Exclusive: Tiger Global leads $16 Mn round in Plum Insurance
Summary
AngelList, Meyer Keith Ventures and angels including Kunal Shah, Maninder Gulati, Ashish Tulsian, Gaurav Munjal, Roman Saini, Hemesh Singh among others have pumped in the remaining amount. Launched in early 2020 by Abhishek Poddar and Saurabh Arora, Plum provides group insurance facilities to startups and SMEs. Plum has been working with many early to growth-stage startups including Fampay, Groww, ClassPlus, Smallcase, Twilio, StayAbode, Instawork, Posist, TapChief and Fyle. Recently, Unacademy founder Munjal had announced that the edtech company enabled term life insurance for around 4,000 educators on its platform. Fintrackr has also decoded Plum’s current shareholding structure in which co-founders Poddar and Arora hold an equal stake of 26.45% in the startup.