Company Intelligence Profile
Plum Benefits Insurance Brokers Private Limited
Plum (legal entity: Plum Benefits Insurance Brokers Pvt Ltd) is an Indian insurtech operating an employee health-benefits and insurance-broking platform.
Last updated 10 August 2026
Plum Benefits Insurance Brokers Private Limited is an Indian insurtech firm providing employee health benefits and insurance-broking services, including group health and term life insurance, to over 6,000 companies. In FY2025, it reported operating revenue of approximately ₹60.61 crore, an 83% year-on-year growth, and achieved its first full year of EBITDA and cash-flow profitability in March 2026. The company has raised a total of around ₹200 crore in funding, with a significant Series B round led by Peak XV Partners.
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Company Identity
| Registered name | Plum Benefits Insurance Brokers Private Limited |
|---|---|
| CIN | U66000KA2022PTC160458 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Unlisted (private limited company; not listed on any stock exchange) |
| Incorporated | 25 April 2022 |
| ROC | RoC-Bangalore (Karnataka) |
| Sector (NIC) | Financial and insurance service activities — Internet/Online Financial Services; entity holds an IRDAI Direct Broker license (Life & General) — Registration No. 897, per company's own site (plumhq.com) |
| Registered address | Primeco Union City, KIADB Plot No. 18, 19A, 19B, S.Y. No. 76, 87, Sadarmangala Village, Kadugodi, Bangalore South, Karnataka, India – 560067 |
| Authorized capital | ₹1,10,00,000 (₹1.1 Cr) — source: Tofler/Falconebiz/TheCompanyCheck (consistent) |
| Paid-up capital | ₹1,03,20,090 (~₹1.03 Cr) — Falconebiz gives exact figure |
Business Overview
- Plum (legal entity: Plum Benefits Insurance Brokers Pvt Ltd) is an Indian insurtech operating an employee health-benefits and insurance-broking platform
- It offers group health insurance, term life insurance, personal accident cover, and integrated healthcare services (telehealth, wellness programs, health checkups) to corporates from startups to large enterprises
- Per the company's own site (plumhq.com): 6,000+ companies served, 600,000+ lives insured, 100,000+ claims processed; holds IRDAI Direct Broker (Life & General) license No. 897; certified ISO/IEC 27001:2013, SOC 2 Type 2, GDPR
- Clients cited in press include Zomato, Swiggy, Atlassian, CRED
- Founded 2019 by Abhishek Poddar and Saurabh Arora
- Recognitions: Insurtech of the Year 2023–24 (Global Fintech Fest), Forbes Asia 100 to Watch, LinkedIn Top Startups India
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Abhishek Poddar | 07809382 | - | 25 April 2022 |
| Saurabh Arora | 05341486 | - | 6 June 2022 |
Financials
In FY2025, Plum Benefits Insurance Brokers Private Limited reported an operating revenue of approximately ₹60.61 Cr, up 83% year-over-year, with an impressive operating margin of about 27.7%. The company's net worth increased significantly since incorporation but declined slightly by 1.33% in the most recent period.
- Operating revenue ≈ ₹60.61 Cr, up ~83% YoY. Reported operating margin ~27.7%, net margin ~27.6%. Net worth described as up ~1,990% since incorporation but down ~1.33% YoY most recent period — the two figures look like different comparison bases
- treat as partial/needs reconciliation. EBITDA, PAT (absolute ₹), and borrowings (loan quantum) not disclosed on free-tier pages — "not obtained" for exact figures. Separately, Inc42/Business Line report the company achieved "its first full year of EBITDA and cash-flow profitability" as of the March 2026 funding announcement — directionally consistent with the margin figures above but not the same as an audited EBITDA ₹ figure. EPFO-reported headcount: ~208 employees
Funding
- Two rounds identified via press: (1) Seed — ₹7 Cr, July 2020, led by Incubate Fund with Gemba Capital and Tracxn Labs, plus angel investors (Abhijit Gupta & Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando, Alvin Tse of Xiaomi)
- (2) Series B — ₹193 Cr (~US$20.6 Mn), announced 26 March 2026, led by Peak XV Partners (existing investor) with Tanglin Venture Partners and GMO Venture Partners participating
- LinkedIn/company materials also describe Plum as "backed by Sequoia and Tiger Global" — likely reflecting an intermediate unnamed/undisclosed round(s) between seed and this Series B, since no single article names a full round-by-round history; flagged as a probable source gap rather than a conflict
- Total disclosed funding across named rounds: ₹7 Cr + ₹193 Cr ≈ ₹200 Cr; a cumulative "since inception" total citing "$20.6 Mn" in one source appears to conflate the Series B amount with lifetime total — treat that specific cumulative-USD claim as unverified
- No valuation figure was found in any source
- Tracxn page fetch for the round-name-only cross-check returned 404 and could not be used
Charges / Loans
- One open charge of ₹5 Cr registered 11 February 2025, category "Others"
- No satisfied/released charges on record (₹0)
- No charge-holder/lender name was surfaced in the free-tier snapshot — not obtained
Legal / Litigation
- Indian Kanoon search for "Plum Benefits Insurance Brokers" returned no matching judgments/orders as of the search date
- No litigation identified
Competitors
Frequently Asked Questions
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