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Nova Benefits

Bengaluru, IN · Founded 2020 · 122 employees on LinkedIn · 8 known investors

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Nova Benefits is an employee wellness platform that connects Indian companies with corporate health insurance and wellness benefits for their employees and families. The platform aggregates insurance plans, health checkups, mental health services, and employee benefits on a single tech-enabled interface.

Enterprise SoftwareHealthtechHR TechInsurTechSaaSWellness & Fitness

Founders & leadership

Nova Benefits was founded in 2020 by Yash Gupta and Saransh Garg.

YGYash Gupta
Yash GuptaFounder & CEOYash Gupta is co-founder and CTO of Nova Benefits, which provides Indian companies with a platform for managing corporate health insurance and wellness benefits for employees and their families.
SGSaransh Garg
Saransh GargFounder & CEOSaransh Garg is co-founder and CEO of Nova Benefits, a platform that aggregates corporate health insurance, wellness services, and employee benefits for Indian companies.

Investors · 8

Better Capitallisted by Better Capital$5K – $100Kvia Vaibhav Domkundwar · inferred

How we know: Better Capital's portfolio page · funding news · devdiscourse.com · the VCSheet dataset · Not right? Tell us

India Foundation Fund Series I (A Scheme Of Multiply Ventures Indialisted by India Foundation Fund Series I (A Scheme Of Multiply Ventures IndiaBengaluru

How we know: India Foundation Fund Series I (A Scheme Of Multiply Ventures India's portfolio page · Not right? Tell us

Titan Capitallisted by Titan CapitalGurugram

How we know: Titan Capital's portfolio page · devdiscourse.com · Not right? Tell us

SHL CapitalreportedSeattle · $100K – $250K

How we know: funding news · startupstorymedia.com · Not right? Tell us

Susquehanna International GroupreportedLondon

How we know: livemint.com · Not right? Tell us

Also in the syndicate · 2

Bessemer VenturesleadMultiply Ventures

Funding

SEC filings, press & company announcements

$10M disclosed across 1 of 3 rounds · 2021–2022

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

2 people who came through Nova Benefits went on to found or lead other companies.

Yash GuptaCo-Founder, CEOFounded ProdigalHari ShankarHead of OperationsFounded Weekday

Related companies · 7

PlumPlum provides employee health insurance and healthcare for companies and their staff in India, aiming to make insurance more transparent and trustworthy. It offers group health insurance products through a technology-driven platform.
Loop HealthLoop Health provides healthcare services to address chronic disease management and primary care access in India, where a majority of the population lacks regular access to trusted doctors.
OnsurityOnsurity offers a monthly-subscription employee healthcare membership that bundles group health insurance, personal accident and term life cover, doctor consults, lab tests and wellness support for businesses across India. It serves HR and finance teams managing employee benefits and operates as an IRDAI-registered corporate agent.
SHRMSHRM, a human resources professional organization with influence over 362 million workers worldwide, provides guidance on managing workplace civility and conflict through executive thought leadership and strategic resources for organizations.
NEW York Life InsuranceNew York Life is the largest mutual life insurance company in the United States, providing life insurance, investment, and financial security products to individuals, families, and their communities. The company operates as a Fortune 100 enterprise focused on delivering financial protection and peace of mind while maintaining strong governance and responsible investing practices.
AckoACKO is an insurtech company that provides car, corporate health, health, travel, and life insurance products in India through a direct-to-consumer technology platform.
ADPADP provides cloud-based human capital management solutions that integrate payroll, HR, talent management, time and attendance, tax, and benefits administration for businesses globally. The company serves as a comprehensive provider of HCM software and business outsourcing services with analytics and compliance expertise.

Companies working in the same space as Nova Benefits.

Frequently asked questions

What does Nova Benefits do?
Nova Benefits is an employee wellness platform that connects Indian companies with corporate health insurance and wellness benefits for their employees and families. The platform aggregates insurance plans, health checkups, mental health services, and employee benefits on a single tech-enabled interface.
Who founded Nova Benefits?
Nova Benefits was founded by Yash Gupta, Saransh Garg in 2020.
Who are Nova Benefits's investors?
Nova Benefits's investors include Bessemer Venture Partners, Better Capital, India Foundation Fund Series I (A Scheme Of Multiply Ventures India, Titan Capital, SHL Capital, Susquehanna International Group.
How much funding has Nova Benefits raised?
Nova Benefits has disclosed $10M raised across 1 of its 3 known rounds.
Where is Nova Benefits headquartered?
Nova Benefits is headquartered in Bengaluru, IN.