PazCare, a representative benefits and insurtech platform, has raised $3.5 million in its seed round led by BEENEXT and 3one4 Capital.
A grasp of investors, for example, Kunal Shah, Ashneer Grover, Aprameya R, ZishaanHayath and existing backers, for example, Ashish Hemrajini and Haresh Chawla among others have also participated.
According to the Bengaluru-based startup, the new capital will be utilized in expanding its customer base across new categories, in item development and hiring across all functions.
Founded by Sanchit Malik and Manish Mishra, Pazcare provides employers and their workers with adaptable and personalized benefits, thereby transforming the business representative relationship at scale. It offers benefits and insurance management, mental health solutions, virtual doctor consultations and exhaustive blood tests.
Within a span of seven months, Pazcare claims to have achieved upward development and has already partnered with more than 150 employers, including Betterplace, Vedantu, WazirX, Payback, Mamaearth, and Toppr among others.
The startup has more than 80,000 users as of now. It plans to onboard more than 500 corporates over the upcoming two quarters.
