Plum has raised a total of $5.1M in funding across 2 rounds. Give your employees access to great care with Plum. Health insurance startup Plum Insurance has raised another round of funding after raising Rs 7 crore seed fund in July, this year. There are expected talks that the company is in mood to raise funds from Tiger Global. It is based in New York and comes in the category of hedge fund, private equity and venture capital. For many in this city of 13,000, health care and insurance are the foremost issues ahead of Saturday’s Democratic primary, ... and reduced advertising funding and the enrollment period. Launched in March 2020, Plum aims to make group health insurance affordable and accessible for businesses of all sizes. The company was launched in the year 2019 by Abhishek Poddar & Saurabh Arora. They open up new doors of opportunity in order to excel & stir up a new passion in the organization. State retirement, health insurance, dental insurance, life insurance, workers’ compensation, and contributions to employees’ 401K plans as allowed by State law. Existing investors, including Incubate Fund, also participated in the funding round, a statement said. 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 makes insurance easy to understand for people across all the age circles, including people who are not so tech savvy. Compare Plum to its competitors by revenue, employee growth and other metrics at Craft. A number of companies that are associated with the company are: The company claims to provide the best health experience at good affordable prices having the basic features like: It basically plans to provide hassle free benefits to the recepients like 5 minute complete process, tracking order facility and a lot more. Funding are definitely crucial to ensure success in the competitive world. The insurance start up; Plum has been in news recently as it is planning to get funding from Tiger Global. Sequoia Capital India backed insurance startup Plum has raised $4.1 million in a bid to provide group health insurance to small and medium enterprises. Plum Insurance is an easy, affordable and accessible platform that provides comprehensive group health insurance to SMEs and startups in 60 minutes. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. This funding round was led by Sequoia Capital’s Surge Ventures who invested Rs 16.65 crore. The Bengaluru-based startup that works with corporates, has raised a little over Rs 30 crore led by Sequoia’s Surge Ventures. Where insurance cover is provided through policies issued by MLC Limited to NULIS, please note that MLC Limited is part of the Nippon Life Insurance Group and not a part of the NAB Group of Companies and MLC Limited uses the MLC brand under licence. Bengaluru based Health Insurance startup, Plum, has raised INR 7 Crores in a seed funding round. Plum Underwriting Ltd is authorised and regulated by the Financial Conduct Authority No 309166. Bengaluru based group health insurance startup Plum has raised slightly over Rs 30 crore (approximately $4.04 million) in funding, according to a report. Many Indian businesses find the insurance purchasing process to be tedious, opaque and costly, with the entire process taking months to set up. The company is planning to raise its customer count to 50000 in the next two years. Funding are definitely crucial to ensure success in the competitive world. Plum, a Bengaluru based group health insurance startup, providing modern health benefits to corporates, has raised Rs 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. Tiger Global is not a new name in the investment business as it majorly invests amounts in the sectors like Internet, software, consumer & financial technology. So; it is here to stay. The recent round of funding for the start-up, which was launched in March this year, is led by Sequoia Capital India and Tanglin Venture Partners. Health insurance startup Plum Insurance has raised another round of funding after raising Rs 7 crore seed fund in July, this year. Over 50 million Indians fall into poverty every year due to their inability to finance health issues, the statement said. Bengaluru-based group health insurance platform Plum Insurance is in talks with Tiger Global to raise $10-15 million in new funding round, Entrackr reported. 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 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… Plum is the organization that has transformed the employee’s healthcare experience lately in the business by giving efficient integrated solutions in the area of employee insurance. Funding for businesses, classrooms, projects, inventions. Previously, the startup had raised Rs 7 crore seed fund in July, this year. 30 crores in funding round led by popular investor Sequoia Capital’s Surge Ventures. Employee insurance startup Plumon Thursday said it has raised $4.1 million (about Rs 30.2 crore) in funding, led by Sequoia Capital IndiaSurge and Tanglin Venture Partners. