Health insurance platform Plum raises $20 million led by Peak XV

Tiger Global-backed health insurance platform Plum has raised $20 million (Rs 193 crore) led by Peak XV Partners, with participation from existing investor Tanglin Venture Partners and new investor GMO Venture Partners.

The funds will be used in talent, technology, and AI innovation. The company plans to go beyond insurance claim solutions and enter preventive care, primary care, mental wellness, and telehealth solutions for its clients, founder and CEO Abhishek Poddar told ET.

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