Ex-Google exec joins pre-series A round of employee-focused healthtech firm

India-based healthtech firm Qube Health announced it has raised an undisclosed amount in its pre-series A round led by Inflection Point Ventures.

Chris George, co-founder and CEO of Qube Health / Photo credit: Qube Health

Investors include the Burman Family Office, Keiretsu Forum, and Avanti Fellows co-founder Akshay Saxena, as well as Alan Gertner, founding member of Google’s first global business strategy team.

The fresh funds will be used to develop the company’s tech stack for its users. Qube Health also aims to increase hiring to manage the over 300 corporate clients it targets to manage over the next year.

The company provides primary care, health screening, and other non-insurance healthcare services to employees in companies across industries including financial services, food services, facility management, and manufacturing.

“Majority of the healthcare expenditure in India is non-insurance paid. This is very unlike other countries, and while the health insurance industry in India is growing, the out-of-pocket healthcare industry is growing even faster,” said Chris George, co-founder and CEO of Qube Health.

The healthtech firm partners with insurance companies, insurance brokers, e-pharmacy chains, and others within the Indian healthcare industry to carry out its services.

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“The company aims to have 1 million individuals on its healthtech platform by 2022, and we believe in their model to help them achieve their ambition,” said Mitesh Shah, co-founder of Inflection Point Ventures, which looks to invest 155 million rupees (US$20.7 million) this year across over 60 startups.