Pazcare - About the company
Pazcare is a series A company based in Bengaluru (India), founded in 2020 by Sanchit Malik. It operates as a Provider of employee benefits management platform for companies. Pazcare has raised $12M in funding from investors like 3one4 Capital, JAFCO Asia and Beenext, with a current valuation of ₹*****. The company has 66 active competitors, including 22 funded and 4 that have exited. Its top competitors include companies like Hinge Health, Ekincare and Castlight.
Company Details
Provider of employee benefits management platform for companies. It offers a digital platform to customize and deliver group health insurance, personal accident coverage, term life insurance, wellness programs, and tax-saving wallets like meal, fuel, and multi-benefits options.
- Website
- www.pazcare.com/
- Social
- Email ID
- *****@pazcare.com
- Phone Number
- +91 **********
- Registered Address
- Office No. 1701, 17th Floor, Ambrosia Galaxy, 33/1 Pan Card Club Road, Baner High Street, Hill Road, Baner Gaon, Pune, Haveli, Maharashtra, India, 411045
Key Metrics
Founded Year
2020
Location
Bengaluru, India
Stage
Series A
Total Funding
$12M in 3 rounds
Latest Funding Round
Post Money Valuation
₹***** as on May 19, 2026
Investors
Ranked
13th among 66 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2026
Employee Count
200 as on Aug 31, 2025
Legal entities associated with Pazcare
Pazcare is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
GET PAZ INSURANCE BROKERS PRIVATE LIMITED CIN: U66000PN2021PTC200077 , India, Active | Apr 06, 2021 | 0 - ₹10 Cr (As on Mar 31, 2025) | 182 (As on Apr 01, 2026) | |
GET PAZ SOLUTIONS PRIVATE LIMITED CIN: U72900PN2021PTC198115 , India, Active | Jan 28, 2021 | ₹10 - ₹50 Cr (As on Mar 31, 2026) | 33 (As on Apr 01, 2026) |
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Pazcare's funding and investors
Pazcare has raised a total funding of $12M over 3 rounds. Its first funding round was on Apr 23, 2021. Its latest funding round was a Series A round on Apr 24, 2026 for $*****. 8 investors participated in its latest round. Pazcare has 9 institutional investors and 49 angel investors.
Here is the list of recent funding rounds of Pazcare:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 24, 2026 | 7991600 | Series A | 4673500 | 8369111 | 8471676 | 7742579 |
Jun 13, 2022 | 2813443 | Series A | 6606313 | 6940500 | 7201576 | |
Apr 23, 2021 | 3012519 | Seed | 8440086 | 7184261 |
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Pazcare's founders and board of directors
Founder? Claim ProfileThe founders of Pazcare is Sanchit Malik. Sanchit Malik is the CEO of Pazcare.
Here are the details of Pazcare's key team members:
- Sanchit Malik: Co-Founder & CEO of Pazcare and founder of 2 other companies, Song of India and Townscript. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 2 email addresses and 2 phone numbers
Pazcare's Board of Directors
Pazcare's board has 2 active members. Sanchit Malik and Manish Mishra are part of team.Here is the list of Pazcare's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 5y 8m | |
Team | - | Current | 5y 8m |
View details of Pazcare's Founder profiles and Board Members
Pazcare's employee count trend
Pazcare has 200 employees as of Aug 25. The total employee count is 20.0% more than what it was in Aug 24. Here is Pazcare's employee count trend over the years:
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Pazcare's Competitors and alternates
Top competitors of Pazcare include Hinge Health, Ekincare and Castlight. Here is the list of Top 10 competitors of Pazcare, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Hinge Health 2015, San Francisco (United States), Public | Provider of virtual physical therapy and digital pain care solutions | $854M | 84/100 | |
2nd | Provider of employee health benefits platform offering health and wellness programs | $28M | 79/100 | ||
3rd |  Castlight 2008, San Francisco (United States), Acquired | Cloud-based healthcare information on providers and pricing for enterprises | $181M | 76/100 | |
4th | Visit Health 2016, Noida (India), Series A | Operator of a platform providing wellness and outpatient healthcare benefit solutions | $7.79M | 70/100 | |
5th |  Zenefits 2013, Tempe (United States), Acquired | Cloud-based platform for HR and payroll management solutions | $598M | 70/100 | |
6th | Online platform for booking doctor appointments and consulting healthcare professionals | $231M | 66/100 | ||
7th | Provider of employee health benefits and insurance plans for businesses | $41.2M | 65/100 | ||
8th |  Cerner 1979, North Kansas City (United States), Acquired | Online platform for employee health benefits | - | 65/100 | |
9th | AI-based healthcare management platform offering various solutions | $6.27M | 64/100 | ||
10th | Provider of a monthly subscription-based employee healthcare platform offering group health benefits | $87.9M | 58/100 | ||
13th | Provider of employee benefits management platform for companies | $12M | 55/100 |
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Financials of PazcareFY 26 Available
GET PAZ SOLUTIONS PRIVATE LIMITED, the legal entity associated with Pazcare, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of GET PAZ SOLUTIONS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 44% in the last 1 year.
