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Plum raises ₹7CR in seed funding round led by Incubate Fund

Bengaluru based group health insurance startup Plum recently announced that it has raised ₹7CR in a seed funding round. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. Working with 9 insurance companies, Plum has managed to get over 100 companies as customers within just 4 months of launch. The platform understands the needs of a corporate and guides them on setting up their group health insurance in less than 60 mins. The group health insurance market in India, which is almost 50% of the total health insurance market, is expected to grow to INR 100,000 crores by 2025.

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