About IndiaFirst Life
IndiaFirst Life is a company based in Mumbai (India) founded in 2009. IndiaFirst Life has raised $58.16 million across 3 funding rounds from investors including Warburg Pincus, Legal & General and Carmel Point Investment India Private Limited. The company has 4,303 employees as of April 07, 2024. IndiaFirst Life operates in a competitive market with competitors including SBI Life Insurance, Life Insurance Corporation of India, HDFC Life, ICICI Prudential Life Insurance and PNB MetLife, among others.
- Headquarter Mumbai, India
- Employees 4303 as on 07 Apr, 2024
- Stage Unicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Indiafirst Life Insurance Company Limited
- Date of Incorporation 19 Jun, 2008
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$58.16 M (USD)
in 3 rounds
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Latest Funding Round
$21.04 M (USD), Series C
Sep 20, 2019
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Investors
Warburg Pincus
& 2 more
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Employee Count
4303
as on Apr 07, 2024
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Funding Insights of IndiaFirst Life
IndiaFirst Life has successfully raised a total of $58.16M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $21.04 million completed in September 2019. 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 3
- Last Round Series C — $21.0M
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First Round
First Round
(28 Aug 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series C - IndiaFirst Life | Valuation | Carmel Point Investment India Private Limited |
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| Feb, 2019 | Amount | Private Equity Round - IndiaFirst Life | Valuation |
investors |
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| Aug, 2009 | Amount | Series C - IndiaFirst Life | Valuation | Legal & General |
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Investors in IndiaFirst Life
IndiaFirst Life has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Warburg Pincus, Legal & General and Carmel Point Investment India Private Limited.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Life, home, pet, and general insurance services are offered online.
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Founded Year | Domain | Location |
Investments & Acquisitions by IndiaFirst Life
Financial Statements - IndiaFirst Life
Indiafirst Life Comparisons
Competitors of IndiaFirst Life
IndiaFirst Life 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 SBI Life Insurance, Life Insurance Corporation of India, HDFC Life, ICICI Prudential Life Insurance and PNB MetLife, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Life Insurance joint venture between SBI and BNP Paribas Cardiff
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| domain | founded_year | HQ Location |
Life insurance and micro insurance services are provided in India.
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| domain | founded_year | HQ Location |
Life and health insurance services are offered in India.
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Life and general insurance products are provided by Tata AIA.
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Frequently Asked Questions about IndiaFirst Life
IndiaFirst Life was founded in 2009.
IndiaFirst Life is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
IndiaFirst Life is a funded company, having raised a total of $58.16M across 3 funding rounds to date. The company's 1st funding round was a Series C of $37.12M, raised on Aug 28, 2009.
As of Apr 07, 2024, the latest employee count at IndiaFirst Life is 4,303.
IndiaFirst Life was founded in 2009 and is headquartered in Mumbai, India. Operations focus on the insurance sector, where life and health coverage is provided through protection, savings, and group plans. Services are extended to individuals and families, with emphasis placed on financial stability, claims processing efficiency, and straightforward policy structures across the Indian market.
IndiaFirst Life's top competitors include SBI Life Insurance, Life Insurance Corporation of India and PNB MetLife.
IndiaFirst Life has 3 investors. Key investors include Warburg Pincus, Legal & General, and Carmel Point Investment India Private Limited.
The valuation of IndiaFirst Life is $1.34B as of Sep 2019.