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.