B2B Well being Insurance coverage Platform Nova Advantages Raises $1 Million By Newest Funding Spherical

Nova Advantages, a B2B medical health insurance platform, has reportedly secured $1 million by means of its newest seed spherical, which was led by Multiply Ventures, Higher Capital and Titan Capital. Based in 2020, Nova Advantages claims to be the one cease tech platform for offering the “finest” well being and wellness advantages to workers.

 “Our product contains the next (1) Advice engine to assist corporations choose one of the best well being advantages for his or her workers (2) Worker expertise portal to entry their advantages Nova is constructed by founders from IIT-Bombay and IIT-Delhi, who’ve been a part of Y-Combinator, Accel, Samsung Korea & BCG. We’re backed by high VC traders from the nation.”

Saransh Garg, Co-Founder and CEO of Nova Advantages, shared extra particulars in regards to the firm with Mint:

“By course of enhancements like doing a doc deficiency test on the time of submitting a declare, we’ve diminished the typical (insurance coverage) declare settlement time by a number of days. For human useful resource professionals, inside organisations, Nova eliminates redundant processes like month-to-month addition and deletion of workers by integrating with the human useful resource administration techniques like Darwin Field, Greytip, Keka, ZohoHR and several other others.”

Funds from the funding spherical can be used to proceed the expansion and growth of the Nova Advantages’ platform and merchandise.