A pre-seed funding round of $350,000 was led by Paradigm Shift Capital and Sunn91 Ventures for Jellybean, a personalized employee benefits and rewards management startup. Additionally participating in the round were Vaibhav Vardhan, Saurabh Nigam (VP-Human Capital, Omidyar Network), Sumanth Narayanan (Business Head, Akamai India), MarsShot Ventures (Razorpay Founders), and Sumanth Nigam.
Jellybean claims that the money will be used to improve its product and enable the company’s expansion into new services.
Jellybean, a company founded in 2022 by Naren Krishna, Bhavesh Upadhyay, and Ganesha Gampa, provides a special solution that enables businesses to offer employees customized options while removing administrative burdens.
Employees can choose from over 100 benefits in a variety of categories, including health, fitness, mental wellness, learning and development, lifestyle and entertainment, F&B, commute, and pet care, through Jellybean’s marketplace.
The startup currently provides employee benefits with an annualized Gross Merchandise Value (GMV) of over $500K.