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.
Platform for tech and sales support in employee benefits distribution.
APIs for integrating insurance into third-party platforms seamlessly.
People of Bharatsure
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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.
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.
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Investments are made in early-stage tech startups across sectors.
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Pre-seed and seed-stage investments are made across multiple sectors.
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Investor details for Bharatsure
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Investments & Acquisitions by Bharatsure
Investment portfolio details for Bharatsure
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Financial Statements - Bharatsure
Detailed financials for Bharatsure
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Bharatsure Comparisons
Peer comparison for Bharatsure
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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.
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Cloud-based HRMS solutions are offered for enterprise HR management.
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A card-linked wallet is provided for employee financial management.
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Employee benefit administration and payment solutions are provided for enterprises.
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Cloud-based employee benefits administration solutions are delivered.
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API-enabled insurance distribution platform is provided for B2C companies.
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Cloud-based self-insurance platform is offered to employers for employee sponsorship.
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Detailed competitors of Bharatsure
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Latest news on Bharatsure
Complete news archive for Bharatsure
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Frequently Asked Questions about Bharatsure
Bharatsure was founded in 2021.
Bharatsure is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Anuj Parekh is the current CEO of Bharatsure. They have also founded this company.
Bharatsure is a funded company, having raised a total of $3.25M across 4 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Bharatsure is 17.
Annual revenue of Bharatsure is $70.32K as on Mar 31, 2023.
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.
Bharatsure's top competitors include Alight, Wright Express and Businessolver.
Bharatsure offers Employee Benefits as a Service and Embedded Insurance API.
Bharatsure has 166 investors. Key investors include Angel List, Grip Invest, Hem Securities, LetsVenture, and We Founder Circle.
The valuation of Bharatsure is $1.55M as of May 2021.