About BerryBox Benefits
BerryBox Benefits is a company based in Bengaluru (India) founded in 2022 by Praveen Das and Sreekar Obulampalli.. BerryBox Benefits has raised $662.26 thousand across 2 funding rounds from investors including Sultan Ali Nassur, Rohit Bhargava and Hiren Kailas Kamod. The company has 1 employees as of March 28, 2024. BerryBox Benefits offers products and services including Business Insurance Products. BerryBox Benefits operates in a competitive market with competitors including MetLife, Tata Capital, Kotak General Insurance, SMC Insurance and BankSaathi, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 28 Mar, 2024
- Founders Praveen Das, Sreekar Obulampalli
- Stage Minicorn
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Sectors
Financial ServicesHealthcare
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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 Berrybox Benefits Private Limited
- Date of Incorporation 17 Dec, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$662.26 K (USD)
in 2 rounds
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Latest Funding Round
$154.17 K (USD), Angel Round
Nov 26, 2024
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Investors
& 9 more
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Employee Count
1
as on Mar 28, 2024
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Products & Services of BerryBox Benefits
BerryBox Benefits offers a comprehensive portfolio of products and services, including Business Insurance Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Simplifies creation, buying, and selling of business insurance.
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Leadership Team
2 people
Sales and Marketing
2 people
Founder Team
1 people
Human Resources and Administration
1 people
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Funding Insights of BerryBox Benefits
BerryBox Benefits has successfully raised a total of $662.26K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $154.17 thousand completed in November 2024. 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $154,167
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First Round
First Round
(10 Jul 2023)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Angel Round - BerryBox Benefits | Valuation | Sultan Ali Nassur | |
| Jul, 2023 | Amount | Angel Round - BerryBox Benefits | Valuation | Tony Adam , Natasha Dave Dsouza |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BerryBox Benefits
BerryBox Benefits has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Sultan Ali Nassur, Rohit Bhargava and Hiren Kailas Kamod. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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SA
Sultan Ali Nassur |
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Founded Year | Domain | Location |
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RB
Rohit Bhargava |
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Founded Year | Domain | Location |
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HK
Hiren Kailas Kamod |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BerryBox Benefits
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BerryBox Benefits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Berrybox Benefits Comparisons
Competitors of BerryBox Benefits
BerryBox Benefits 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 MetLife, Tata Capital, Kotak General Insurance, SMC Insurance and BankSaathi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet-based life, health, auto, home, and pet insurance is offered.
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| domain | founded_year | HQ Location |
Diversified non-banking financial services are provided by Tata Capital.
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| domain | founded_year | HQ Location |
Provider of motor and health insurance products with instant online renewal and easy policy purchase process
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| domain | founded_year | HQ Location |
Serves as an online-first provider of life, health, and vehicle insurance services for individuals and families.
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| domain | founded_year | HQ Location |
An internet-first provider offering life and health insurance services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about BerryBox Benefits
When was BerryBox Benefits founded?
BerryBox Benefits was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is BerryBox Benefits located?
BerryBox Benefits is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is BerryBox Benefits a funded company?
BerryBox Benefits is a funded company, having raised a total of $662.26K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $508.09K, raised on Jul 10, 2023.
How many employees does BerryBox Benefits have?
As of Mar 28, 2024, the latest employee count at BerryBox Benefits is 1.
What does BerryBox Benefits do?
Provider of a DIY insurance management portal for enterprises and individuals. The platform consolidates insurance management for enterprises, corporates, and MSMEs, enabling HRAdmins to manage employee benefits and non-employee insurances. Insurers, agents, and brokers can streamline operations and offer tech-enabled services. Individuals can manage their OPD, wellness plans, and personal insurance needs. The platform emphasizes enterprise-grade security, holding ISO 27001 and SOC 2 Type 2 certifications, and is HIPAA compliant for healthcare users in the US. It uses TLS and AES encryption, with role-based access controls.
Who are the top competitors of BerryBox Benefits?
BerryBox Benefits's top competitors include Tata Capital, MetLife and Kotak General Insurance.
What products or services does BerryBox Benefits offer?
BerryBox Benefits offers Business Insurance Products.
Who are BerryBox Benefits's investors?
BerryBox Benefits has 10 investors. Key investors include Sultan Ali Nassur, Rohit Bhargava, Hiren Kailas Kamod, Tony Adam, and Natasha Dave Dsouza.
What is BerryBox Benefits's valuation?
The valuation of BerryBox Benefits is $15.41M as of Jul 2023.