Nova Benefits Overview
- Year Founded
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2020
- Status
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Private
- Employees
-
124
- Latest Deal Type
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Series B
- (Cancelled)
- Latest Deal Amount
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$30M
- Investors
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15
Nova Benefits General Information
Description
Developer of a health benefits platform designed to help companies get suitable health benefits for their employees. The company's platform offers health insurance, doctor consultations, claim settlement, mental wellness, physical fitness, and chronic care services to manage benefits more efficiently while giving employees easier access to healthcare coverage and wellness services, enabling employers to access personalised health programs and manage healthcare benefits for their employees.
Contact Information
Website
www.novabenefits.comCorporate Office
- III Floor, Lakshmi Narasimha, Number 6/A
- 100 Feet Road, Koramangala 4th Block, Koramangala
- Bengaluru, Karnataka 560095
- India
Corporate Office
- III Floor, Lakshmi Narasimha, Number 6/A
- 100 Feet Road, Koramangala 4th Block, Koramangala
- Bengaluru, Karnataka 560095
- India
Nova Benefits Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Early Stage VC (Series B) | 16-May-2022 | $30M | Cancelled | Generating Revenue | ||
| 4. Early Stage VC | 10-May-2022 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 09-Feb-2022 | Completed | Generating Revenue | |||
| 2. Seed Round | 14-Apr-2021 | $1.02M | $1.02M | Completed | Generating Revenue | |
| 1. Seed Round | 01-Jan-2020 | Completed | Startup |
Nova Benefits Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| Series A | ||||||||
| Ordinary | 144 | $0.134169 | $18.69 | $18.69 | 1x | $18.69 | 0.04% | |
| Preference | 41,452 | $0.134169 | $18.57 | $18.57 | 1x | $18.57 | 12.67% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Nova Benefits Comparisons
Industry
Financing
Details
Nova Benefits Competitors (1)
One of Nova Benefits’s competitors is ACKO Technology and Services, a Venture Capital-Backed company based in Bengaluru, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ACKO Technology and Services | Venture Capital-Backed | Bengaluru, India |
Nova Benefits Related Research & Analysis
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Verticals
Nova Benefits Signals
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Size Multiple
Key Data Points
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Majestic Referring Domains
Nova Benefits Investors (15)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| SHL Capital | Venture Capital | Minority | ||
| Angel (individual) | Minority | |||
| AL Trust | Venture Capital | Minority | ||
| Bessemer Venture Partners | Venture Capital | Minority | ||
| Angel (individual) | Minority |
Nova Benefits FAQs
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When was Nova Benefits founded?
Nova Benefits was founded in 2020.
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Where is Nova Benefits headquartered?
Nova Benefits is headquartered in Bengaluru, India.
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What is the size of Nova Benefits?
Nova Benefits has 124 total employees.
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What industry is Nova Benefits in?
Nova Benefits’s primary industry is Insurance Brokers.
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Is Nova Benefits a private or public company?
Nova Benefits is a Private company.
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What is Nova Benefits’s current revenue?
The current revenue for Nova Benefits is .
-
How much funding has Nova Benefits raised over time?
Nova Benefits has raised $10.6M.
-
Who are Nova Benefits’s investors?
SHL Capital, , AL Trust, Bessemer Venture Partners, and are 5 of 15 investors who have invested in Nova Benefits.
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Who are Nova Benefits’s competitors?
ACKO Technology and Services is a competitor of Nova Benefits.
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