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Indian health insurance startup raises $16m led by Tiger Global

Plum aims to use new funds to reach 10 million customers by 2025

Plum sees the adoption of health insurance by startups, SMEs and corporates increasing exponentially, especially since the pandemic.   © Reuters

NEW DELHI -- Plum, a group health insurance startup, announced on Monday that it has raised $15.6 million in a Series A funding round led by New York-based investment company Tiger Global.

The round also saw the participation of existing investors Sequoia Capital India's Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital the startup said in a statement.

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