About Assurekit
Assurekit is a company based in Mumbai (India) founded in 2019 by Kuldeep Dubey, Adarsh Chokhani, and Rishi Iyer. Assurekit has raised $5.99 million across 3 funding rounds from investors including Angel List, Wellfound and Kae Capital. The company has 30 employees as of April 05, 2024. Assurekit offers products and services including Salary Protect, Wage Protect, Merchant Protect, and Purchase Protect. Assurekit operates in a competitive market with competitors including Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, among others.
- Headquarter Mumbai, India
- Employees 30 as on 05 Apr, 2024
- Founders Kuldeep Dubey, Adarsh Chokhani, Rishi Iyer
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Assurekit Technology And Services Private Limited
- Date of Incorporation 03 Apr, 2019
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$91.74 K (USD)153.67as on Mar 31, 2023
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Net Profit
-$1.28 M (USD)-125.91as on Mar 31, 2023
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EBITDA
-$1.33 M (USD)-142.14as on Mar 31, 2023
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Total Equity Funding
$5.99 M (USD)
in 3 rounds
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Latest Funding Round
$4.86 M (USD), Series A
Apr 18, 2022
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Investors
Angel List
& 11 more
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Employee Count
30
as on Apr 05, 2024
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Products & Services of Assurekit
Assurekit offers a comprehensive portfolio of products and services, including Salary Protect, Wage Protect, Merchant Protect, and Purchase Protect.
Protects employee salaries with AI-backed insurance coverage.
Offers wage security through contextual digital insurance.
Provides protection for merchants against business risks.
Secures customer purchases with reliable insurance options.
Funding Insights of Assurekit
Assurekit has successfully raised a total of $5.99M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.86 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Assurekit
Assurekit has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and Kae Capital.
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Mayfield is focused on AI innovation and venture capital investments.
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Early-stage investing in tech startups in India.
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Early-stage technology companies are invested in by Jj Family Office.
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Investor details for Assurekit
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Investments & Acquisitions by Assurekit
Investment portfolio details for Assurekit
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Financial Statements - Assurekit
Detailed financials for Assurekit
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Assurekit Comparisons
Peer comparison for Assurekit
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Competitors of Assurekit
Assurekit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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A platform for digital insurance distribution and management is provided.
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Cloud-based solutions for insurance policy management and underwriting are offered.
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AI-based software suite is provided for banking and insurance sectors.
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Insurance policy and claim management solutions for the insurance industry
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Cloud-based insurance software suites are developed for insurers and partners.
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Cloud-based software solutions for credit insurers, surety bonds & trade finance
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Detailed competitors of Assurekit
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Latest news on Assurekit
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Frequently Asked Questions about Assurekit
Assurekit was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Assurekit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Adarsh Chokhani is the current CEO of Assurekit. They have also founded this company.
Assurekit is a funded company, having raised a total of $5.99M across 3 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Assurekit is 30.
Annual revenue of Assurekit is $91.74K as on Mar 31, 2023.
Assurekit was established in 2019 in Mumbai, India, as a provider of solutions within the insurance sector. Insurance process management, ledger management, product development, and O2O lifecycle management are handled through its platform. Distribution solutions are offered for auto insurance, health insurance, and related areas, supporting operational efficiency in the industry.
Assurekit offers Salary Protect, Wage Protect, Merchant Protect, and Purchase Protect.
Assurekit has 12 investors. Key investors include Angel List, Wellfound, Kae Capital, Saama Capital, and Mayfield.
The valuation of Assurekit is $17.47M as of Apr 2022.