund, Finvolve Ventures, FirstPort Capital, and Maithan Family Office.
The company did not disclose the amount raised. Back in November last year, the firm had raised funds from Unicorn India Ventures and CanBank Venture Capital Fund for its pre-Series A round.
The proceeds will be used to strengthen the company’s platform, expand its healthcare payments ecosystem, and support future expansion into international markets, including the Middle East and Southeast Asia.
Founded by Chris George, QubeHealth-Pay offers a healthcare-focused fintech platform that enables users to pay medical expenses across hospitals, clinics, pharmacies, diagnostic centres, and doctors without network restrictions. The platform also provides cashback rewards and access to healthcare financing for expenses not covered by insurance.
According to the company, more than 200,000 families and over 700,000 individuals use the platform. Users reportedly access the app 9.3 times a month on average for healthcare-related payments.
QubeHealth-Pay processed Rs 100 crore in healthcare payments during FY26 and is currently on track to cross Rs 240 crore in FY27. The company aims to surpass $1 billion in payment volume by FY30.
The startup has also partnered with over 15,000 healthcare providers across categories such as diagnostics, dental care, eye care, dermatology, and mental health.
Its enterprise clients include Walmart India, Flipkart, Tata Teleservices, Equitas Small Finance Bank, and Omnicom Group.
