Insurtech platform Pazcare raises $8.2 million in funding led by Jafco Asia, at a $48 million valuation. Founded in 2021 by Sanchit Malik and Manish Mishra, Pazcare says it will use the funding to improve its product line and expand its solutions for employee benefits and group healthcare schemes. This B2B platform has continued from its successful Series A funding, with existing investors 3one4 Capital and Beenext returning to participate. Sanchit Malik said, “we believe health and life insurance penetration will be employer-driven and we want to play an important role in providing world-class benefits to Indian employees.”
Source: Economic Times