About DirectAsia
DirectAsia is a company based in Singapore (Singapore) founded in 2010 was acquired by Roojai in September 2023.. DirectAsia offers products and services including Car Insurance, Motorcycle Insurance, and Travel Insurance. DirectAsia operates in a competitive market with competitors including Webfleet, Greater Than, PAL Network, Inzsure and Omoove, among others.
- Headquarter Singapore, Singapore
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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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 Direct Asia Management Services Pte. Ltd.
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Products & Services of DirectAsia
DirectAsia offers a comprehensive portfolio of products and services, including Car Insurance, Motorcycle Insurance, and Travel 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 cars including accidents and repairs
Offers protection for motorcycles and riders against damages
Covers travel risks such as medical emergencies and trip cancellations
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Funding Insights of DirectAsia
| 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 |
Investors in DirectAsia
DirectAsia has secured backing from 1 investor. Prominent investors backing the company include Roojai. 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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Online distribution platform for auto insurance
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DirectAsia
| 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 - DirectAsia
| 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 |
Directasia Comparisons
Competitors of DirectAsia
DirectAsia 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 Webfleet, Greater Than, PAL Network, Inzsure and Omoove, 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 |
Provides cloud-based fleet management software solutions.
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Risk intelligence solutions are provided for road safety and climate impact.
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| domain | founded_year | HQ Location |
On-demand property and casualty insurances are provided via mobile app.
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| domain | founded_year | HQ Location |
On-demand corporate insurance solutions
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| domain | founded_year | HQ Location |
Telematics services for insurance, fleet management, and automotive industries.
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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 Directasia
Frequently Asked Questions about DirectAsia
When was DirectAsia founded?
DirectAsia was founded in 2010.
Where is DirectAsia located?
DirectAsia is headquartered in Singapore, Singapore.
What does DirectAsia do?
DirectAsia was established in 2010 in Singapore as an online insurance provider focused on the automotive sector. Services encompassing vehicle coverage and related protections are delivered digitally to customers in the region. Operations are centered on streamlined online processes for policy issuance and claims management, serving the Singapore market primarily. The platform supports various automotive insurance needs without physical branches.
Who are the top competitors of DirectAsia?
DirectAsia's top competitors include Greater Than, PAL Network and Inzsure.
What products or services does DirectAsia offer?
DirectAsia offers Car Insurance, Motorcycle Insurance, and Travel Insurance.
Who are DirectAsia's investors?
DirectAsia has 1 investor. Key investors include Roojai.