About ENSUREDIT
ENSUREDIT is a company based in Bengaluru (India) founded in 2019 by Rohit Sadhu, Amit Boni, Rohit Kumar Rathi, and Vikas Ranga.. ENSUREDIT has raised $4.98 million across 4 funding rounds from investors including Cover Genius, Wellfound and Venture Catalysts. The company has 53 employees as of March 22, 2024. ENSUREDIT offers products and services including Retail Insurance Platform, Embedded Insurance Solution, and Strategic Analytics Tool. ENSUREDIT operates in a competitive market with competitors including Noyo, Px, GoHealth, Zelros and Joshu, among others.
- Headquarter Bengaluru, India
- Employees 53 as on 22 Mar, 2024
- Founders Rohit Sadhu, Amit Boni, Rohit Kumar Rathi, Vikas Ranga
- Stage Minicorn
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Sectors
Financial 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 Ensuredit Technologies Private Limited
- Date of Incorporation 18 Mar, 2019
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.92 M (USD)68.27as on Mar 31, 2023
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Net Profit
$-506.01 K (USD)-36.43as on Mar 31, 2023
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EBITDA
$84.99 K (USD)136.61as on Mar 31, 2023
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Total Equity Funding
$4.98 M (USD)
in 4 rounds
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Latest Funding Round
$4.2 M (USD), Seed
Feb 01, 2022
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Investors
Cover Genius
& 86 more
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Employee Count
53
as on Mar 22, 2024
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Products & Services of ENSUREDIT
ENSUREDIT offers a comprehensive portfolio of products and services, including Retail Insurance Platform, Embedded Insurance Solution, and Strategic Analytics Tool. 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 insurer integration and sales management.
API for embedding insurance in apps and ecosystems.
AI-driven analytics for automotive and market data insights.
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Funding Insights of ENSUREDIT
ENSUREDIT has successfully raised a total of $4.98M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $4.2 million completed in February 2022. 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 — $4.2M
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First Round
First Round
(30 Jun 2020)
- Investors Count 87
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - ENSUREDIT | Valuation | Cover Genius | |
| Sep, 2021 | Amount | Seed - ENSUREDIT | Valuation | CapitalPitch , Sat Industries | |
| Nov, 2020 | Amount | Seed - ENSUREDIT | Valuation | Venture Catalysts , 100Unicorns |
| 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 ENSUREDIT
ENSUREDIT has secured backing from 87 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Cover Genius, Wellfound and Venture Catalysts. 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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Pre-seed and seed stage investments are targeted by CP Ventures.
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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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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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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 ENSUREDIT
| 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 - ENSUREDIT
| 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 |
Ensuredit Comparisons
Competitors of ENSUREDIT
ENSUREDIT 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 Noyo, Px, GoHealth, Zelros and Joshu, 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 |
Insurance data exchange and benefit administration solutions for employers
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| domain | founded_year | HQ Location |
Lead exchange platform is operated as SaaS for advertisers.
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| domain | founded_year | HQ Location |
Healthcare insurance solutions are offered via a digital platform.
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| domain | founded_year | HQ Location |
AI-based solutions for insurance sales and marketing are provided.
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| domain | founded_year | HQ Location |
Digital distribution and sales solutions for insurance carriers are provided.
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| domain | founded_year | HQ Location |
Provider of automated sales and commission payment platform for insurance and financial products
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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 Ensuredit
Frequently Asked Questions about ENSUREDIT
When was ENSUREDIT founded?
ENSUREDIT was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is ENSUREDIT located?
ENSUREDIT is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of ENSUREDIT?
Amit Boni is the current CEO of ENSUREDIT. They have also founded this company.
Is ENSUREDIT a funded company?
ENSUREDIT is a funded company, having raised a total of $4.98M across 4 funding rounds to date. The company's 1st funding round was a Seed of $466.67K, raised on Jun 30, 2020.
How many employees does ENSUREDIT have?
As of Mar 22, 2024, the latest employee count at ENSUREDIT is 53.
What is the annual revenue of ENSUREDIT?
Annual revenue of ENSUREDIT is $1.92M as on Mar 31, 2023.
What does ENSUREDIT do?
Provider of insurance technology solutions for digital distribution and analytics. It offers a platform integrating insurers and products, streamlining front, middle, and back-office operations for various distributors. The platform facilitates embedded insurance within diverse sectors like lending and wealth management. Additionally, it provides strategic analytics, leveraging AIML for deep market insights, particularly within the automotive sector. The solution is cloud-native, API-driven, and customizable, enabling scalable and rapid deployment of insurance products.
Who are the top competitors of ENSUREDIT?
What products or services does ENSUREDIT offer?
ENSUREDIT offers Retail Insurance Platform, Embedded Insurance Solution, and Strategic Analytics Tool.
Who are ENSUREDIT's investors?
ENSUREDIT has 87 investors. Key investors include Cover Genius, Wellfound, Venture Catalysts, Z Nation Lab, and Sat Industries.
What is ENSUREDIT's valuation?
The valuation of ENSUREDIT is $15M as of Feb 2022.
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