About Plum
Plum is a company based in Bengaluru (India) founded in 2019 by Saurabh Arora and Abhishek Poddar. It operates as a InsurTech and Subscription Services. 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 as of November 21, 2024. Plum offers products and services including Group Health Insurance, Group Term Life Insurance, Group Personal Accident Insurance, and Telehealth Services. Plum operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter Bengaluru, India
- Employees 109 as on 21 Nov, 2024
- Founders Saurabh Arora, Abhishek Poddar
- 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 Plum Benefits Insurance Brokers Pvt Ltd
- Date of Incorporation 20 Nov, 2019
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.43 M (USD)-52.74as on Mar 31, 2024
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Net Profit
-$1.8 M (USD)71.96as on Mar 31, 2024
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EBITDA
-$2.09 M (USD)71.81as on Mar 31, 2024
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Total Equity Funding
$41.23 M (USD)
in 4 rounds
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Latest Funding Round
$20.5 M (USD), Series B
Mar 26, 2026
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Investors
Angel List
& 39 more
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Employee Count
109
as on Nov 21, 2024
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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.
People of Plum
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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.
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.
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Venture and private equity investments are managed with global diversification.
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Acceleration is provided to startups across multiple sectors by Surge.
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Venture capital fund investing in early-stage tech startups
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Investor details for Plum
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Investments & Acquisitions by Plum
Investment portfolio details for Plum
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Financial Statements - Plum
Detailed financials for Plum
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Plum Comparisons
Peer comparison for Plum
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Competitors of Plum
Plum 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 Spendesk, 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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Provider of prepaid cards for financial benefits of employees
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Employee health and well-being solutions are delivered through a platform.
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Detailed competitors of Plum
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Latest news on Plum
Complete news archive for 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 current CEO of Plum. They have also founded this company.
Plum is a funded company, having raised a total of $41.23M across 4 funding rounds to date.
As of Nov 21, 2024, the latest employee count at Plum is 109.
Annual revenue of Plum is $1.43M as on Mar 31, 2024.
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's top competitors include Accolade, Hinge Health and Wellhub.
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.