HRtech startup Jellybean bags $350K in pre-seed round

Jellybean, a personalized employee benefits and rewards management  startup, has raised $350K in a pre-seed funding round led by Paradigm Shift Capital and Sunn91 Ventures. MarsShot Ventures (Razorpay Founders), Vaibhav Vardhan, Saurabh Nigam (VP-Human Capital, Omidyar  Network) and Sumanth Narayanan - Business head, Akamai India also participated in the round.

According to Jellybean, the funds will be  used to strengthen its product and facilitate expansion into new offerings. 

Founded in 2022 by Naren Krishna, Bhavesh Upadhyay and Ganesha Gampa, Jellybean offers a  unique solution that allows companies to provide employees with personalized choices, eliminating  administrative hassles. 

With over 100 benefits across various categories like health, fitness, mental wellness, learning and  development, lifestyle and entertainment, F&B, commute, and pet care, Jellybean’s marketplace allows  employees to choose the benefits that align with their specific needs. 

The  startup currently caters to an annualized Gross Merchandise Value (GMV) of over $500K in employee benefits.