New Delhi, March 26 -- The health benefits provider Plum has raised Rs.193 crore in a Series B funding round led by Peak XV Partners, with participation from existing investor Tanglin Venture Partners and new investor GMO Venture Partners.

The funding comes after the company reported its first full year of EBITDA and cash flow profitability, as it scales its platform across insurance, healthcare and employee wellbeing services.

The Bengaluru-based startup said it will use the new capital to invest in talent, technology, enterprise-grade security, AI-driven claims operations and deeper integrations with HR and payroll systems, while expanding its offerings in preventive care, primary care, mental wellness and telehealth.

Abhishek Poddar...