About ERGO
ERGO is a company based in Dusseldorf (Germany) founded in 1997 was acquired by Munich Re in November 2009. It operates as a Subscription Services, and Direct-to-Consumer (D2C). The company has 360 employees as of April 02, 2024. ERGO has completed 2 acquisitions, including Credit Europe Asigurari and Next Insurance. ERGO offers products and services including Insurance Solutions and Financial Services. ERGO operates in a competitive market with competitors including RAC, Munich Re, SIGNAL IDUNA, Blue KC and Hannover Re, among others.
- Headquarter Dusseldorf, Germany
- Employees 360 as on 02 Apr, 2024
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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 Ergo Group Ag
- Date of Incorporation 27 Jan, 2022
- Jurisdiction Mumbai Suburban, Maharashtra, India
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Annual Revenue
$583.23 K (USD)0as on Mar 31, 2023
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Net Profit
$-6.67 M (USD)0as on Mar 31, 2023
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EBITDA
$-5.62 M (USD)0as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
360
as on Apr 02, 2024
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Investments & Acquisitions
Credit Europe Asigurari
& 1 more
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Acquired by
Munich Re
(Nov 25, 2009)
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Products & Services of ERGO
ERGO offers a comprehensive portfolio of products and services, including Insurance Solutions and Financial Services. 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.
Comprehensive insurance products are offered for individuals and businesses.
Financial planning and provision services are provided to clients.
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Software Development Team
84 people
Head Team
21 people
Sales and Marketing
20 people
Leadership Team
18 people
Supervisory Team
9 people
Referentin Team
9 people
Data Analysis and Operations Team
9 people
Human Resources and Administration
7 people
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Funding Insights of ERGO
| 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 ERGO
ERGO has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Munich Re. 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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Platform offering insurance risk management solutions
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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 ERGO
ERGO has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Credit Europe Asigurari and Next Insurance. 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.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online small business insurance policies are provided.
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2016 | ||||
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General insurance services are provided in Romania since 2007.
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2007 |
| 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 - ERGO
| 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 |
Ergo Comparisons
Competitors of ERGO
ERGO 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 RAC, Munich Re, SIGNAL IDUNA, Blue KC and Hannover Re, 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 |
Vehicle parts and accessories are sold via an online platform.
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| domain | founded_year | HQ Location |
Platform offering insurance risk management solutions
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| domain | founded_year | HQ Location |
Diversified insurance services are provided by SIGNAL IDUNA in Germany.
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Diversified reinsurance company
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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 Ergo
Frequently Asked Questions about ERGO
When was ERGO founded?
ERGO was founded in 1997.
Where is ERGO located?
ERGO is headquartered in Dusseldorf, Germany. It is registered at Dusseldorf, North Rhine-westphalia, Germany.
Who is the current CEO of ERGO?
Markus Rieb is the current CEO of ERGO.
How many employees does ERGO have?
As of Apr 02, 2024, the latest employee count at ERGO is 360.
What is the annual revenue of ERGO?
Annual revenue of ERGO is $583.23K as on Mar 31, 2023.
What does ERGO do?
ERGO Group AG is recognized as one of the major insurance groups in Germany and Europe. The company is represented in over 20 countries, with a focus on core and growth markets in Europe and Asia. A wide range of insurance, provision, and service solutions are offered to both individuals and businesses. Sustainability and customer-centric approaches are integrated into operations, with an emphasis on digital innovation and risk management. Environmental and climate protection initiatives are prioritized, alongside fostering a diverse and inclusive workplace culture. Partnerships in sports, particularly football, are supported to promote community engagement.
Who are the top competitors of ERGO?
ERGO's top competitors include RAC, Munich Re and Hannover Re.
What products or services does ERGO offer?
ERGO offers Insurance Solutions and Financial Services.
How many acquisitions has ERGO made?
ERGO has made 2 acquisitions, including Credit Europe Asigurari, and Next Insurance.
Who are ERGO's investors?
ERGO has 1 investor. Key investors include Munich Re.
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