About Ideal Insurance Brokers
Ideal Insurance Brokers is a company based in Kolkata (India) founded in 2005 by Sandeep Kumar Modi, Ravi Kothari, Rahul Mohata, and Rahul Agarwal. Ideal Insurance Brokers has raised $1.96 million across 4 funding rounds from investors including Style Baazar, Venture Catalysts and Xelp. The company has 170 employees as of April 08, 2024. Ideal Insurance Brokers has completed 1 acquisition, including Govind Consultancy. Ideal Insurance Brokers operates in a competitive market with competitors including Sedgwick, Encompass, Moody's Analytics, Munich Re and iManage, among others.
- Headquarter Kolkata, India
- Employees 170 as on 08 Apr, 2024
- Founders Sandeep Kumar Modi, Ravi Kothari, Rahul Mohata, Rahul Agarwal
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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 Ideal Insurance Brokers Private Limited
- Date of Incorporation 13 Jan, 2005
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$4.23 M (USD)59.99as on Mar 31, 2023
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Net Profit
$426.7 K (USD)57.06as on Mar 31, 2023
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EBITDA
$686.74 K (USD)25.85as on Mar 31, 2023
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Total Equity Funding
$1.96 M (USD)
in 4 rounds
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Latest Funding Round
$960.15 K (USD), Seed
Mar 20, 2024
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Investors
Style Baazar
& 41 more
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Employee Count
170
as on Apr 08, 2024
- Investments & Acquisitions
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People of Ideal Insurance Brokers
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Funding Insights of Ideal Insurance Brokers
Ideal Insurance Brokers has successfully raised a total of $1.96M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $960.15 thousand completed in March 2024. 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.
Investors in Ideal Insurance Brokers
Ideal Insurance Brokers has secured backing from 42 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Style Baazar, Venture Catalysts and Xelp.
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Venture capital firm focused on early-stage companies
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Business solutions for retailers are provided by Vista Business Ventures.
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Investor details for Ideal Insurance Brokers
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Investments & Acquisitions by Ideal Insurance Brokers
Ideal Insurance Brokers has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Govind Consultancy.
Investment portfolio details for Ideal Insurance Brokers
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Diversified insurance brokerage services are provided across multiple sectors.
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Complete acquisition details for Ideal Insurance Brokers
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Financial Statements - Ideal Insurance Brokers
Detailed financials for Ideal Insurance Brokers
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Ideal Insurance Brokers Comparisons
Peer comparison for Ideal Insurance Brokers
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Competitors of Ideal Insurance Brokers
Ideal Insurance Brokers 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 Sedgwick, Encompass, Moody's Analytics, Munich Re and iManage, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Claims administration, loss adjusting, and benefits management services are provided.
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Corporate Digital Identity and KYC solutions are provided by Encompass.
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Risk management software is supplied for insurance and various sectors.
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Platform offering insurance risk management solutions
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Cloud-based document and risk management software is offered for enterprises.
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Provider of AI solutions for insurance underwriting, claims, and risk
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Detailed competitors of Ideal Insurance Brokers
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Latest news on Ideal Insurance Brokers
Complete news archive for Ideal Insurance Brokers
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Frequently Asked Questions about Ideal Insurance Brokers
Ideal Insurance Brokers was founded in 2005 and raised its 1st funding round 12 years after it was founded.
Ideal Insurance Brokers is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Rahul Agarwal is the current CEO of Ideal Insurance Brokers. They have also founded this company.
Ideal Insurance Brokers is a funded company, having raised a total of $1.96M across 4 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Ideal Insurance Brokers is 170.
Annual revenue of Ideal Insurance Brokers is $4.23M as on Mar 31, 2023.
Ideal Insurance Brokers was established in 2005 in Kolkata, India, within the insurance sector. A variety of products, including life, health, and general insurance, is supplied to individuals and businesses. Operations extend across multiple regions, with emphasis placed on risk management strategies for assets and liabilities. Services are tailored to address protection needs in diverse markets.
Ideal Insurance Brokers's top competitors include Sedgwick, Encompass and Shift Technology.
Ideal Insurance Brokers has made 1 acquisition, including Govind Consultancy.
Ideal Insurance Brokers has 42 investors. Key investors include Style Baazar, Venture Catalysts, Xelp, Primarc, and BVC Ventures.