PlumHQ, a Bengaluru, India-based based group health insurance startup, 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.
The company plans to use the funding to scale business & engineering teams.
Led by Abhishek Poddar, CEO, and Saurabh Arora, CTO, Plum is a group health insurance startup, providing modern health benefits to corporates. The company, through its online platform, www.plumhq.com, provides employers and employees with customizable plans, pricing, and healthcare experience. The platform guides corporates on setting up their group health insurance in less than 60 mins. It additionally helps employees with improved health benefits including doctor consultations, health check-ups, fitness & yoga, mental wellness, nutrition and dental care.