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04 Apr 2026

CMS INDUSLAW advises Plum on ₹193 crore Series B led by Peak XV Partners

"Plum Benefits Pvt. Ltd., an employee health benefits platform, raised ₹193 crore in a Series B round led by Peak XV Partners with participation from Tanglin Venture Partners and GMO Venture Partners. CMS INDUSLAW acted for Plum, with partners Winnie Shekhar and Shantanu Singh among the deal team. Plum — which serves over 6,000 organisations — will use the funds to strengthen technology and AI-led claims processing and to expand preventive care, primary care, mental wellness and telehealth services."

CMS INDUSLAW acted for Plum Benefits Private Limited in its ₹193 crore Series B fundraise; the round was led by Peak XV Partners with participation from Tanglin Venture Partners and GMO Venture Partners. Plum raised ₹193 crore to strengthen its technology capabilities, enhance AI‑led claims processing, and expand healthcare offerings across preventive care, primary care, mental wellness and telehealth; the company currently serves over 6,000 organisations in India. Deal team (as stated in the press release): - Winnie Shekhar — Partner (seniority stated; practice area not specified) - Shantanu Singh — Partner (seniority stated; practice area not specified) - Ravin Abhyankar — Senior Associate (seniority stated; practice area not specified) - Shubham S Agrawal — Associate (seniority stated; practice area not specified)
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