Financial Statement Summary
Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 5858 | 1374 | 4145 | 2394 | 1424 |
Total Sales | 6318 | 9122 | 2067 | 7496 | 7248 |
Total Expenses | 6376 | 4753 | 1498 | 8076 | 7264 |
Operating Expenses | 7798 | 3648 | 9613 | 7298 | 9050 |
Employee Expenses | 7987 | 8963 | 3282 | 4354 | 6635 |
Operating Income (EBIT) | 6351 | 3566 | 8509 | 3119 | 6297 |
Interest Expenses | 9669 | 6671 | 3547 | 2980 | 1871 |
Expenses from other activities | 1223 | 4199 | 6380 | 1519 | 9598 |
EBITDA | 4565 | 1554 | 9298 | 2327 | 2159 |
Taxes | 1249 | 3361 | 9627 | 6806 | 4278 |
Net Profit | 1217 | 8311 | 6206 | 7988 | 7051 |
Balance Sheet | |||||
Assets | 9550 | 1474 | 8867 | 3933 | 7475 |
Accounts Receivables | 5589 | 6902 | 6136 | 8094 | 5423 |
Inventory | 2845 | 3718 | 5044 | 9448 | 7044 |
Liabilities | 9038 | 2046 | 1132 | 8507 | 6517 |
Total Debt | 8234 | 8439 | 7915 | 2354 | 1786 |
Accounts Payable | 7318 | 7298 | 7544 | 7882 | 6754 |
Equities | 2739 | 9274 | 4160 | 1085 | 5813 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
Pazcare's Investments and acquisitions
Pazcare has made no investments or acquisitions yet.
Reports related to Pazcare
Here is the latest report on Pazcare's sector:
News related to Pazcare
Filter this listMedia has covered Pazcare for 1 event in last 1 year, It was about company updates.
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Pazcare Strengthens Leadership Team to Accelerate 150% Growth in FY25Online Media Cafe•Sep 05, 2025•Pazcare
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greytHR Expands Its Marketplace with Pazcare’s Flexible Group Insurance SolutionsBusinessnewsthisweek•Mar 17, 2025•GreytHR, Pazcare
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Greythr Expands Its Marketplace With Pazcare’s Flexible Group Insurance SolutionsBusinessnewsweek•Mar 17, 2025•Pazcare, GreytHR
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Pazcare Launches FLEX Insurance & Benefits Platform and Step Challenge to Promote Healthier Workplaces, in Partnership with Milind Soman's GreenRide 4.0Asian News International•Dec 16, 2024•Pazcare
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Pazcare appoints Kinshuk Chaturvedi as VP of Retention & OperationsCyberMedia India Online•Dec 06, 2022•Pazcare, Bridgestone India
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Bangalore-based Pazcare, an employee benefits and insurtech platform, raises $8.2MTechCrunch+•Jun 16, 2022•Pazcare, 3one4 Capital, Beenext, JAFCO Asia and 1 other
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Pazcare raises Series A round led by JAS FundEntrackr•Jun 13, 2022•Pazcare, JAS & Company, 3one4 Capital, Beenext
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Pazcare appoints ICICI Lombard's Chetan Paliwal as VP of insurance productsIndiatimes•Mar 15, 2022•ICICI Lombard, Pazcare
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