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
$0 (USD)0as on Mar 31, 2023
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Net Profit
$0 (USD)0as on Mar 31, 2023
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EBITDA
$0 (USD)0as on Mar 31, 2023
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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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| 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 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. 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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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 |
| 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 IndiaFirst Life
| 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 - IndiaFirst Life
| 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 |
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. 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 |
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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| 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 Indiafirst Life
Frequently Asked Questions about IndiaFirst Life
When was IndiaFirst Life founded?
IndiaFirst Life was founded in 2009.
Where is IndiaFirst Life located?
IndiaFirst Life is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is IndiaFirst Life a funded company?
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.
How many employees does IndiaFirst Life have?
As of Apr 07, 2024, the latest employee count at IndiaFirst Life is 4,303.
What does IndiaFirst Life do?
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.
Who are the top competitors of IndiaFirst Life?
IndiaFirst Life's top competitors include SBI Life Insurance, Life Insurance Corporation of India and PNB MetLife.
Who are IndiaFirst Life's investors?
IndiaFirst Life has 3 investors. Key investors include Warburg Pincus, Legal & General, and Carmel Point Investment India Private Limited.
What is IndiaFirst Life's valuation?
The valuation of IndiaFirst Life is $1.34B as of Sep 2019.
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