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Group health insurance start-up Plum raises $15.6 million in Series A led by Tiger Global

The funds raised will be used to scale up engineering, business development and operations teams ....

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Plum raises $15.6 M to accelerate adoption of health insurance

Plum raises $15.6 M to accelerate adoption of health insurance
Plum raises $15.6 M to accelerate adoption of health insurance
31 May 2021 | News
Image credit: Shutterstock.com
Plum, a group health insurance startup aiming to provide accessible and affordable health insurance to millions of Indians, has raised a $15.6 million Series A led by Tiger Global with participation from earlier investors – Sequoia Capital India’s Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital.
Plum is on a mission to accelerate the adoption of health insurance in India by making it accessible, affordable and usable for employees. With over 600 organisations on-boarded, Plum has been witnessing a growth rate of 110 per cent quarter-on-quarter and leads the industry with a Claims NPS of 79. Plum’s client base includes SMEs, corporates and fast-growing startups in India, including Groww, Unacademy, Twilio, CleverTap, UrbanLadder, smallcase and Simpl. ....

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Plum Funding: Tiger Global leads funding in health insurance startup Plum

Plum Benefits, a health insurer for startups including Groww, Urban Ladder and Unacademy, will use the funding from investors Tiger Global and others to scale its engineering, business development and operations teams. ....

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