Insights

Wellness Platform Nova Benefits focuses on employee health and wellness benefits with a platform that integrates corporate health insurance and mental wellness programs, presenting a cross-sell opportunity to employers seeking comprehensive wellbeing solutions.

Growth Opportunities With a reported revenue range of 25-50 million and recent funding, there is likely scale and budgets available in mid-market to enterprise segments. However, past layoffs suggest careful targeting to stable, growth-minded HR and benefits leaders.

Strategic Partnerships Existing collaborations with Manahwellness and Zyla Health indicate openness to integrating third-party health services. This creates a pathway to upsell additional wellness ecosystems, telehealth, and mental health offerings.

Competitive Position Nova Benefits competes with OnSurity, Plum, and Kenko Health, signaling a crowded insurtech space. Positioning tailored to mid-sized companies with low HR overhead could be a differentiator for acquisition or renewed contracts.

Tech & Access A tech-forward stack featuring Cloudflare, React, and Google Sign-in suggests a modern, user-friendly platform. This enables targeted demos highlighting seamless integration with existing HRIS and single sign-on for ease of adoption.

Similar companies to Nova Benefits

Nova Benefits Tech Stack

Nova Benefits uses 8 technology products and services including LinkedIn Ads, Tableau, Amazon Web Services, and more. Explore Nova Benefits's tech stack below.

Media & News

Nova Benefits's Email Address Formats

Nova Benefits uses at least 3 email formats:
Nova Benefits Email FormatsExamplePercentage
First@getnovaapp.comJohn@getnovaapp.com
93%
Last@getnovaapp.comDoe@getnovaapp.com
4%
First.Last@getnovaapp.comJohn.Doe@getnovaapp.com
3%

Frequently Asked Questions

How much revenue does Nova Benefits generate?

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As of August 2026, Nova Benefits's annual revenue is estimated to be $25M - $50M.

What is Nova Benefits's NAICS code?

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Nova Benefits's NAICS code is 524 - Insurance Carriers and Related Activities.

How many employees does Nova Benefits have currently?

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As of August 2026, Nova Benefits has approximately 117 employees across 4 continents, including Asia, North America and Europe. Key team members include Vice President Employee Benefits: P. K. R., Co-Founder, Cto: Y. G. and Assistant Vice President - Growth & Corporate Relations: A. D. Explore Nova Benefits's employee directory with LeadIQ.

What industry does Nova Benefits belong to?

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Nova Benefits operates in the Insurance industry.

What technology does Nova Benefits use?

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Nova Benefits's tech stack includes LinkedIn Ads, Tableau, Amazon Web Services, Kubernetes, Zoho, Asana, Webflow and Airtable.

What is Nova Benefits's email format?

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Nova Benefits's email format typically follows the pattern of First@getnovaapp.com. Find more Nova Benefits email formats with LeadIQ.

How much funding has Nova Benefits raised to date?

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As of August 2026, Nova Benefits has raised $11M in funding. The last funding round occurred on Jun 10, 2022.

When was Nova Benefits founded?

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Nova Benefits was founded in 2020.
Nova Benefits logo

Nova Benefits

InsuranceKarnataka, India51-200 Employees

Nova Benefits operates a technology platform in the insurance space that enables employers to provide health and wellness benefits to their workforce. The platform identifies favorable benefit options for the company and ensures employees can access them easily, all while minimizing administrative work for human resources. It focuses on connecting organizations with suitable health benefits and simplifying program administration for HR teams. 

Based in Bangalore, Karnataka, India, the company serves mid-sized to larger employers seeking streamlined, comprehensive wellness programs tied to corporate health insurance. In February 2022, Nova Benefits launched The Mental Wellness Plan and formed a partnership with Manahwellness to offer mental health counselling to employees regardless of location. The company has been described as an insurtech startup operating within corporate health insurance and employee wellness.

Section iconCompany Overview

NAICS Code
524 - Insurance Carriers and Related Activities
Founded
2020
Employees
51-200

Section iconFunding & Financials

  • $11M

    Nova Benefits has raised a total of $11M of funding over 4 rounds. Their latest funding round was raised on Jun 10, 2022 as a Venture Round.

  • $25M - $50M

    Nova Benefits's revenue is estimated to be in the range of $25M - $50M

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