# Plum Benefits Insurance Brokers Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/plum-benefits-insurance-brokers-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.plumhq.com
- Total disclosed funding: $62M
- Latest round: Series B (Mar 26, 2026)
- Investors on record: 13

## About

Plum Benefits Insurance Brokers Private Limited operates in India, specializing in health benefits and insurance solutions for businesses, providing tailored protection across various sectors. Founded in 2019, Plum Benefits Insurance Brokers Private Limited is headquartered in Bangalore, India. The company is led by CEO Abhishek Poddar, who has been instrumental in its development. In March 2026, Plum Benefits Insurance Brokers Pvt Ltd raised INR 1.93 billion in series B funding led by Peak XV Partners, with participation from GMO VenturePartners and Tanglin Venture Partners. Plum offers a comprehensive suite of health benefits and insurance products designed to protect teams and businesses. Core offerings include coverage for personal liabilities of directors, officers, and employees, as well as financial risk protection against death, bodily injury, and property damage. Additionally, Plum safeguards against negligent acts, errors or omissions, breaches of contract, and failures in professional services. The company also addresses IT risks, such as data breaches and cyber attacks, along with coverage for losses from criminal acts by employees. Plum caters to a diverse client base across North America, Europe, and parts of Asia, providing both B2B and direct-to-consumer engagements. In the most recent fiscal year, 2023, Plum reported a revenue of USD 2,021,133.80. However, the company recorded an EBITDA of USD -7,631,947.20, indicating operational challenges. The company will use the March 2026 funding to scale its employee health benefits platform across India.

## Funding rounds

- Series B, Mar 26, 2026, $21M — GMO VenturePartners, Tanglin Venture Partners, Peak XV Partners
- Series A, Jul 3, 2023, $21M — Hong Shan, Tiger Global Management
- Series A, Jun 9, 2021, $16M — Tiger Global Management, Incubate Fund, Gemba Capital, Tanglin Venture Partners, Surge, LogX Ventures
- Seed, Nov 28, 2020, $4.1M — Tanglin Venture Partners, AngelList India, Surge, LogX Ventures, IF India Partnership
- Seed, Feb 3, 2020, $1M — Incubate Fund, Vistra ITCL, Tracxn Labs, Gemba Capital

## Investors

- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Seed, Series A
- Vistra ITCL — Seed
- Tracxn Labs — Seed
- Gemba Capital (https://capitalatlas.ai/funds/gemba-capital) — Seed, Series A
- Tanglin Venture Partners (https://capitalatlas.ai/funds/tanglin-venture-partners) — Seed, Series A, Series B
- AngelList India — Seed
- Surge (https://capitalatlas.ai/funds/surge) — Seed, Series A
- LogX Ventures — Seed, Series A
- IF India Partnership — Seed
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- Hong Shan — Series A
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series B
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series B