Plum operates an employee health benefits platform focused on improving the insurance claims experience and delivering employer healthcare services. The company automates claims processing—reporting that 78% of claims are resolved without human intervention—and has processed over 500,000 claims, while reducing median cashless hospital discharge times and accelerating reimbursement turnaround to 1.5 days. Plum contests denied claims and reports favorable outcomes in 88% of disputed cases, recovering over Rs 10 crore in the past year. It serves more than 6,000 organisations including large customers such as CRED, Meesho, PhonePe, Swiggy, Tata CLiQ, Urban Company, WeWork, and Zomato. Plum plans to use recent funding to expand talent and technology, scale AI-led claims operations, deepen HR and payroll integrations, and broaden offerings into preventive care, primary care, mental wellness, and telehealth. The company was founded in 2019 and reported its first full year of EBITDA and cash flow profitability ahead of this raise.

Total raised

$37M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2026