About BerryBox Benefits
BerryBox Benefits is a Financial Services company based in Bengaluru (India) founded in 2022 by Praveen Das and Sreekar Obulampalli. DIY insurance management portal offered for enterprises and individuals. It operates in the Financial Services and Healthcare sectors. 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. BerryBox Benefits was last valued at $15.41 million in July 2023. Its Indian entity Berrybox Benefits Private Limited reported revenue of ₹76.3 Lakh. BerryBox Benefits offers products and services including Business Insurance Products. Its focus areas include FinTech, Employer Insurance, Benefits Administration and InsurTech. Its competitors include Tata Capital, Kotak General Insurance and SMC Insurance.
Company details
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.
- Headquarters Bengaluru, India
- Employees 1
- Founders Praveen Das, Sreekar Obulampalli
- Stage Minicorn
- SectorsFinancial ServicesHealthcare
- Email••••••••
- Website myberrybox.com
- Social LinkedIn X
- Legal Name Berrybox Benefits Private Limited
- Date of Incorporation 17 Dec, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹76.3 Lakh
FY 2024
- Net Loss-₹2.25 Cr
FY 2024 · -295% margin
- EBITDA-₹2.21 Cr
FY 2024 · -289% margin
- Total Equity Funding$662.26K (USD)
in 2 rounds
- Latest Funding Round$154.17K (USD), Angel Round
Nov 2024
- Employee Count1
Associated legal entities of BerryBox Benefits
BerryBox Benefits operates through Berrybox Benefits Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Berrybox Benefits Private Limited CIN U72200KA2022PTC169161 | Active | 17 Dec 2022 | Bangalore, Karnataka | ₹0.8 Cr | 2 | View details |
Products & Services of BerryBox Benefits
BerryBox Benefits offers a comprehensive portfolio of products and services, including Business Insurance Products.
Simplifies creation, buying, and selling of business insurance.
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 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 $662,259
- Total Rounds 2
- Last Round Angel Round — $154,167
- First Round $508,092
(Jul 2023)
- Investors Count 10
All 2 funding rounds of BerryBox Benefits 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 |
|---|---|---|---|---|---|
| Nov 2024 | $154,167 | Angel Round | – | Sultan Ali Nassur | |
| Jul 2023 | $508,092 | Angel Round | $15.41M | Tony Adam, Natasha Dave Dsouza |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2023 | $15.41M | •••••••• |
Last known valuation $15.41M (Jul 2023). 10 investors in total: 0 institutional and 10 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SA Sultan Ali Nassur | unknown_2a8f61edd73148e18 | |||
RB Rohit Bhargava | unknown_a290579eee9b42909 | |||
HK Hiren Kailas Kamod | unknown_ed7f9593ad9c4cc4a | |||
TA Tony Adam | unknown_0d3c8850248d47008 | |||
ND Natasha Dave Dsouza | unknown_fd0120f47227498ca | |||
OD Oliver Dsouza | unknown_9ec49d856c274cabb | |||
VG Vinster Gerald Lewis | unknown_b2842744269442b68 | |||
AD Anupama Das | unknown_e55040752ba44787b | |||
GR Gopala Rathanam | unknown_7c2bda0062f74149b | |||
BK Bikash Kumar Kedia | unknown_f71aa90db937482e9 |
Investor details for BerryBox Benefits
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 Berrybox Benefits Private Limited (BerryBox Benefits)
Berrybox Benefits Private Limited is the primary company behind BerryBox Benefits. The board of Berrybox Benefits Private Limited currently have 2 directors; the longest-serving is Praveen Kumar Das, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Praveen Kumar Das DIN 01419481 | Director | 17 Dec 2022 | 3 yrs 10 mo | Berrybox Benefits Private Limited |
| Sreekar Obulampalli DIN 03516419 | Director | 17 Dec 2022 | 3 yrs 10 mo | Berrybox Benefits Private Limited |
People of BerryBox Benefits
7 people are tracked at BerryBox Benefits (6 in leadership, 1 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CBO | Leadership | |
| Co-Founder | Leadership | |
Keith D'Souza | Chief Of Staff, Founder's Office | Leadership |
Siddharth Vikram Singh | Associate Director - Service Delivery | Leadership |
Dhruba Dutta | Assosciate Director Pre Sales | Leadership |
Debarshi Datta | Vice President - Sales & Distribution | Leadership |
Soumya Joshi | Manager - Human Resources | Team |
Complete people profiles for BerryBox Benefits
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 BerryBox Benefits
Figures of Berrybox Benefits Private Limited, the primary company behind BerryBox Benefits, for FY 2024. Revenue was ₹76.3 Lakh. Net loss was -₹2.25 Cr (-295% margin). EBITDA was -₹2.21 Cr (-289% margin).
- ₹76.3 LakhRevenue · FY 2024
- -₹2.25 CrNet loss · -295% margin
- -₹2.21 CrEBITDA · -289% margin
- ₹11 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Berrybox Benefits Private Limited are on its company page.
Detailed financial statements for BerryBox Benefits
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 BerryBox Benefits
4 dated milestones of BerryBox Benefits across 2 years, from founding to its latest funding, stage changes and deals.
- Founded BerryBox Benefits is founded.
- Funding First funding round of $508K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $154K.
Competitors of BerryBox Benefits
BerryBox Benefits has 3 listed competitors in our database. They include Tata Capital, Kotak General Insurance and SMC Insurance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tatacapital.com | 2007 | Mumbai, India | 27,075 | Diversified non-banking financial services are provided by Tata Capital. | ||
| kotakgeneral.com | 2015 | Mumbai, India | 1,897 | Provider of motor and health insurance products with instant online renewal and easy policy purchase process | ||
| smcinsurance.com | 1990 | Delhi, India | 472 | Serves as an online-first provider of life, health, and vehicle insurance services for individuals and families. |
Detailed competitors of BerryBox Benefits
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.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as BerryBox Benefits (Insurance & Risk Management) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Health insurance plans are offered for individuals and families. | 2006 | Chennai, Tamil Nadu, India | USD 783.29 M | USD 1.9 B | 15,820 | |
Life, health, and general insurance services are provided across India. | 2001 | Mumbai, Maharashtra, India | USD 306.52 M | USD 2.88 B | 16,700 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | USD 15.24 B | 126 |
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Frequently Asked Questions about BerryBox Benefits
BerryBox Benefits was founded in 2022 and raised its 1st funding round 1 year after it was founded.
BerryBox Benefits is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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 2023.
BerryBox Benefits has 1 employees.
The primary company behind BerryBox Benefits, Berrybox Benefits Private Limited, reported revenue of ₹76.3 Lakh for FY 2024.
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.
BerryBox Benefits's top competitors include Tata Capital, Kotak General Insurance and SMC Insurance.
BerryBox Benefits offers Business Insurance Products.
BerryBox Benefits has 10 investors. Key investors include Sultan Ali Nassur, Rohit Bhargava, Hiren Kailas Kamod, Tony Adam, and Natasha Dave Dsouza.
The valuation of BerryBox Benefits is $15.41M as of Jul 2023.
BerryBox Benefits operates through Berrybox Benefits Private Limited.
The legal entities of BerryBox Benefits currently have 2 directors, including Praveen Kumar Das, Sreekar Obulampalli.