Insurtech startup Plum has secured ₹193 Cr ($20.6 Mn) in its Series B funding round to strengthen its employee health benefits platform. The funding, led by Peak XV Ventures with participation from Tanglin Venture Partners and GMO Venture Partners, will enable Plum to expand into preventive care, primary care, mental wellness, and telehealth.
Plum’s focus on technology includes plans to invest in talent acquisition, enhance enterprise-grade security, and develop AI-driven claims operations. The startup aims to deepen integrations with HR and payroll systems to enhance the employee healthcare experience.
Founded in 2019, Plum serves over 6,000 organizations, including Zomato, Swiggy, Atlassian, and CRED, offering insurance, healthcare, and well-being benefits to employees. With a track record of profitability, Plum’s latest funding round underscores its commitment to innovation in the insurtech space.
Source: Inc42 Media