About GENRIC
GENRIC is a company based in Centurion (South Africa) founded in 2012 was acquired by Old Mutual in September 2022.. GENRIC offers products and services including Gap Cover, Health Insurance, Mechanical Warranty, Motorcycle Warranty, and Pet Insurance.
- Headquarter Centurion, South Africa
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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 Genric Insurance Company Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Old Mutual
& 1 more
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Employee Count
Employee Count
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Acquired by
Old Mutual
(Sep 05, 2022)
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Products & Services of GENRIC
GENRIC offers a comprehensive portfolio of products and services, including Gap Cover, Health Insurance, Mechanical Warranty, Motorcycle Warranty, and Pet 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.
Covers shortfalls in specialist insurance claims effectively.
Offers affordable healthcare coverage for individuals and families.
Provides protection for vehicle mechanical or electrical failures.
Ensures coverage for motorcycle mechanical breakdowns.
Delivers innovative medical insurance for pets in South Africa.
Offers unique coverage for security company liabilities.
Funding Insights of GENRIC
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - GENRIC | Valuation |
investors |
| 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 GENRIC
GENRIC has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Old Mutual and Fledge Capital. 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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Private equity fund focused on MBOs, M&A, and expansions
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Founded Year | Domain | Location | |
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Diversified financial services are offered across multiple asset classes.
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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 GENRIC
| 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 - GENRIC
| 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 |
Genric Comparisons
Competitors of GENRIC
| 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 Genric
Frequently Asked Questions about GENRIC
When was GENRIC founded?
GENRIC was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Where is GENRIC located?
GENRIC is headquartered in Centurion, South Africa. It is registered at Centurion, Gauteng, South Africa.
Who is the current CEO of GENRIC?
MC Du Toit is the current CEO of GENRIC.
What does GENRIC do?
GENRIC was founded in 2012 as a diversified insurance firm headquartered in Centurion, South Africa. Insurance services are offered in various sectors, including coverage for businesses and individuals. Operations are managed from the local base, with online presence maintained via genric.co.za. Leadership is provided by CEO MC Du Toit, ensuring focus on core insurance activities within the South African market.
What products or services does GENRIC offer?
GENRIC offers Gap Cover, Health Insurance, Mechanical Warranty, Motorcycle Warranty, and 2 more products and services.
Who are GENRIC's investors?
GENRIC has 2 investors. Key investors include Old Mutual, and Fledge Capital.