Plum has raised ₹193 Cr in a Series B round led by Peak XV Partners, with Tanglin Venture Partners and GMO VenturePartners,Inc. participating.

Founded by Abhishek Poddar, Saurabh Arora , and | 2019

The Bengaluru-based startup provides employee health benefits and insurtech solutions.

The company has achieved EBITDA and cash flow profitability, and will use funds to invest in tech, AI-driven claims, and integrations.

Key highlights:

• Profitable insurtech at growth stage
• Focus on AI + enterprise integrations

Why this matters:

Insurtech is moving from growth to profitability in India.

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Will profitability become the new benchmark for insurtech startups?

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