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. 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
- Founders Kuldeep Dubey, Adarsh Chokhani, Rishi Iyer
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Website assurekit.com
- Social LinkedIn X Facebook
- Legal Name Assurekit Technology And Services Private Limited
- Date of Incorporation 03 Apr, 2019
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹3.75 Cr
FY 2025 · +84% YoY
- Net Loss-₹6.44 Cr
FY 2025 · -172% margin
- EBITDA-₹6.38 Cr
FY 2025 · -170% margin
- Total Equity Funding$5.99M (USD)
in 3 rounds
- Latest Funding Round$4.86M (USD), Series A
Apr 2022
- InvestorsAngel List
& 11 more
- Employee Count30
Associated legal entities of Assurekit
Assurekit operates through Assurekit Technology And Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Assurekit Technology And Services Private Limited CIN U72900MH2019PTC323645 | Active | 03 Apr 2019 | Thane, Maharashtra | ₹3.8 Cr | 30 | 5 | View details |
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.
- Total Funding $5.99M
- Total Rounds 3
- Last Round Series A — $4.86M
- First Round $51,047
(Jan 2020)
- Investors Count 12
All 3 funding rounds of Assurekit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $4.86M | Series A | $17.47M | Saama Capital | |
| Nov 2020 | $1.08M | Seed | $3.03M | Mayfield, Kae Capital | – |
| Jan 2020 | $51,047 | Angel Round | $••••• | Umair Albasit Khan | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $17.47M | •••••••• |
| Nov 2020 | $3.03M | •••••••• |
Last known valuation $17.47M (Apr 2022). 12 investors in total: 8 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Mayfield is focused on AI innovation and venture capital investments. | – | mayfield.com | Menlo Park, United States | |
Early-stage investing in tech startups in India. | 2011 | kae-capital.com | Mumbai, India | |
Early-stage technology companies are invested in by Jj Family Office. | – | jjfamilyoffice.tcc.mode | Mumbai, India | |
Venture capital funding is provided to innovative startups in India. | – | qedinnovationlabs.tcc.mode | Mumbai, India | |
Sector-agnostic VC investment company investing globally | – | therisefund.com | San Francisco, United States | |
Venture capital investments and partnerships in diverse sectors. | 2012 | saama.vc | Bengaluru, India | |
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
NR Natarajan Ranganathan | Founder of Gemba Capital, active angel investor in Indian startups | – | unknown_8223697501c9468c8 | - |
NG Nitin Gupta | Founder & CEO of Uni Cards, ex-PayU, active angel investor | – | unknown_b683ef6ff2ce4ff98 | - |
Investor details for Assurekit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Assurekit Technology And Services Private Limited (Assurekit)
Assurekit Technology And Services Private Limited is the primary company behind Assurekit. The board of Assurekit Technology And Services Private Limited currently have 5 directors; the longest-serving is Adarsh Ramendra Chokhani, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Adarsh Ramendra Chokhani DIN 07677938 | Director | 03 Apr 2019 | 7 yrs 6 mo | Assurekit Technology And Services Private Limited |
| Rishi Iyer DIN 08151558 | Director | 19 Jul 2019 | 7 yrs 2 mo | Assurekit Technology And Services Private Limited |
| Kuldeep Panchdev Dubey DIN 08151559 | Director | 19 Jul 2019 | 7 yrs 2 mo | Assurekit Technology And Services Private Limited |
| Vikram Suhas Godse DIN 00230548 | Nominee Director | 18 Oct 2021 | 4 yrs 11 mo | Assurekit Technology And Services Private Limited |
| Sunitha Viswanathan DIN 09365776 | Nominee Director | 22 May 2023 | 3 yrs 4 mo | Assurekit Technology And Services Private Limited |
People of Assurekit
3 people are tracked at Assurekit (3 in leadership); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Assurekit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Assurekit
Figures of Assurekit Technology And Services Private Limited, the primary company behind Assurekit, for FY 2025. Revenue was ₹3.75 Cr (+84% year on year). Net loss was -₹6.44 Cr (-172% margin). EBITDA was -₹6.38 Cr (-170% margin). Revenue has grown at a compounded annual rate of +132% over three years and +304% over five years.
- ₹3.75 CrRevenue · FY 2025 · +84% YoY
- -₹6.44 CrNet loss · -172% margin
- -₹6.38 CrEBITDA · -170% margin
- ₹21.8 LakhPaid-up capital
- 30Employees (provident fund records)
- +132%Revenue CAGR, 3 years
- +304%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Assurekit Technology And Services Private Limited are on its company page.
Detailed financial statements for Assurekit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Assurekit
4 dated milestones of Assurekit across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Assurekit is founded.
- Funding First funding round of $51K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $4.9M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| riskcovry.com | 2018 | Mumbai, India | $14.41M | 126 | A platform for digital insurance distribution and management is provided. | |
| socotra.com | 2014 | San Francisco, United States | $85.09M | 37 | Cloud-based solutions for insurance policy management and underwriting are offered. | |
| fintechos.com | 2017 | London, United Kingdom | $145.99M | 49 | AI-based software suite is provided for banking and insurance sectors. | |
| resourcepro.com | 2003 | New York, United States | $87.37M | 3,180 | Insurance policy and claim management solutions for the insurance industry | |
| ebaotech.com | 2000 | Singapore | $36M | – | Cloud-based insurance software suites are developed for insurers and partners. | |
| tinubu.com | 2000 | Moulineaux, France | $147.49M | – | Cloud-based software solutions for credit insurers, surety bonds & trade finance | |
| xceedance.com | 2013 | Bermuda | – | 3,206 | Provides operations, technology, and data services to insurers worldwide. | |
| keylane.com | 1986 | Utrecht, Netherlands | – | – | Cloud-based life and non-life insurance platform for the insurance and pension industry | |
| novidea.com | 2009 | Milwaukee, United States | $110M | – | Agency management platform for insurance brokers and agents is offered. |
Detailed competitors of Assurekit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Assurekit
The website of Assurekit (assurekit.com) receives about 34.1K visits a month.
- Monthly visits34.1K
▲ 70.9% vs previous month
Similar companies to Assurekit
10 companies that operate in the same segment as Assurekit (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | – | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Finland | USD 1.16 B | – | – | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | – | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 182.84 M | – | – |
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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. The company's 1st funding round was a Angel Round of $51.05K, raised on Jan 2020.
Assurekit has 30 employees.
The primary company behind Assurekit, Assurekit Technology And Services Private Limited, reported revenue of ₹3.75 Cr for FY 2025, up 84% year on year.
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.
Assurekit operates through Assurekit Technology And Services Private Limited.