SANCHIT MALIK’S (SLP PUNE, 2013) PAZCARE (EMPLOYEE BENEFITS AND INSURTECH PLATFORM) RAISES $3.5MMarch 12, 2022, 1:59 p.m.
Pazcare raised $3.5M in the seed funding round led by BEENEXT, with 3one4 Capital and other investors. It featured in YourStory Media for the same. The round also witnessed the participation of angel investors, including Kunal Shah (CRED), Ashneer Grover (BharatPe), Aprameya R (Koo App), and Zishaan Hayath (Toppr). Existing investors Ashish Hemrajani (BookMyShow) and Haresh Chawla (True North) participated among other marquee investors.
Co-founded by SLP Fellow Sanchit Malik, Pazcare aims to bridge the gap between health insurance and out-of-pocket expenditure on healthcare. It is helping employers to make informed healthcare decisions for their employees. Within just seven months after its inception in 2020, Pazcare has touched the lives of over 80,000 users. It intends to onboard over 500 corporates over the next two quarters.
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