Mumbai-based healthcare payments platform QubeHealth-Pay has completed its Series A funding round at a valuation of ₹416 crore ($44 million), strengthening its position in the fast-growing intersection of healthcare and financial technology, as per a report by Entrackr.
The round attracted participation from several investors, including Unicorn India Ventures, IA Growth Opportunities Fund, Brew Opportunities Fund, Finvolve Ventures, FirstPort Capital and Maithan Family Office. While the company confirmed the close of the round, it did not disclose the amount raised.
The latest investment follows a pre-Series A round completed in November last year, when the company secured funding from Unicorn India Ventures and CanBank Venture Capital Fund. QubeHealth-Pay said the fresh capital will be deployed to enhance its technology platform, deepen its healthcare payments ecosystem and support expansion into overseas markets.
The company is targeting growth opportunities in the Middle East and Southeast Asia as it looks to broaden its footprint beyond India. Founded by Chris George and Gagan Kapur, the startup offers a healthcare-focused payments platform designed to simplify medical spending. Users can make payments across hospitals, clinics, pharmacies, diagnostic centres and doctors without being restricted to a specific healthcare network.
The platform also provides financing options for medical expenses not covered by insurance and offers rewards for healthcare spending. According to the company, the platform currently serves more than 200,000 families and over 700,000 individual users. It says customers engage with the app frequently, using it on average more than nine times a month for healthcare-related transactions. QubeHealth-Pay has also built a sizeable healthcare provider network, partnering with more than 15,000 service providers across diagnostics, dental care, eye care, dermatology, mental health and other healthcare segments.
The company has reported strong growth in transaction volumes. It processed healthcare payments worth ₹100 crore during FY26 and expects that figure to rise to more than ₹240 crore in FY27. Looking further ahead, the startup has set an ambitious target of crossing $1 billion in payment volume by FY30. Its enterprise customer base includes major organisations such as Walmart India, Flipkart, Tata Teleservices, Equitas Small Finance Bank and Omnicom Group, reflecting growing corporate interest in healthcare-focused financial solutions for employees.
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