Nova Benefits receives an undisclosed investment from SHL Capital

Nova Benefits, an employee wellness platform centred on corporate health insurance, today received an undisclosed amount from SHL Capital, a fund managed by Sahil Lavingia, CEO at Gumroad, Author and Investor. Lavingia chose to invest in Nova Benefits based on the company’s mission to build happier and healthier workplaces, and high hiring velocity. 

In February 2022, Nova raised an undisclosed amount from Indian-American entrepreneur and investor Naval Ravikant-backed AngelList Early-Stage Quant Fund.

Nova Benefits enables companies to avail customised health insurance plans for their employees and add additional health and wellness benefits around physical and mental health.  

SHL Capital has invested in firms including HelloSign, Lambda School, Notion, Jam and Figma.

Sahil Lavingia, Founder at Gumroad, said: “Nova Benefits is well-positioned to crack the code of employee wellness in India. I believe in what Nova Benefits is doing, and I am excited to see them execute.”

Saransh Garg, CEO & Co-founder of Nova Benefits said, “We are excited to have Sahil as a mentor and advisor. It’s an exciting time to be in the employee wellness space.”

Since its launch, the corporate health insurance company has onboarded more than 300 companies, and 100,000 members on its platform. Some of the companies that have insured with Nova include DTDC, Taco Bell, MyGate, PharmEasy, CoinDCX, Chumbak, HomeLane, TeachMint and Zenoti.