About Instabima
Instabima is a Financial Services company based in Bengaluru (India) founded in 2017 by Shekhar Palai. It serves as an online platform for comparing insurance options for individuals. It operates on a B2C model. Its chief executive, as recorded, is Shekhar Palai. Its Indian entity Instabima Insurance Web Aggregator Private Limited reported revenue of ₹19.4 Lakh. Its focus areas include Finance, Insurance, Comparison Platforms and Online Services. Similar companies include Policybazaar, InsuranceDekho and PB Fintech; 2 of its 3 listed similar companies have raised funding.
Company details
Instabima, based in Bengaluru, focuses on finance, offering insurance products, comparison platforms, and online services. Serves as an online platform for comparing insurance options for individuals. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Founders Shekhar Palai
- SectorsFinancial Services
- Website instabima.com
- Social LinkedIn X Facebook
- Legal Name Instabima Insurance Web Aggregator Private Limited
- Date of Incorporation 22 Aug, 2016
- Jurisdiction Koramangala, Karnataka, India
- Annual Revenue₹19.4 Lakh
FY 2025 · -5% YoY
- Net Loss-₹17,764
FY 2025 · -1% margin
- EBITDA₹2.2 Lakh
FY 2025 · 11% margin
Associated legal entities of Instabima
Instabima operates through Instabima Insurance Web Aggregator Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Instabima Insurance Web Aggregator Private Limited CIN U66000KA2016PTC095896 | Active | 22 Aug 2016 | Koramangala, Karnataka | ₹0.2 Cr | 3 | View details |
Board of directors of Instabima Insurance Web Aggregator Private Limited (Instabima)
Instabima Insurance Web Aggregator Private Limited is the primary company behind Instabima. The board of Instabima Insurance Web Aggregator Private Limited currently have 3 directors; the longest-serving is Shekhar Palai, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shekhar Palai DIN 07486219 | Director | 22 Aug 2016 | 10 yrs 2 mo | Instabima Insurance Web Aggregator Private Limited |
| Rishi Brata Das DIN 02252504 | Director | 22 Aug 2016 | 10 yrs 2 mo | Instabima Insurance Web Aggregator Private Limited |
| Rajesh Rajnikant Parikh DIN 06447760 | Director | 29 Sep 2018 | 8 yrs | Instabima Insurance Web Aggregator Private Limited |
People of Instabima
1 people are tracked at Instabima (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder, CEO | Leadership |
Complete people profiles for Instabima
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Financials of Instabima
Figures of Instabima Insurance Web Aggregator Private Limited, the primary company behind Instabima, for FY 2025. Revenue was ₹19.4 Lakh (-5% year on year). Net loss was -₹17,764 (-1% margin). EBITDA was ₹2.2 Lakh (11% margin). Revenue has grown at a compounded annual rate of -17% over three years and +21% over five years.
- ₹19.4 LakhRevenue · FY 2025 · -5% YoY
- -₹17,764Net loss · -1% margin
- ₹2.2 LakhEBITDA · 11% margin
- ₹37 LakhPaid-up capital
- -17%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Instabima Insurance Web Aggregator Private Limited are on its company page.
Detailed financial statements for Instabima
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Similar companies to Instabima
Instabima has 3 listed similar companies in our database, 2 of them funded. They include Policybazaar, InsuranceDekho and PB Fintech.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| policybazaar.com | 2008 | Gurugram, India | 24,206 | Insurance plans are compared and purchased via an online marketplace. | ||
| insurancedekho.com | 2016 | Gurugram, India | $394.5M | 2,077 | Online insurance policies are compared and purchased through the platform. | |
| pbfintech.in | 2008 | Gurugram, India | $443.26M | 286 | Online platform for insurance and lending products is operated. |
Detailed similar companies of Instabima
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- Full competitor set
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Web traffic of Instabima
The website of Instabima (instabima.com) receives about 2.9K visits a month.
- Monthly visits2.9K
▲ 37.4% vs previous month
Top companies in Insurance Providers
3 companies that operate in the same segment as Instabima (Insurance Providers) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | USD 502.59 M | 31,422 |
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Frequently Asked Questions about Instabima
Instabima was founded in 2017.
Instabima is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shekhar Palai is the CEO of Instabima, as recorded in our data. They have also founded this company.
The primary company behind Instabima, Instabima Insurance Web Aggregator Private Limited, reported revenue of ₹19.4 Lakh for FY 2025, down 5% year on year.
Instabima, based in Bengaluru, focuses on finance, offering insurance products, comparison platforms, and online services. Serves as an online platform for comparing insurance options for individuals. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Instabima's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
Instabima operates through Instabima Insurance Web Aggregator Private Limited.
The legal entities of Instabima currently have 3 directors, including Rajesh Rajnikant Parikh, Shekhar Palai, Rishi Brata Das.