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Plum

Human-first health benefits — simple, supportive protection for your people

Founded 2019 India Bengaluru, India 898 employees Series A Total: $316.60M Insurance, Insurtech +2

General Information

Company Name Plum
Founded Year 2019
Location India Bengaluru, India
Founders / Decision Makers
Team member
Employees 898
Industries Insurance, Insurtech, Health insurance +1
Funding Stage Series A
Business Model B2B, SaaS, B2B2C
Revenue Model Subscription, Tiered Pricing, Commission
Hiring 4 roles posted in the month to 31 Oct 2026
Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Product Launch Oct 29, 2026

Plum has launched MindCare, a proprietary algorithm and offering designed to match individuals with the right therapist.

Actively Hiring Oct 21, 2026

Hiring for 4 positions in the last 30 days.

AI Insight

Bounce Watch AI
1 week ago

Plum has strategically enhanced its comprehensive health benefits platform with the recent launch of MindCare, a proprietary algorithm designed for therapist matching. This new offering significantly deepens their commitment to mental health support and expands their healthcare solutions for employees. The concurrent hiring for new positions suggests ongoing operational growth and support for these expanding service lines, solidifying their competitive edge in the employee well-being sector.

Signal Types
Product Launch Hiring
Strategic Labels
Product Innovation Healthcare Expansion Talent Acquisition
Next Move: Product Development
·
Impact: 8/10
·
Ideal For: Insurtech VCs — Series B, HealthTech Investors, Employee Benefits SaaS Funds

About Plum

Plum is a startup that aims to revolutionize the insurance and health benefits industry with its slogan "Insurance and health benefits for companies that care." Founded in 2019 and headquartered in India, Plum's mission is to help companies better support their employees by offering insurance and health benefits that are simple, inclusive, and accessible. The company's approach is focused on eliminating the complexities associated with insurance, making it easy for employees to understand their policies, use their insurance & benefits, and initiate claims. This user-centric model positions Plum as a disruptive force in the Insurance, Insurtech, and Health insurance industries. Plum's recent success includes securing a noteworthy $15.60M Series A investment on 30 May 2021. The investment was backed by a consortium of prominent investors including Tiger Global and Peak XV Partners (formerly Sequoia Capital), as well as Gemba Capital, Incubate Fund India, Harsh Jain, Lalit Keshre, Hemesh Singh, Anuj Srivastava, Ramakant Sharma, Kunal Shah, Gaurav Munjal, and Tanmaya Jain. Plum's innovative and investor-backed approach positions it as a formidable player in the evolving landscape of employee benefits and insurance, making it a compelling entity for venture capital consideration.

Business keywords: health benefits, employee benefits, business insurance, health insurance, Tiger Global, Peak XV Partners, Sequoia Capital, startup, company benefits, accessible healthcare, affordable health insurance, employee care

Services & Products

Group Health Insurance
Group Term Life Insurance
Group Personal Accident Insurance
FlexCare
Care Program
TeleHealth
Mental Health

Target Customers

Startups Small and Medium Businesses Enterprises Multinational Companies HR Managers

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $15.60M 10
Gemba Capital, Incubate Fund India +8
30 May 2021
Seed Round INR300.00M -
20 Nov 2020
Pre Seed Round Undisclosed -
01 May 2020
Pre Seed Round Undisclosed -
02 Feb 2020
Pre Seed Round $1.00M -
22 Jan 2020

Plum Alternatives & Competitors

View All Alternatives
Plum vs

India’s highest-rated employee wellness partner | Making benefits the new basics at work

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419 employees
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Plum vs

India's Most Loved Employee Benefits Platform

Seed
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Plum vs
Equipsme
Equipsme United Kingdom

Business health insurance plans that are flexible, easy to understand, easy to manage and provide gr...

Equity Crowdfunding
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FAQ About Plum

Human-first health benefits — simple, supportive protection for your people
Plum was founded in 2019.
Plum is headquartered in Bengaluru, India.
Plum operates in Insurance, Insurtech, Health insurance and Human Resources. Its work centres on health benefits, employee benefits, business insurance and health insurance. Its customers include Startups, Small and Medium Businesses and Enterprises.
Plum has a B2B, SaaS and B2B2C business model. Its revenue comes from Subscription, Tiered Pricing and Commission.
Plum has approximately 898 employees.
Plum has completed 5 funding rounds, raising a total of $316.60M. The latest funding stage is Series A.
Plum offers: Group Health Insurance, Group Term Life Insurance, Group Personal Accident Insurance, FlexCare, Care Program, TeleHealth, Mental Health.
Top alternatives and competitors to Plum include Onsurity, Healthysure, Equipsme, Safe Meridian, Diversified Group. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Plum and Onsurity are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Plum, https://bouncewatch.com/company/plum-1, updated 31 October 2026. When citing, please name BounceWatch and link this page.

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