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. The platform is currently used by more than 200 companies, including Twilio, Label Life, Classplus, Happay and Sunidhi Group. Plum (Insurance Brokers) General Information Description. See insights on Plum including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Plum Insurance to raise funds Enterprise-focused group insurance platform Plum Insurance is looking to raise a round of funding from Tiger Global, an Entrackr report said citing three people aware of the details. Plum intends to use this funding in scaling the business and strengthen engineering teams to solve typical engineering challenges in InsurTech and build innovative distribution channels. Bengaluru based group health insurance startup Plum recently announced that it has raised ₹7CR in a seed funding round. Current Market Rates: 10-Year Treasury 10-Year Swap 30-Day LIBOR 10-Year Treasury 10-Year Swap 30-Day LIBOR Commercial Real Estate Finance Helping Owners Buy, Refinance and Make Better Investment Decisions $3 Million to $50 Million Find My Loan Your PLUM Advantage Knowledge-Based Lending Solutions PLUM is modernizing CRE lending. See insights on Plum including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. We provide proprietary data-driven insights, commercial … Plum has raised a total of $5.1M in funding across 2 rounds. Plum last raised $4.1M false. The amount can be close to $10-15 million but it can be extended to $ 20 million also. Donations for fundraisers, nonprofits. Many life insurance companies invest in real estate and offer commercial real estate (CRE) loans, which differ from other CRE mortgages. Plum, a Bengaluru based group health insurance startup, providing modern health benefits to corporates, has raised INR 7 Crores in seed funding. A lot of firms in India are still struggling to maintain the technology infrastructure that helps people to get associated with high manual processing. This is the second round of funding for the insurance company after raising Rs. View company info, jobs, team members, culture, funding and more. We provide proprietary data-driven insights, commercial … Don't procastinate, you know tomorrow never comes. There is now an end to the unending transaction operational mechanisms. 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: High quality and affordable employee health insurance. Now, … Please Try Again..! The group health insurance industry will be worth Rs 100,000 crore by 2025. The insurance start up; Plum has been in news recently as it is planning to get funding from Tiger Global. The group health insurance industry will be worth Rs 100,000 crore by 2025. NULIS is a member of the National Australia Bank group of companies (‘NAB Group’). 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 … Please share a crisp & clear message on why you are looking to connect. In a time when we are too small to qualify for good quality health protection for our teams and their families, Plum … Existing investors, including Incubate Fund, also participated in the funding round, a statement said. Previously, the startup had raised Rs 7 crore seed fund in July, this year. Your message has been shared. 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, a Bengaluru based group health insurance startup, providing modern health benefits to corporates, has raised INR 7 Crores in seed funding. Techstory.in is a website about exciting startup stories and inspiring entrepreneur journeys. Free online crowdfunding for the people we love. India has one of the lowest penetration rates for health insurance in the world, with 18 percent of urban employees and 14 percent of rural areas receiving coverage of some kind. Plum will use the funding to expand into new markets, build new distribution channels, hire top talent and further develop products and tech. Plum claims to have seen 200 percent growth quarter-on-quarter, securing $1 million worth of insurance premiums within the first three quarters of launch. To address these issues, Plum has forged new underwriting and fraud detection measures with a wide range of insurance companies. Grapevine: ChrysCap to invest in Corona Remedies; Plum Insurance to raise funding Also, Social commerce startup Shop101 is in early talks with Reliance and Amazon for a potential acquisition since it is finding it difficult to raise external … Read more: Grapevine: ChrysCap to invest in Corona Remedies; Plum Insurance to raise funding 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. Hummel and Plum Insurance Agency can help you navigate through the maze to find the best insurance for you, your family or your business. “Plum may raise up to $20 million in the round,” said one of the sources. April 3, 2021 Enterprise-focused group insurance platform Plum Insurance is in talks with hedge fund Tiger Global to mop up a new round, according to three people aware of the details of the transaction. Plum said it has negotiated and forged new underwriting and fraud detection measures with a wide range of insurance companies, which helps it provide businesses and their employees with more flexibility, greater customisation and a high-quality health insurance experience. Current Market Rates: 10-Year Treasury 10-Year Swap 30-Day LIBOR 10-Year Treasury 10-Year Swap 30-Day LIBOR Commercial Real Estate Finance Helping Owners Buy, Refinance and Make Better Investment Decisions $3 Million to $50 Million Find My Loan Your PLUM Advantage Knowledge-Based Lending Solutions PLUM is modernizing CRE lending. The current valuation is placed at $ 19 million. Bengaluru based Health Insurance startup, Plum, has raised INR 7 Crores in a seed funding round. Currently; The scope of insure-tech start ups is getting more & more day by day. Going […] Contact us today to discuss loan options, or if you would like help evaluating your current financing situation. Clutch of angel investors including Abhijit Gupta and Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando and Alvin […] It clearly manages assets of US $ 500 million. Insurtech