Tiger Global leads $15.6 mn round in health insurance startup Plum

Tiger Global's investments this year have helped Cred, Innovaccer, ShareChat and other companies to become unicorns.

Tiger Global led a $15.6 million investment round in group health insurance company Plum, said the Indian company on Monday.

Previous investors Sequoia Capital India’s Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital also participated in the Series A round. The startup had raised $5 million in earlier rounds last year.

Angel investors Kunal Shah (founder of Cred), Gaurav Munjal, Roman Saini and Hemesh Singh (founders of Unacademy), Lalit Keshre, Harsh Jain and Ishan Bansal (founders of Groww), Ramakant Sharma and Anuj Srivastava (founders of Livspace), and Douglas Feirstein (founder of Hired) also participated in this round.

Plum said it would use