About Beacon
Beacon is a company based in Vadodara (India) founded in 2005. Beacon has raised $26.31 thousand across 1 funding round from investors including Rakshita Mistry, Damodar Das Asawa and Riya Viful Shah. The company has 232 employees as of April 01, 2024.
- Headquarter Vadodara, India
- Employees 232 as on 01 Apr, 2024
- Stage Minicorn
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Beacon Insurance Brokers Private Limited
- Date of Incorporation 31 Jan, 2005
- Jurisdiction Vadodara, Gujarat, India
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Annual Revenue
$5.28 M (USD)37.17as on Mar 31, 2022
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Net Profit
$817.77 K (USD)26.59as on Mar 31, 2022
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EBITDA
$1.26 M (USD)31.83as on Mar 31, 2022
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Total Equity Funding
$26.31 K (USD)
in 1 rounds
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Latest Funding Round
$26.31 K (USD), Angel Round
Aug 03, 2022
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Investors
& 37 more
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Employee Count
232
as on Apr 01, 2024
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People of Beacon
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Funding Insights of Beacon
Beacon has successfully raised a total of $26.31K through 1 strategic funding round. The most recent funding activity was a Angel Round of $26.31 thousand completed in August 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 Beacon
Beacon has secured backing from 38 investors, including angel investors. Prominent investors backing the company include Rakshita Mistry, Damodar Das Asawa and Riya Viful Shah.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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RM
Rakshita Mistry |
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Locked | Locked | Locked |
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DD
Damodar Das Asawa |
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Locked | Locked | Locked |
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RV
Riya Viful Shah |
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Locked | Locked | Locked |
Investor details for Beacon
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Investments & Acquisitions by Beacon
Investment portfolio details for Beacon
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Financial Statements - Beacon
Detailed financials for Beacon
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Beacon Comparisons
Peer comparison for Beacon
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Competitors of Beacon
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Latest news on Beacon
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Frequently Asked Questions about Beacon
Beacon was founded in 2005 and raised its 1st funding round 17 years after it was founded.
Beacon is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
Beacon is a funded company, having raised a total of $26.31K across 1 funding round to date.
As of Apr 01, 2024, the latest employee count at Beacon is 232.
Annual revenue of Beacon is $5.28M as on Mar 31, 2022.
Insurance broking services for direct and reinsurance activities were established in 2005 in Vadodara, India. Operations focus on facilitating transactions across life, general, and reinsurance insurance lines. Risk management support, customized insurance arrangements, and claims handling are delivered. Global affiliations are utilized to support international market access. Emphasis is placed on addressing client requirements through sustained relationships.
Beacon has 38 investors. Key investors include Rakshita Mistry, Damodar Das Asawa, Riya Viful Shah, Abhaykumar Rantrtbhai, and Amaravati Alam.
The valuation of Beacon is $2.05M as of Aug 2022.