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JellyBean Team
Employee benefits and rewards management startup Jellybean has raised $350,000 in a pre-Seed funding round led by Paradigm Shift Capital and Sunn91 Ventures.
The pre-seed round also saw participation from MarsShot Ventures (Razorpay Founders), Vaibhav Vardhan, Saurabh Nigam (VP-Human Capital, Omidyar Network) and Sumanth Narayanan - Business head, Akamai India.
According to the company's statement, the raised capital would be used to bolster its product and facilitate expansion into new offerings.
Founded in 2022 by Naren Krishna, Bhavesh Upadhyay, and Ganesha Gampa, The startup said it provides a platform that enables companies to offer personalized choices to their employees, eliminating administrative complexities.
The platform offers a wide range of benefits, including health, fitness, mental wellness, learning and development, lifestyle and entertainment, F&B, commute, and pet care.
"We are thrilled to have received this significant investment by industry leaders in our pre-seed funding round. We are also working on leveraging AI to enhance personalization capabilities. Our aim is to address the challenges faced by companies when providing employee benefits to a diverse, multigenerational workforce. We aim to make employee benefits more inclusive and meaningful by offering flexibility, customization, and personalization options," said Naren Krishna, co-founder and CEO of Jellybean.
"Jellybean's offering of making Perks and Benefits customisable and a seamless experience for today's diverse, and multigenerational workforce is a breath of fresh air in the employee benefits space. Jellybean's solution is a no-brainer solution for any employer that wants to provide truly meaningful benefits to their team, while taking away the administrative hassle of managing benefits. In today's day and age, a one-size- fits-all mentality does not work in attracting and retaining great talent - and Jellybean solves exactly that," said Surabhi Washishth, founding partner of Paradigm Shift Capital.
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