# NovaBenefits Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novabenefits-private

- Industry: Insurance
- Headquarters: Bangalore, India
- Website: www.getnovaapp.com
- Total disclosed funding: $11M
- Latest round: Series A (Sep 7, 2021)
- Investors on record: 5

## About

Based in Bengaluru, India, and founded in 2020, NovaBenefits provides an insurance platform for corporate employees. The company was co-founded by Saransh Garg and Yash Gupta. In September 2021, the company raised its latest Series A funding led co-led by Susquehanna International Group (SIG) and Bessemer Venture Partners.

The company has built an employee benefits platform centered around corporate health insurance. Users can access their insurance e-cards, find cashless hospitals and make claims on NovaBenefits’ platform.

The company plans to invest roughly 30% of the total corpus in international markets, in India and Israel in particular.

## Funding rounds

- Series A, Sep 7, 2021, $9.7M — Bessemer Venture Partners, Susquehanna International Group, Titan Capital, Better Capital, Multiply Ventures
- Seed, Apr 14, 2021, $1M — Better Capital, Titan Capital, Multiply Ventures
- Seed, Dec 9, 2020, $0.8M — Multiply Ventures

## Investors

- Multiply Ventures (https://capitalatlas.ai/funds/multiply-ventures) — Seed, Series A
- Better Capital — Seed, Series A
- Titan Capital — Seed, Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A
- Susquehanna International Group — Series A