About Insur Monthly
Insur Monthly is a company based in Bengaluru (India) founded in 2019 by Rahul Singh.. Insur Monthly has raised $216.56 thousand across 1 funding round from investors including AngelBay and Dhruv Goyal. The company has 1 employees as of April 07, 2024. Insur Monthly operates in a competitive market with competitors including ManipalCigna Health Insurance, Basis, AyushPay, Vital and Volo Health, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 07 Apr, 2024
- Founders Rahul Singh
- Stage Minicorn
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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
*********
- Legal Name Trufedu Budgetary Education Private Limited
- Date of Incorporation 24 Oct, 2019
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$40.88 K (USD)-49.58as on Mar 31, 2023
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Net Profit
$-66.05 K (USD)-38.89as on Mar 31, 2023
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EBITDA
$-66.56 K (USD)-40.36as on Mar 31, 2023
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Total Equity Funding
$216.56 K (USD)
in 1 rounds
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Latest Funding Round
$216.56 K (USD), Seed
Mar 17, 2022
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Investors
AngelBay
& 1 more
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Employee Count
1
as on Apr 07, 2024
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Funding Insights of Insur Monthly
Insur Monthly has successfully raised a total of $216.56K through 1 strategic funding round. The most recent funding activity was a Seed round of $216.56 thousand completed in March 2022. 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 1
- Last Round Seed — $216,559
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First Round
First Round
(17 Mar 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - Insur Monthly | Valuation | AngelBay |
| 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 Insur Monthly
Insur Monthly has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include AngelBay and Dhruv Goyal. 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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Angel network focused on multiple sectors
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Founded Year | Domain | Location | |
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DG
Dhruv Goyal |
Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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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 Insur Monthly
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Insur Monthly
| 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 |
Insur Monthly Comparisons
Competitors of Insur Monthly
Insur Monthly 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 ManipalCigna Health Insurance, Basis, AyushPay, Vital and Volo Health, 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 |
An online platform for customized health insurance policies is provided.
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| domain | founded_year | HQ Location |
Online platform offering financial services for women
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| domain | founded_year | HQ Location |
Healthcare plans with medical loans and benefits are provided.
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| domain | founded_year | HQ Location |
Usage-based health insurance is offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Simplifies access to healthcare services and payment processes.
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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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Frequently Asked Questions about Insur Monthly
When was Insur Monthly founded?
Insur Monthly was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Insur Monthly located?
Insur Monthly is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Insur Monthly a funded company?
Insur Monthly is a funded company, having raised a total of $216.56K across 1 funding round to date. The company's 1st funding round was a Seed of $216.56K, raised on Mar 17, 2022.
How many employees does Insur Monthly have?
As of Apr 07, 2024, the latest employee count at Insur Monthly is 1.
What is the annual revenue of Insur Monthly?
Annual revenue of Insur Monthly is $40.88K as on Mar 31, 2023.
What does Insur Monthly do?
Insur Monthly was founded in 2019 in Bengaluru, India, within the healthcare sector. A digital platform is operated to deliver subscription services addressing healthcare needs. Instant reimbursements for medical bills are facilitated, alongside full body check-ups and personalized health plans. Operations focus on streamlining access to these benefits for users in the region.
Who are the top competitors of Insur Monthly?
Insur Monthly's top competitors include ManipalCigna Health Insurance, AyushPay and Basis.
Who are Insur Monthly's investors?
Insur Monthly has 2 investors. Key investors include AngelBay, and Dhruv Goyal.
What is Insur Monthly's valuation?
The valuation of Insur Monthly is $4.24M as of Mar 2022.