Plum Benefits Private Limited, a employee health benefits platform, has raised ₹193 crore from a Series B fundraise led by Peak XV Partners, with participation from Tanglin Venture Partners and GMO Venture Partners.

CMS INDUSLAW advised Plum on this fundraise.

The transaction team consisted of Winnie Shekhar (Partner), Shantanu Singh (Partner), Ravin Abhyankar (Senior Associate) and Shubham S Agrawal (Associate).

Plum enables organisations to provide integrated insurance and healthcare solutions to employees and currently serves over 6,000 organisations across India.

The proceeds from the fundraise will be utilised to strengthen Plum’s technology capabilities, enhance AI-led claims processing, and expand its healthcare offerings across preventive care, primary care, mental wellness and telehealth.

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