AngelList backs insurtech firm Nova Benefits in first Indian early-stage quant fund bet
Summary
Nova Benefits Pvt Ltd, a corporate health insurance platform for employees, has raised an undisclosed amount from Indian-American entrepreneur and investor Naval Ravikant-backed AngelList Early-Stage Quant Fund, the company said. The primary factors for startups to get chosen for funding on the AngelList platform is the volume of early-stage investment and hiring stats. Furthermore, given the need for the hour on providing physical fitness and mental wellness programs by HR teams, managing multiple vendors becomes even more challenging...This round of funding will help us expand our wellness offerings on the platform in terms of product management, engineering, sales and customer success teams,” said Yash Gupta, Chief Technology Officer and Co-founder, Nova Benefits. Some of the companies that Nova Benefits claims to count as clients are Snapdeal, Pharmeasy, Dream Sports, Yulu Bikes, Chumbak and Dealshare. Two Sigma Ventures, KAMCO Invest, Plexo Capital, Tom Tunguz of Redpoint, and AngelList founder Naval Ravikant, will also be Limited Partners (LPs) for the fund.