• FOUNDING YEAR: 2015
    LOCATION:
    India
    REGION:
    Haryana
    Last Update:
    13 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Online insurance comparison tool for motor industry, instant policy in less than 2 minutes, free reminder service, digital locker for all documents, servicing, and claim assistance. It is simple, fast and easier way to renew car insurance policy.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail businesses
EXISTING PARTNERSHIPS:
Partnered with multiple insurers including L&T General Insurance, Bharati AXA, HDFC Ergo, Bajaj Allianz, Reliance General, IIFCO Tokio.
COMMENT
The platform works in real time and provides the best available price specific for the vehicle model.

PEOPLE

FOUNDERS:
Balachander Sekhar
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Mount Nathan Advisors, Amicus Capital Partners

TRACTION

COMMENT:
$15.4 Mn (INR 100 Cr) mark in terms of annualised insurance premiums. (Oct 2017)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$29.64 Millions
DATE OF LAST FUNDING:
Jul 2019
SEED & PRIOR FUNDING:
$1.5 Millions
FUNDING SERIES:
SERIES B
$18.87 Millions Closed: Jul 2019
Others
$9.27 Millions Closed: Oct 2017
LISTED:
NO

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