About Nova Benefits
Nova Benefits is a company based in Bengaluru (India) founded in 2020 by Yash Gupta and Saransh Garg. Nova Benefits has raised $11 million across 4 funding rounds from investors including Bessemer Venture Partners, Wellfound and Susquehanna. The company has 120 employees as of April 09, 2024. Nova Benefits offers products and services including Group Health Insurance, Telehealth, Mental Wellness, Super Top-Ups, and COVID Insurance. Nova Benefits operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Konfío, among others.
- Headquarter Bengaluru, India
- Employees 120 as on 09 Apr, 2024
- Founders Yash Gupta, Saransh Garg
- Stage Minicorn
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Sectors
Financial ServicesTechnology Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Novabenefits Private Limited
- Date of Incorporation 13 Oct, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$11 M (USD)
in 4 rounds
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Latest Funding Round
Not available
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Investors
Bessemer Venture Partners
& 16 more
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Employee Count
120
as on Apr 09, 2024
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Products & Services of Nova Benefits
Nova Benefits offers a comprehensive portfolio of products and services, including Group Health Insurance, Telehealth, Mental Wellness, Super Top-Ups, and COVID Insurance.
Provides coverage for employee health needs and medical expenses.
Offers remote access to doctors for employee consultations.
Delivers emotional support services for employees.
Adds extra coverage to existing health insurance plans.
Protects against COVID-related health risks.
Funding Insights of Nova Benefits
Nova Benefits has successfully raised a total of $11M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Nova Benefits
Nova Benefits has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Wellfound and Susquehanna.
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Early-stage investments in startups are managed by SHL Capital.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Potato farming, grain marketing, and equipment services are conducted in Maine.
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Investor details for Nova Benefits
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Nova Benefits
Investment portfolio details for Nova Benefits
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
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Financial Statements - Nova Benefits
Detailed financials for Nova Benefits
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
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Nova Benefits Comparisons
Peer comparison for Nova Benefits
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Nova Benefits
Nova Benefits operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Practo, Accolade, Sharecare and Konfío, among others.
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Virtual physical therapy and digital pain care solutions are provided.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Health and wellness social network for employees is provided.
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Financial solutions platform provider
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Cloud-based employee benefits administration solutions are delivered.
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Detailed competitors of Nova Benefits
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Latest news on Nova Benefits
Complete news archive for Nova Benefits
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Frequently Asked Questions about Nova Benefits
Nova Benefits was founded in 2020.
Nova Benefits is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Saransh Garg is the current CEO of Nova Benefits. They have also founded this company.
Nova Benefits is a funded company, having raised a total of $11M across 4 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Nova Benefits is 120.
Online employee health benefits platform for businesses. It offers solutions for dental benefits, patient treatment, mental health counseling, maternity cover, room rent limits, disease-wise capping, OPD coverage, health checkups, and more. It provide a tech-first platform for access to insurance and wellness solutions, aiming to make workplaces. It also offers claim assistance support for employees.
Nova Benefits's top competitors include Accolade, Hinge Health and Wellhub.
Nova Benefits offers Group Health Insurance, Telehealth, Mental Wellness, Super Top-Ups, and COVID Insurance.
Nova Benefits has 17 investors. Key investors include Bessemer Venture Partners, Wellfound, Susquehanna, Multiply Ventures, and SHL Capital.
The valuation of Nova Benefits is $41.08M as of Sep 2021.