Plum - About the company
Plum is a series B company based in Bengaluru (India), founded in 2019 by Abhishek Poddar, Saurabh Arora, Vineet Saroj and Omkar Pal. It operates as a Provider of employee health benefits and insurance plans for businesses. Plum has raised $41.2M in funding from investors like Tanglin Venture Partners, Logx Venture Partners and Tiger Global Management, with a current valuation of $*****. The company has 80 active competitors, including 26 funded and 5 that have exited. Its top competitors include companies like Hinge Health, ekincare and Castlight.
Company Details
Provider of employee health benefits and insurance plans for businesses. The company offers group health, term life, and personal accident insurance. Healthcare options include care programs, telehealth, health checkups, and mental health support. Business insurance includes directors and officers, errors and omissions, and cyber coverage. The company provides benefits management, claims analytics, and budgeting features.
- Website
- www.plumhq.com/
- Social
- Email ID
- *****@plumhq.com, *****@plumhq.com
- Registered Address
- PRIMECO Union City, KIADB Plot No. 18, 19A, 19B, S.Y. No. 76, 87, Sadarmangala Village, Kadugodi, Bangalore, Bangalore South, Karnataka, India, 560067
Key Metrics
Founded Year
2019
Location
Bengaluru, India
Stage
Series B
Total Funding
$41.2M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Apr 18, 2026
Investors
Ranked
9th among 80 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
449 as on Aug 31, 2025
Legal entities associated with Plum
Plum is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PLUM BENEFITS INSURANCE BROKERS PRIVATE LIMITED CIN: U66000KA2022PTC160458 , India, Active | Apr 25, 2022 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 367 (As on Aug 01, 2025) | |
PLUM BENEFITS PRIVATE LIMITED CIN: U74140KA2019PTC129875 , India, Active | Nov 20, 2019 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 79 (As on May 01, 2026) |
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Plum's funding and investors
Plum has raised a total funding of $41.2M over 4 rounds. Its first funding round was on Feb 03, 2020. Its latest funding round was a Series B round on Mar 16, 2026 for $*****. 3 investors participated in its latest round. Plum has 21 institutional investors and 25 angel investors.
Here is the list of recent funding rounds of Plum:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 16, 2026 | 8260632 | Series B | 7709890 | 2618913 | 4965531 | 1548637 |
May 24, 2021 | 2665587 | Series A | 1738528 | 1214115 | 4694292 | |
Nov 20, 2020 | 2497343 | Seed | 4364365 | 7147848 |
Access funding benchmarks and valuations. Sign up today!View details of Plum's funding rounds and investors
Plum's founders and board of directors
Founder? Claim ProfileThe founders of Plum are Abhishek Poddar, Saurabh Arora, Vineet Saroj and Omkar Pal. Abhishek Poddar is the CEO of Plum.
