About Bharatsure
Bharatsure is a company based in Mumbai (India) founded in 2021 by Sanil Basutkar and Anuj Parekh.. Bharatsure has raised $3.25 million across 4 funding rounds from investors including Angel List, Grip Invest and Hem Securities. The company has 17 employees as of April 05, 2024. Bharatsure offers products and services including Employee Benefits as a Service and Embedded Insurance API. Bharatsure operates in a competitive market with competitors including Alight, Swile, Wright Express, Businessolver and Zopper, among others.
- Headquarter Mumbai, India
- Employees 17 as on 05 Apr, 2024
- Founders Sanil Basutkar, Anuj Parekh
- Stage Minicorn
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Sectors
Financial ServicesTechnology Healthcare
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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 Safetynet Innovations Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$70.32 K (USD)174.79as on Mar 31, 2023
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Net Profit
$-311.08 K (USD)-96.9as on Mar 31, 2023
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EBITDA
$-292.33 K (USD)-98.01as on Mar 31, 2023
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Total Equity Funding
$3.25 M (USD)
in 4 rounds
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Latest Funding Round
$870.51 K (USD), Seed
Oct 26, 2024
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Investors
Angel List
& 165 more
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Employee Count
17
as on Apr 05, 2024
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Products & Services of Bharatsure
Bharatsure offers a comprehensive portfolio of products and services, including Employee Benefits as a Service and Embedded Insurance API. 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.
Platform for tech and sales support in employee benefits distribution.
APIs for integrating insurance into third-party platforms seamlessly.
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Funding Insights of Bharatsure
Bharatsure has successfully raised a total of $3.25M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $870.51 thousand completed in October 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 4
- Last Round Seed — $870,507
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First Round
First Round
(13 May 2021)
- Investors Count 166
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Bharatsure | Valuation | Inflection Point Ventures | |
| Nov, 2023 | Amount | Seed - Bharatsure | Valuation | Capital A , Dexter Angels | |
| Feb, 2022 | Amount | Seed - Bharatsure | Valuation | Campus Fund , Inflection Point Ventures |
| 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 Bharatsure
Bharatsure has secured backing from 166 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Grip Invest and Hem Securities. 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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Venture capital funding is provided to Indian startups.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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Pre-seed and seed-stage investments are made across multiple sectors.
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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 Bharatsure
| 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 - Bharatsure
| 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 |
Bharatsure Comparisons
Competitors of Bharatsure
Bharatsure 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 Alight, Swile, Wright Express, Businessolver and Zopper, 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 |
Cloud-based HRMS solutions are offered for enterprise HR management.
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| domain | founded_year | HQ Location |
A card-linked wallet is provided for employee financial management.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based employee benefits administration solutions are delivered.
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| domain | founded_year | HQ Location |
API-enabled insurance distribution platform is provided for B2C companies.
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| domain | founded_year | HQ Location |
Cloud-based self-insurance platform is offered to employers for employee sponsorship.
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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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Latest news on Bharatsure
Frequently Asked Questions about Bharatsure
When was Bharatsure founded?
Bharatsure was founded in 2021.
Where is Bharatsure located?
Bharatsure is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Bharatsure?
Anuj Parekh is the current CEO of Bharatsure. They have also founded this company.
Is Bharatsure a funded company?
Bharatsure is a funded company, having raised a total of $3.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on May 13, 2021.
How many employees does Bharatsure have?
As of Apr 05, 2024, the latest employee count at Bharatsure is 17.
What is the annual revenue of Bharatsure?
Annual revenue of Bharatsure is $70.32K as on Mar 31, 2023.
What does Bharatsure do?
Bharatsure was founded in 2021 in Mumbai, India, within the insurtech sector. Technology, servicing, and product infrastructure for insurance distribution are supplied. Accessibility is facilitated for gig workers, students, and digital users across categories like health, personal accident, student health, and cybersecurity insurance. API capabilities are extended to support embedded insurance and healthcare integrations on third-party platforms. Dashboard analytics, data integration, revenue management, and employee benefits are incorporated into operations.
Who are the top competitors of Bharatsure?
Bharatsure's top competitors include Alight, Wright Express and Businessolver.
What products or services does Bharatsure offer?
Bharatsure offers Employee Benefits as a Service and Embedded Insurance API.
Who are Bharatsure's investors?
Bharatsure has 166 investors. Key investors include Angel List, Grip Invest, Hem Securities, LetsVenture, and We Founder Circle.
What is Bharatsure's valuation?
The valuation of Bharatsure is $1.55M as of May 2021.