About Plum
Plum is a Financial Services company based in Bengaluru (India) founded in 2019 by Saurabh Arora and Abhishek Poddar. Employee health benefits and insurance solutions are provided by Plum. It operates on a InsurTech and Subscription Services model in Financial Services, Technology, and Healthcare sectors. Plum has raised $41.23 million across 4 funding rounds from investors including Angel List, Wellfound and Peak XV Partners. The company has 109 employees. Plum was last valued at $83.04 million in May 2021. Its chief executive, as recorded, is Abhishek Poddar. Its website plumhq.com draws about 131 thousand monthly visits. Its Indian entity Plum Benefits Private Limited reported revenue of ₹12.21 Cr. Plum offers products and services including Group Health Insurance, Group Term Life Insurance, Group Personal Accident Insurance, and Telehealth Services. Its focus areas include Insurance and Health Insurance.
Company details
Plum is recognized as a leading provider of employee health benefits and insurance solutions in India. Comprehensive group health, term life, and personal accident insurance plans are offered to businesses ranging from startups to enterprises. Holistic healthcare services, including telehealth, health checkups, and mental health support, are integrated to ensure employee well-being. Advanced technology and seamless API integrations with insurers and HRIS tools are utilized to enhance benefits management and claims processing. Customized solutions are designed for startups, small and medium businesses, and large enterprises, ensuring scalability and efficiency. A commitment to care and transparency is maintained, redefining insurance and healthcare partnerships across diverse sectors.
- Headquarters Bengaluru, India
- Employees 109
- Founders Saurabh Arora, Abhishek Poddar
- Stage Minicorn
- SectorsFinancial ServicesTechnology Healthcare
- Website category Finance · Investing
- Email••••••••
- Website plumhq.com
- Social LinkedIn X Facebook Instagram
- Legal Name Plum Benefits Insurance Brokers Pvt Ltd
- Date of Incorporation 20 Nov, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹12.21 Cr
FY 2024 · +75% YoY
- Net Loss-₹25.53 Cr
FY 2024 · -56% margin
- EBITDA-₹24.30 Cr
FY 2024 · -54% margin
- Total Equity Funding$41.23M (USD)
in 4 rounds
- Latest Funding Round$20.5M (USD), Series B
Mar 2026
- InvestorsAngel List
& 39 more
- Employee Count109
Associated legal entities of Plum
Plum is associated with 2 registered companies on The Company Check; the primary company is Plum Benefits Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Plum Benefits Private Limited CIN U74140KA2019PTC129875 | Active | 20 Nov 2019 | Bangalore, Karnataka | ₹12.2 Cr | 109 | 3 | View details |
| Plum Benefits Insurance Brokers Private Limited CIN U66000KA2022PTC160458 | Active | 25 Apr 2022 | Bangalore, Karnataka | ₹60.6 Cr | 208 | 2 | View details |
Products & Services of Plum
Plum offers a comprehensive portfolio of products and services, including Group Health Insurance, Group Term Life Insurance, Group Personal Accident Insurance, and Telehealth Services.
Comprehensive health coverage is provided for employee teams.
Life insurance coverage is offered for employee groups.
Accident coverage is ensured for employee protection needs.
Virtual consultations are facilitated with leading Indian doctors.
Funding Insights of Plum
Plum has successfully raised a total of $41.23M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $20.5 million completed in March 2026. 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.
- Total Funding $41.23M
- Total Rounds 4
- Last Round Series B — $20.5M
- First Round $975,637
(Feb 2020)
- Investors Count 40
All 4 funding rounds of Plum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2026 | $20.5M | Series B | – | Peak XV Partners | |
| May 2021 | $15.7M | Series A | $83.04M | Tiger Global Management, Tanglin Venture Partners | |
| Nov 2020 | $4.06M | Seed | $19.21M | Surge, Tanglin Venture Partners | |
| Feb 2020 | $975,637 | Seed | $••••• | Incubate Fund India |
| Date | Valuation | Stage |
|---|---|---|
| May 2021 | $83.04M | •••••••• |
| Nov 2020 | $19.21M | •••••••• |
| Feb 2020 | $••••• | •••••••• |
Full valuation and stage history of Plum
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $83.04M (May 2021). 40 investors in total: 15 institutional and 25 angel.