Here are the details of Plum's key team members:
- Abhishek Poddar: Co-Founder & CEO of Plum and founder of 2 other companies, Hypertrack and RentZeal . They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 3 email addresses and 1 phone number
- Saurabh Arora: Co-Founder & CTO of Plum. They serve on the board of 1 company.Contact Info: 1 phone number
- Vineet Saroj: Company Owner of Plum. Contact Info: 1 email address
- Omkar Pal: Business Owner of Plum. Contact Info: 1 email address
Plum's Board of Directors
Plum's board has 2 active members. Abhishek Poddar and Saurabh Arora are part of team.Here is the list of Plum's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 5m | |
Team | - | Current | 4y 4m |
View details of Plum's Founder profiles and Board Members
Plum's employee count trend
Plum has 449 employees as of Aug 25. The total employee count is 31.0% more than what it was in Aug 24. Here is Plum's employee count trend over the years:
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Plum's Competitors and alternates
Top competitors of Plum include Hinge Health, ekincare and Castlight. Here is the list of Top 10 competitors of Plum, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Hinge Health 2015, San Francisco (United States), Public | Provider of virtual physical therapy and digital pain care solutions | $854M | 84/100 | |
2nd | Provider of employee health benefits platform offering health and wellness programs | $28M | 79/100 | ||
3rd |  Castlight 2008, San Francisco (United States), Acquired | Cloud-based healthcare information on providers and pricing for enterprises | $181M | 76/100 | |
4th | Provider of health insurance plans with outpatient and hospitalization coverage | $72.7M | 71/100 | ||
5th | Visit Health 2016, Noida (India), Series A | Operator of a platform providing wellness and outpatient healthcare benefit solutions | $7.79M | 70/100 | |
6th |  Zenefits 2013, Tempe (United States), Acquired | Cloud-based platform for HR and payroll management solutions | $598M | 70/100 | |
7th |  Bharatsure 2021, Mumbai (India), Seed | Provider of technology and infrastructure for employee benefits and embedded insurance | $3.25M | 66/100 | |
8th | Online platform for booking doctor appointments and consulting healthcare professionals | $231M | 66/100 | ||
9th | Provider of employee health benefits and insurance plans for businesses | $41.2M | 65/100 | ||
10th |  ManipalCigna 2012, Mumbai (India), Acquired | Provider of individual and family health insurance coverage plans | - | - | 65/100 |
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Plum's Latest cap tables and shareholding
Founders own 41.49%, Funds (largest shareholder) own 47.40%, Angels own 1.41% and ESOP Pool own 9.71%. The net worth of Plum's founders is INR 490Cr as of Apr 18, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 41.49% | 490Cr | 5338995 | 5354339 | 1166502 | 4328918 |
7872480 | 7342088 | 3743635 | 7457353 | 8732547 | 1550412 | |
3253747 | 1288822 | 3082505 | 9745420 | 4454464 | 3574723 | |
Fund | 47.40% | 560Cr | 3888273 | 4651851 | 8366731 | 6666568 |
5576515 | 7797141 | 6481254 | 9507881 | 4830939 | 8870997 | |
9759945 | 3988619 | 7425969 | 1033658 | 3895638 | 6239635 | |
1993096 | 2610542 | 6651527 | 6880198 | 6682450 | 1141044 | |
3351678 | 4859713 | 6563707 | 3688881 | 2363258 | 1892987 | |
Angel | 1.41% | 16.6Cr | 2 | 4 | 3 | 7 |
ESOP Pool | 9.71% | 115Cr | 4476721 | 6303491 | 9044198 | 1329139 |
Total | 100.00% | 1,180Cr | 1442888 | 4098656 | 7719809 | 4653628 |
To unlock detailed Cap Table of Plum Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Plum's Shareholding
Plum's Investments and acquisitions
Plum has made no investments or acquisitions yet.
Reports related to Plum
Here is the latest report on Plum's sector:
News related to Plum
Filter this listMedia has covered Plum for a total of 7 events in the last 1 year, 2 of them have been about company updates.
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<b>Plum launches full-stack insurance suite to help firms manage AI risks </b>Indiatimes•Aug 10, 2026•Plum
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Plum Launches Rs 15 Crore ESOP Buyback, Plans Rs 200 Crore Healthcare ExpansionBharat Fast•Jun 02, 2026•Plum, Tanglin Venture Partners, Peak XV Partners, GMO Venture Partners
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Plum raises Rs 193 crore led by Peak XV to scale health benefits platformMoneycontrol•Mar 26, 2026•Peak XV Partners, Plum, Tanglin Venture Partners, GMO Venture Partners
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Tiger Global-backed Plum Invests Rs 200 Cr in Healthcare, Expands Beyond InsuranceMoneycontrol•Jul 15, 2025•Plum
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Plum Report Reveals Indian Workforce Health Crisis: Chronic Illness, Poor Mental Health, BurnoutLatestly•May 29, 2025•Plum
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Plum expands into personal insurance sector, to invest $6M over two yearsYourStory•Feb 21, 2025•Plum
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