Coretree

Hyderabad, India Founded: 2011 • Age: 15 yrs
Online platform for insurance claims support solutions for individuals
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About Coretree

Coretree is a company based in Hyderabad (India) founded in 2011.. Coretree has raised $25 thousand across 1 funding round. The company has 3 employees as of April 07, 2024. Coretree operates in a competitive market with competitors including ClaimSorted, WealthStatus, Anipos, Personable Insurance and Ilmiobrokerassicurativo, among others.

  • Headquarter Hyderabad, India
  • Employees 3 as on 07 Apr, 2024
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Centcart Money Services Private Limited
  • Date of Incorporation 10 Dec, 2015
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
    $483.05 K (USD)
    364.28
    as on Mar 31, 2018
  • Net Profit
    $-186.48 K (USD)
    -477.43
    as on Mar 31, 2018
  • EBITDA
    $-171.49 K (USD)
    -669.42
    as on Mar 31, 2018
  • Total Equity Funding
    $25 K (USD)

    in 1 rounds

  • Latest Funding Round
    $25 K (USD), Seed

    Jan 08, 2013

  • Investors
  • Employee Count
    3

    as on Apr 07, 2024

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Funding Insights of Coretree

Coretree has successfully raised a total of $25K through 1 strategic funding round. The most recent funding activity was a Seed round of $25 thousand completed in January 2013. 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 Rounds 1
  • Last Round Seed — $25,000
  • First Round

    (08 Jan 2013)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Jan, 2013 Amount Seed - Coretree Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investments & Acquisitions by Coretree

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Coretree

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Coretree Comparisons

Employees
+
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Competitors of Coretree

Coretree 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 ClaimSorted, WealthStatus, Anipos, Personable Insurance and Ilmiobrokerassicurativo, 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
ClaimSorted
domain founded_year HQ Location
Insurance claims processing is handled via AI-driven solutions.
WealthStatus
domain founded_year HQ Location
Unclaimed funds are recovered via an app-based platform.
Anipos
domain founded_year HQ Location
Pet insurance claims are facilitated online through photo submissions.
Personable Insurance
domain founded_year HQ Location
Operations and insurance claims administration solutions
Ilmiobrokerassicurativo
domain founded_year HQ Location
Platform providing digital insurance solutions and risk management services
EquiX
domain founded_year HQ Location
Offers a cloud-based platform for managing commercial insurance claims efficiently.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Coretree

Essel Finance acquires Bimadirect operator
Economictimes • 8 years ago

Frequently Asked Questions about Coretree

When was Coretree founded?

Coretree was founded in 2011 and raised its 1st funding round 2 years after it was founded.

Where is Coretree located?

Coretree is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

Who is the current CEO of Coretree?

Brijesh Parnami is the current CEO of Coretree.

Is Coretree a funded company?

Coretree is a funded company, having raised a total of $25K across 1 funding round to date. The company's 1st funding round was a Seed of $25K, raised on Jan 08, 2013.

How many employees does Coretree have?

As of Apr 07, 2024, the latest employee count at Coretree is 3.

What is the annual revenue of Coretree?

Annual revenue of Coretree is $483.05K as on Mar 31, 2018.

What does Coretree do?

Coretree was founded in 2011 in Hyderabad, India, and operates in the insurance technology sector. An online platform is provided for claims support, including product comparison and expert advisory services. Employer-paid mandatory benefits and voluntary programs are also facilitated. Additional IT and BPO services are delivered to support these operations.

Who are the top competitors of Coretree?

Coretree's top competitors include ClaimSorted, sureti and Renaissance Electronic Services.

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