Founded in 2019 by Chris George and Gagan Kapur, Mumbai-headquartered QubeHealth ensures employees have immediate access to medical funds. It serves over 300 companies, covering about 1.5 lakh employees and their families.
How much are you paying for health insurance premiums? A lot in recent years. In fact, many costs, including diagnostics and consultations, remain uncovered for those availing of employer-provided health insurance; not to mention the extra hospital expenses one pays out of their pocket. According to the Acko India Health Insurance Index 2024, healthcare costs in India are rising at an annual rate of 14%, with 62% of hospital expenses paid out of pocket and 23% covered through borrowings. Further, increased demand for advanced treatments and a higher incidence of chronic diseases among Indians have shot up medical inflation and insurance premiums in the country.
A study by Policybazaar.com found that while most customers saw renewal premium hikes of under 10%, nearly 5% experienced increases of over 30%, with some premiums rising to 200% over the last decade—forcing many to liquidate their savings or assets to afford medical care.
“While corporate insurance penetration is high, employees still struggle with everyday c that are either uncovered or require cumbersome reimbursements,” Chris George, Co-founder and CEO of QubeHealth, tells ,
Recognising this challenge, George and Gagan Kapur launched QubeHealth in 2019 to ensure employees have immediate access to medical funds by integrating UPI-based payments, no-cost financing, and embedded insurance into employee benefits.
“Our goal was to create a platform that provides instant access to funds for seamless medical payments,” he says, adding the Mumbai-based B2B healthcare payments startup has a team of about 12 employees.
George, an MBA from NYU-Stern, had earlier launched an ecommerce venture EasyBuyMusic/EasyBuyStore, backed by ICICI Ventures, and later EBS Worldwide, a tech-driven marketing services group, before starting QubeHealth. Kapur, his acquaintance of 25 years, served as the Country Head for Argonaut Private Equity and spent over a decade at EY.
Source: Your story
#healthcarestartupfunding #fundingindia #dseidehealthcarenetwork
How much are you paying for health insurance premiums? A lot in recent years. In fact, many costs, including diagnostics and consultations, remain uncovered for those availing of employer-provided health insurance; not to mention the extra hospital expenses one pays out of their pocket. According to the Acko India Health Insurance Index 2024, healthcare costs in India are rising at an annual rate of 14%, with 62% of hospital expenses paid out of pocket and 23% covered through borrowings. Further, increased demand for advanced treatments and a higher incidence of chronic diseases among Indians have shot up medical inflation and insurance premiums in the country.
A study by Policybazaar.com found that while most customers saw renewal premium hikes of under 10%, nearly 5% experienced increases of over 30%, with some premiums rising to 200% over the last decade—forcing many to liquidate their savings or assets to afford medical care.
“While corporate insurance penetration is high, employees still struggle with everyday c that are either uncovered or require cumbersome reimbursements,” Chris George, Co-founder and CEO of QubeHealth, tells ,
Recognising this challenge, George and Gagan Kapur launched QubeHealth in 2019 to ensure employees have immediate access to medical funds by integrating UPI-based payments, no-cost financing, and embedded insurance into employee benefits.
“Our goal was to create a platform that provides instant access to funds for seamless medical payments,” he says, adding the Mumbai-based B2B healthcare payments startup has a team of about 12 employees.
George, an MBA from NYU-Stern, had earlier launched an ecommerce venture EasyBuyMusic/EasyBuyStore, backed by ICICI Ventures, and later EBS Worldwide, a tech-driven marketing services group, before starting QubeHealth. Kapur, his acquaintance of 25 years, served as the Country Head for Argonaut Private Equity and spent over a decade at EY.
Source: Your story
#healthcarestartupfunding #fundingindia #dseidehealthcarenetwork
Founded in 2019 by Chris George and Gagan Kapur, Mumbai-headquartered QubeHealth ensures employees have immediate access to medical funds. It serves over 300 companies, covering about 1.5 lakh employees and their families.
How much are you paying for health insurance premiums? A lot in recent years. In fact, many costs, including diagnostics and consultations, remain uncovered for those availing of employer-provided health insurance; not to mention the extra hospital expenses one pays out of their pocket. According to the Acko India Health Insurance Index 2024, healthcare costs in India are rising at an annual rate of 14%, with 62% of hospital expenses paid out of pocket and 23% covered through borrowings. Further, increased demand for advanced treatments and a higher incidence of chronic diseases among Indians have shot up medical inflation and insurance premiums in the country.
A study by Policybazaar.com found that while most customers saw renewal premium hikes of under 10%, nearly 5% experienced increases of over 30%, with some premiums rising to 200% over the last decade—forcing many to liquidate their savings or assets to afford medical care.
“While corporate insurance penetration is high, employees still struggle with everyday c that are either uncovered or require cumbersome reimbursements,” Chris George, Co-founder and CEO of QubeHealth, tells ,
Recognising this challenge, George and Gagan Kapur launched QubeHealth in 2019 to ensure employees have immediate access to medical funds by integrating UPI-based payments, no-cost financing, and embedded insurance into employee benefits.
“Our goal was to create a platform that provides instant access to funds for seamless medical payments,” he says, adding the Mumbai-based B2B healthcare payments startup has a team of about 12 employees.
George, an MBA from NYU-Stern, had earlier launched an ecommerce venture EasyBuyMusic/EasyBuyStore, backed by ICICI Ventures, and later EBS Worldwide, a tech-driven marketing services group, before starting QubeHealth. Kapur, his acquaintance of 25 years, served as the Country Head for Argonaut Private Equity and spent over a decade at EY.
Source: Your story
#healthcarestartupfunding #fundingindia #dseidehealthcarenetwork

