Corporate health insurtech startup, Nova Benefits, raised an undisclosed amount from Indian-American entrepreneur and investor Naval Ravikant-backed AngelList Early-Stage Quant Fund.
Nova Benefits enables corporations to provide customised health insurance plans to their employees as well as additional health benefits related to physical and mental health. Nova Benefits intends to use a portion of the funds to establish an Analytics Division to track hiring and employee wellness trends, taking advantage of data access provided by AngelList Quant Fund. Nova Benefits claims to have onboarded over 200 companies as well as over 100,000 members on its platform. Snapdeal, Pharmeasy, Dream Sports, Yulu Bikes, Chumbak, and Dealshare are among the companies that Nova Benefits claims to have as clients.