About Budget Direct
Budget Direct is a company based in Brisbane (Australia) founded in 2000. It operates as a B2C. Budget Direct has completed 1 acquisition, including Chasing Cars. Budget Direct offers products and services including Car Insurance, Home Insurance, Travel Insurance, Pet Insurance, and Motorcycle Insurance. Budget Direct operates in a competitive market with competitors including RACV, Ahm Health Insurance, Insuranceline, Blue Zebra and LML Insurance Group, among others.
- Headquarter Brisbane, Australia
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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Latest Funding Round
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- Investments & Acquisitions
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Products & Services of Budget Direct
Budget Direct offers a comprehensive portfolio of products and services, including Car Insurance, Home Insurance, Travel Insurance, Pet Insurance, and Motorcycle Insurance. 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.
Provides coverage for vehicle damage, theft, and accidents with online claims
Protects home buildings and contents from loss due to fire or flood
Covers trip cancellations, emergencies, and medical issues abroad
Offers reimbursement for vet expenses related to pet illnesses and injuries
Insures motorcycles against theft, accidents, and third-party damages
Provides financial support for beneficiaries in case of death or disability
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Funding Insights of Budget Direct
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Budget Direct
Budget Direct has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Chasing Cars. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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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 |
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|---|---|---|---|---|---|
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Online platform for video car reviews and industry news
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Budget Direct
| 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 |
Budget Direct Comparisons
Competitors of Budget Direct
Budget Direct 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 RACV, Ahm Health Insurance, Insuranceline, Blue Zebra and LML Insurance Group, 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 |
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| domain | founded_year | HQ Location |
Insurance services for consumers and businesses are offered by RACV.
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Online insurances for health, life, pet, and travel are offered.
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| domain | founded_year | HQ Location |
Multiple insurance products are offered by Insuranceline.
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| domain | founded_year | HQ Location |
Digitally enabled insurance processes and solutions are provided for brokers.
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| domain | founded_year | HQ Location |
Delivers insurance products for personal, commercial, and specialized sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Budget Direct
Frequently Asked Questions about Budget Direct
When was Budget Direct founded?
Budget Direct was founded in 2000.
Where is Budget Direct located?
Budget Direct is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
What does Budget Direct do?
Budget Direct Insurance delivers a variety of products including car, home, travel, pet, motorcycle, and life coverage. Customers can obtain quotes and purchase policies online with discounts for first-year premiums. The company facilitates 247 claims through phone or web, emphasizing reliable service and award-winning support. Operating across Australia, it serves individuals and families by protecting against risks like accidents, theft, and emergencies.
Who are the top competitors of Budget Direct?
Budget Direct's top competitors include RACV, Ahm Health Insurance and Insuranceline.
What products or services does Budget Direct offer?
Budget Direct offers Car Insurance, Home Insurance, Travel Insurance, Pet Insurance, and 2 more products and services.
How many acquisitions has Budget Direct made?
Budget Direct has made 1 acquisition, including Chasing Cars.