Investors in Plum
Plum has secured backing from 40 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
Venture capital fund investing in early-stage tech startups | 2016 | incubatefund.in | Tokyo, Japan | |
Venture capital firm backing startups in Fintech and Consumer Tech sectors. | 2017 | gembacapital.in | Bengaluru, India | |
Independent VC firm | tanglinvp.com | Singapore, Singapore | ||
Private equity firm focused on multiple sectors | meyerkeith.com | New York, United States | ||
Venture capital fund investing in internet sectors | indiainternetfund.com | Delhi, India | ||
Venture capital funding is provided to innovative startups in India. | Mumbai, India | |||
Venture capital fund investing in early-stage tech startups | ||||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India |
Investor details for Plum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Plum Benefits Private Limited (Plum)
Plum Benefits Private Limited is the primary company behind Plum. The boards of the 2 registered companies of Plum currently have 3 directors; the longest-serving is Abhishek Poddar, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Poddar DIN 07809382 | Director | 25 Apr 2022 | 4 yrs 6 mo | Plum Benefits Insurance Brokers Private Limited, Plum Benefits Private Limited |
| Saurabh Arora DIN 05341486 | Director | 06 Jun 2022 | 4 yrs 5 mo | Plum Benefits Insurance Brokers Private Limited, Plum Benefits Private Limited |
| Ravi Shankar Venkataraman Ganapathy Agraharam DIN 02604007 | Nominee Director | 30 Mar 2026 | 7 mo | Plum Benefits Private Limited |
People of Plum
106 people are tracked at Plum (29 in leadership, 77 in team); the tracked headcount is 109.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Akshay Golechha | Senior Vice President - Business | Leadership |
Avik Bhandari | Senior Vice President, Business | Leadership |
Mukul Kanchan | CFO | Leadership |
Ashish Khandelwal | Director Of Product Management | Leadership |
Rylan Roach | Director Customer Success | Leadership |
Shreyas Achar | Head Of Marketing | Leadership |
Chaitaanya Pravin | Vice President Of Sales | Leadership |
Priya Sunil Srinivasan | Vice President, People Success | Leadership |
Kriti Rastogi | Director | Leadership |
Shimran Gupta | Senior Talent Partner (gtm) | Leadership |
Alekhya Jayakar | Customer Experience Partner | Leadership |
Jose Benny | Lead - Founders' Office (ceo's Office) | Leadership |
Prakrut Shah | Associate Director | Leadership |
Debankur Biswas | Chief Operating Officer | Leadership |
Arnik Jain | Associate Director - Business | Leadership |
Sudhakar Sivanathan | Senior Director | Leadership |
Nikhil Kalmankar | Associate Director - Insurance Partnerships | Leadership |
Sarthak Sinha | Head - Enterprise Business | Leadership |
86 more people are available in the full profile.
Complete people profiles for Plum
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Plum
Figures of Plum Benefits Private Limited, the primary company behind Plum, for FY 2024. Revenue was ₹12.21 Cr (+75% year on year). Net loss was -₹25.53 Cr (-56% margin). EBITDA was -₹24.30 Cr (-54% margin). Revenue has grown at a compounded annual rate of +294% over three years.
- ₹12.21 CrRevenue · FY 2024 · +75% YoY
- -₹25.53 CrNet loss · -56% margin
- -₹24.30 CrEBITDA · -54% margin
- ₹1.79 CrPaid-up capital
- 109Employees (provident fund records)
- +294%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Plum Benefits Private Limited are on its company page.
Detailed financial statements for Plum
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Plum
4 dated milestones of Plum across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Plum is founded.
- Funding First funding round of $976K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $20.5M.
Web traffic of Plum
The website of Plum (plumhq.com) receives about 131.3K visits a month and ranks #250,018 among all websites worldwide, #2,664 in Investing.
- Monthly visits131.3K
▲ 6.4% vs previous month
- Unique visitors56.3K
per month
- Global rank#250,018
among all websites
- Category rank#2,664
Finance · Investing
- Bounce rate40%
- Pages per visit4.2
- Average visit1 min 11 sec
- DevicesDesktop 54% · Mobile 46%
Websites whose visitors overlap most with Plum. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pazcare.com | 100% | 67.9K | #504,640 | View details | |
| joinditto.in | 86% | 1.2M | #34,704 | View details | |
| upstox.com | 84% | 17M | #2,373 | View details | |
| mumbaiangels.com | 78% | 1.4K | #13,467,201 | View details | |
| anthillventures.com | 78% | #2,228,418 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Plum
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- 40 similar websites
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Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Plum (Insurance & Risk Management) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Health insurance plans are offered for individuals and families. | 2006 | Chennai, Tamil Nadu, India | USD 783.29 M | USD 1.9 B | 15,820 | |
Life, health, and general insurance services are provided across India. | 2001 | Mumbai, Maharashtra, India | USD 306.52 M | USD 2.88 B | 16,700 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | USD 15.24 B | 126 |
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Related news about Plum
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Frequently Asked Questions about Plum
Plum was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Plum is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Abhishek Poddar is the CEO of Plum, as recorded in our data. They have also founded this company.
Plum is a funded company, having raised a total of $41.23M across 4 funding rounds to date. The company's 1st funding round was a Seed of $975.64K, raised on Feb 2020.
Plum has 109 employees.
The primary company behind Plum, Plum Benefits Private Limited, reported revenue of ₹12.21 Cr for FY 2024, up 75% year on year.
Plum is recognized as a leading provider of employee health benefits and insurance solutions in India. Comprehensive group health, term life, and personal accident insurance plans are offered to businesses ranging from startups to enterprises. Holistic healthcare services, including telehealth, health checkups, and mental health support, are integrated to ensure employee well-being. Advanced technology and seamless API integrations with insurers and HRIS tools are utilized to enhance benefits management and claims processing. Customized solutions are designed for startups, small and medium businesses, and large enterprises, ensuring scalability and efficiency. A commitment to care and transparency is maintained, redefining insurance and healthcare partnerships across diverse sectors.
Plum offers Group Health Insurance, Group Term Life Insurance, Group Personal Accident Insurance, and Telehealth Services.
Plum has 40 investors. Key investors include Angel List, Wellfound, Peak XV Partners, Gemba Capital, and Tracxn Labs.
The valuation of Plum is $83.04M as of May 2021.
Plum is associated with 2 legal entities: Plum Benefits Private Limited, Plum Benefits Insurance Brokers Private Limited.
The legal entities of Plum currently have 3 directors, including Saurabh Arora, Abhishek Poddar, Ravi Shankar Venkataraman Ganapathy Agraharam.