The company plans to use the funding to scale business & engineering teams so as to solve some of the hardest engineering challenges in Insurtech and build innovative distribution channels. Incubate Fund spearheaded the round while the round also participation from Gemba Capital and Tracxn Labs. The round in the Bengaluru-based startup has been led by seed-focused Incubate Fund, with participation from Gemba Capital and Tracxn Labs, Plum said in a statement. Bengaluru-based Plum Benefits, which runs an eponymous group health insurance platform, has raised $928,000 (Rs 7 crore) in a seed funding round led … Plum Benefits Pvt. Existing investors, including Incubate Fund, also participated in the funding round, a statement said. Earlier this month, RCP completed a $2 million equity investment in PLUM through its technology fund, Strategic Technology … Plum, a Bengaluru-based group health insurance startup that works with corporates, has raised Rs 7 crore in seed funding.. SAN FRANCISCO, March 31, 2020 /PRNewswire/ -- Resolute Capital Partners ("RCP"), announced today the company has joined Elliott Management, a hedge fund manager, and Soft Bank, a high-tech funding firm, by investing alongside them in PLUM® Lending ("PLUM"). The company plans to use the funding to scale business & engineering teams so as to solve some of the hardest engineering challenges in Insurtech and build innovative distribution channels. The funding round was led by Incubate Fund with participation from Gemba Capital and Tracxn Labs along with angel investors including Abhijit Gupta and Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando and Alvin Tse of Xiaomi. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. Plum, the employee insurance startup, will use the funding to expand into new markets, build new distribution channels, hire top talent and further develop product and tech. Plum is a trading name of Plum Fintech Limited. Seed, Series A, Private Equity) Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. Plum, a Bengaluru based group health insurance startup, has raised Rs 7 Crores in seed funding. Updated: 26 Nov 2020, 11:16 PM IST Saumya Tewari. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. 30 crores in funding round led by popular investor Sequoia Capital’s Surge Ventures. The current round of funding is led by Venture Friends a prominent European VC. Employee insurance start-up Plum on Thursday said it has raised USD 4.1 million (about Rs 30.2 crore) in funding, led by Sequoia Capital India’s Surge and Tanglin Venture Partners. Give your employees access to great care with Plum. Plum is currently available in more than 220 cities at 6,000 retail outlets, Plum raises ₹ 110 cr in series B funding 1 min read. The company plans to use the funding to scale business & engineering teams so as to solve some of the hardest engineering challenges in Insurtech and build innovative distribution channels. The Startuplab is all in one destination for all your startup needs. Plum has fundraised US$4.1 million, which was led by Sequoia Capital India’s Surge and Tanglin Venture Partners. This is the second round of funding for the insurance company after raising Rs. The company plans to use the funding to scale business and engineering teams to solve some of the hardest engineering challenges in Insurtech and build innovative distribution channels. Going […] Health insurance start-up, Plum has raised Rs 7 Crore in seed funding.The InsurTech provides health benefits to corporates with high quality and affordable employee health insurance to provide employers and employees with more flexibility, transparent pricing, and high-quality healthcare experience. Plum, a Bengaluru-based group health insurance start-up, providing modern health benefits to corporates, has raised ₹7 crore in seed funding. The company plans to use the funding to scale business & engineering teams so as to solve some of the hardest engineering challenges in Insurtech and build innovative distribution channels. Plum is on a mission to enable employee group health insurance for over 1.1 million companies in India by reinventing how health insurance works. The company plans to use the funding to scale business & engineering teams so as to solve some of the hardest engineering challenges in Insurtech and build innovative distribution channels. Health Insurance Company, Plum Insurance has recently raised Rs. DaMENSCH : Premium men’s innerwear brand DaMENSCH has raised $6.75 million in its Series A funding round from Matrix Partners India, Saama Capital, Whiteboard Venture Partners and Alteria Capital. Bengaluru based group health insurance start-up, Plum, has raised INR 7 Crores in seed funding. The round was led by Incubate Fund with participation from Gemba Capital and Tracxn Labs along with angel investors, including Abhijit Gupta and Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando, and Alvin Tse of Xiaomi. Plum's group health insurance comes with no surprises, no hidden costs & no out-of-pocket expenses. Plum Insurance: Health insurance startup Plum Insurance that works with corporates, has raised $4 million in a round led by Sequoia’s Surge Ventures. From Compliance to funding and everything in between. Plum is authorised and regulated by the Financial Conduct Authority (FRN: 836158) to carry out payment services activities as a Registered Account Information Service Provider, under the Payment Services Regulations 2017. He joined PLUM Lending from Trimont Real Estate Advisors where he advised leading private equity firms, life insurance correspondents, CMBS lenders, warehouse lenders in evaluating positions throughout the capital stack including liquid and non-liquid debt instruments. Existing investors, including Incubate Fund, also participated in the funding round, a statement said. Clutch of angel investors including Abhijit Gupta and Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando and Alvin […] Plum provides best-in-class health insurance at affordable price. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. View company info, jobs, team members, culture, funding and more. Plum, a Bengaluru based group health insurance startup, providing modern health benefits to corporates, has raised INR 7 Crores in seed funding. Entrepreneur - The company aims to become the de facto employee health insurance provider for over 1 millioncorporates in India You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Existing investors, including Incubate Fund, also participated in the funding round, a statement said. The company plans to use the funding to scale business & engineering teams so as to solve some of the hardest engineering challenges in Insurtech and build innovative distribution channels. Plum’s growth has been very strong, in the last year we grew over 6x from 21.6k users to 130k+ users and had 80+ press mentions and were live on Sky. Bengaluru based Health Insurance startup, Plum, has raised INR 7 Crores in a seed funding round. Employee insurance start-up Plum on Thursday said it has raised USD 4.1 million (about Rs 30.2 crore) in funding, led by Sequoia Capital India's Surge and Tanglin Venture Partners. LAS VEGAS, Sept. 17, 2019 - Plum, a software-as-a-service company that provides enterprise organizations with the data they need to quantify the potential of their workforce, announced today that it has raised $4.2M USD in seed funding.In combination with their previous Angel round, Plum has raised a total of $6.1M to date. New Delhi, Nov 26: Employee insurance start-up Plum on Thursday said it has raised USD 4.1 million (about Rs 30.2 crore) in funding, led by Sequoia Capital India’s Surge and Tanglin Venture Partners. Indian employee insurance provider Plum on Thursday announced to … Insurtech platform Plum realised this early and is hence trying to ease up the hassle that usually come up with employees’ group insurance. Bengaluru-based Plum Benefits, which operates group health insurance platform Plum, has raised $4.07 million (Rs 30.18 crore as per current exchange rates) in an ongoing seed funding round led by Sequoia-backed Surge Ventures II. Mr. ... Health Insurance Startup ‘Plum Insurance’ Raises Rs 30 Crore Funding. Bengaluru-based health insurance startup, Plum has raised Rs 7 crore in series Seed round funding from Incubate Fund, Gemba Capital, and others. Vegan beauty company Plum has raised Series B funding of Rs 110 crore led by Faering Capital.Plum's existing investors include Unilever Ventures.The company said Plum, which debuted in 2014, has a footprint across 200 cities at 6,000-plus retail outlets, and … Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. ... Last funding round type (e.g. Plum: High quality and affordable employee health insurance. Plum has raised a total of $5.1M in funding across 2 rounds. The Startup Lab. Ltd, which helps companies set up group health insurance programmes, has raised Rs 7 crore ($927,994 at current exchange rate) in a seed funding round. Plum last raised $4.1M false. 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