platform Plum realised this early and is hence trying to ease up the hassle that usually come up with employees’ group insurance. Aashish Punjabi. Many Indian businesses find the insurance purchasing process to be tedious, opaque and costly, with the entire process taking months to set up. Bengaluru based group health insurance startup Plum has raised slightly over Rs 30 crore (approximately $4.04 million) in funding, according to a report. The company's platform offers customizable plans, transparent pricing and modern health benefits including doctor consultations, health check-ups, mental wellness, dental care as well as COVID-19 cover, thus helping clients in … Plum last raised $4.1M false. Plum Founders(L-R) : Saurabh Arora (CTO) and Abhishek Poddar (CEO). This would be the third funding round for the company which has raised about $5 million in total funding till now. Plum, a Bengaluru-based group health insurance start-up, providing modern health benefits to corporates, has raised ₹7 crore in seed funding. Registered at 7th Floor, Corn Exchange, 55 Mark Lane, London, EC3R 7NE. Oops...! Health Insurance Startup ‘Plum Insurance’ Raises Rs 30 Crore Funding Plum Insurance, a Health insurance startup, has raised around Rs 30 crore led by Sequoia’s Surge Ventures. The major competitors are Secure Now, Onsurity, Paz Care & Nova Insurance. Started in late 2019 by Abhishek Poddar and Saurabh Arora, Plum Insurance provides high-quality health insurance and corporate benefits at affordable rates. 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 by … Plum Insurance, a Health insurance startup, has raised around Rs 30 crore led by Sequoia’s Surge Ventures. By signing up for yourstory you agree to the, Please let us know why you would like to connect with the company. Currently there are more than 100 start-ups working in that direction. Abhishek Poddar, Co-founder & CEO, Plum said, “When we look at other countries like the US, we see that a high percentage of the population is covered under employer-provided health insurance. They basically work on two strategies of investment; public equity & private equity. https://yourstory.com/2020/11/plum-funding-surge-tanglin-venture-partners Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. Head of People, Behtar. They will reach out to you on your submitted email ID. The private equity business has invested in more than 30 countries. Sources told Entrackr that Plum's existing investors, including Sequoia, will also participate in the round, which will value the startup in the range of $60-$80 million. Plum, a Bengaluru based group health insurance startup, providing modern health benefits to corporates, has raised INR 7 Crores in seed funding. This funding round was led by Sequoia Capital’s Surge Ventures who invested Rs 16.65 crore. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India Bengaluru-based group health insurance startup, providing modern health benefits to corporates, has raised Rs 7 crores in seed funding. 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. Existing investors and Incubate Fund also participated in the round. Plum has 29 employees at their 1 location and $5.03 m in total funding,. 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. Bengaluru-based health insurance startup, Plum has raised Rs 7 crore in series Seed round funding from Incubate Fund, Gemba Capital, and others. Plum has 29 employees at their 1 location and $5.03 m in total funding,. Ltd, which operates an eponymous insurance startup that helps companies set up group programmes, has raised slightly over Rs 30 crore (approximately $4.04 million) in funding, according to a report. Plum (Insurance Brokers) General Information Description. The overall market size of insurance business in India is about US$ 280 billion. After this funding round, the Plum market cap stands at Rs 140 crore. The Bengaluru-based startup that works with corporates, has raised a little over Rs 30 crore led by Sequoia’s Surge Ventures. Ltd, which operates an eponymous insurance startup that helps companies set up group programmes, has raised slightly over Rs 30 crore (approximately $4.04 million) in funding, according to a report. Enterprise-focused group insurance platform Plum Insurance is looking to raise a round of funding from Tiger Global, an Entrackr report said citing three people aware of the details. You know, whenever anybody asks Elon Musk how he learned to build rockets, he says, ‘I read books.’. The penetration of digitalization cannot be ignored and therefore how come the insurance sector remains untouched. 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. Developer of an insurance management platform designed to enable employee health insurance plans. Plum Insurance to raise funds. The company's platform offers customizable plans, transparent pricing and modern health benefits including doctor consultations, health check-ups, mental wellness, dental care as well as COVID-19 cover, thus helping clients in … The recent round of funding for the start-up, which was launched in March this year, is led by Sequoia Capital India and Tanglin Venture Partners. Something Went Wrong.. But gone are the days of traditional insurance companies. Plum, a Bengaluru based group health insurance startup, has raised Rs 7 Crores in seed funding. Plum, a Bengaluru based group health insurance startup, has raised Rs 7 Crores in seed funding. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. 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