Plum

Founder

Mr. Abhishek Poddar
Mr. Saurabh Arora

Sector

Fintech
Consumer

Region

India

Fund

Fund II
A brief look at

The Plum Journey

Plum provides tailored insurance and health benefits to companies through our platform that helps simplify archaic insurance processes, streamline HR processes, and access to best-in-class healthcare

Nov

2019

Dec

2019

Jan

2020

March

2020

Nov

2020

Dec

2020

Jan

2021

Apr

2021

May

2021

Jun

2021

Jul

2021

Mar

2022

Apr

2022

Jun

2022

Dec

2022

Apr

2023

Jun

2023

Jul

2023

Sep

2023

Oct

2023

Mar

2024

Jul

2024

Aug

2024

Plum founded by Abhishek and Saurabh

Onboarded first customer

Incubate Fund partnered with Plum

Launched first flagship product: Covid-19 insurance

Raised seed round led by Sequoia and Tanglin

Launched Claims Buddy

- Recognized as Best Fintech Company by Nasscom
- Introduced API-based endorsements, a first in India

Launched WhatsApp bot for claims

Tiger Global led Series A funding round

- Introduced LGBTQ+ coverage
- Launched Super Top-Up insurance

- Enabled claim submissions via portal and mobile app
- Introduced real-time pricing on the website, an industry first

Achieved INR 100 crore in Annual Insurance Premium

Awarded Best Insurtech Startup at IIA Awards

Launched the Plum mobile app

Launched Telehealth services

Introduced AI-powered assistant, PolicyGPT

Obtained Broker License from IRDAI

Launched Business Insurance vertical

Awarded Best Insurtech at Global Fintech Awards & IIA Awards

Launched Personal Insurance vertical

Launched ClaimLens, an AI-powered tool for pre-verifying reimbursement claim documents

Introduced Plum Perks

Won Best Insurtech at Global Fintech Awards

Our purpose is to positively impact the health and financial well-being of every individual. We aim to build the most trusted and loved insurance and healthcare provider for both people and companies.

Mr. Abhishek Poddar &
Mr. Saurabh Arora

Founder

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