About Insuremile
Insuremile is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2016. App-based comparison platform for auto insurance. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Insuremile has raised $350 thousand across 1 funding round from investors including Seeders, Abhishek Rungta and Parthiv Vikram Neotia. Its website insuremile.in draws about 11 thousand monthly visits. Its Indian entity Insuremile Insurance Web Aggregator Private Limited reported revenue of ₹33 Lakh. Insuremile offers products and services including Health Insurance, Life Insurance, Vehicle Insurance, Home Insurance, and Travel Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and P&C. Its competitors include QuickInsure, Easypolicy and Aapkabima; 2 of its 3 listed competitors have raised funding.
Company details
Insuremile was founded in 2016 in Bengaluru, India, as an app-based platform in the auto insurance sector. Quotes from various insurers are compared by users, who can then purchase suitable policies. Online claims are filed via the app, and location-based searches for hospitals, roadside assistance, and police stations are supported. The application is available for both Android and iOS devices.
- Headquarters Bengaluru, India
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Website insuremile.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Insuremile Insurance Web Aggregator Private Limited
- Date of Incorporation 13 Feb, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹33 Lakh
FY 2023 · +71% YoY
- Net Loss-₹27.8 Lakh
FY 2023 · -84% margin
- EBITDA-₹27 Lakh
FY 2023 · -82% margin
- Total Equity Funding$350K (USD)
in 1 rounds
- Latest Funding Round$350K (USD), Seed
Oct 2021
- InvestorsSeeders
& 4 more
Associated legal entities of Insuremile
Insuremile operates through Insuremile 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 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Insuremile Insurance Web Aggregator Private Limited CIN U72900KA2018PTC110119 | Active | 13 Feb 2018 | Bangalore, Karnataka | ₹0.3 Cr | 3 | View details |
Products & Services of Insuremile
Insuremile offers a comprehensive portfolio of products and services, including Health Insurance, Life Insurance, Vehicle Insurance, Home Insurance, and Travel Insurance.
Covers medical treatments for illnesses and accidents with inpatient benefits.
Provides financial security for families in case of death or endowment plans.
Protects cars and bikes against damages and third-party liabilities.
Safeguards homes from fire, theft, and natural disasters with content coverage.
Offers protection for trip cancellations, medical emergencies, and lost luggage.
Apps and channels of Insuremile
its YouTube channel Insure Mile has 2.44K subscribers and 30 videos.
Videos from Insuremile
The most watched videos on Insuremile's YouTube channel, Insure Mile (2.44K subscribers). Click a video to play it here.
More on Insure Mile.
Funding Insights of Insuremile
Insuremile has successfully raised a total of $350K through 1 strategic funding round. The most recent funding activity was a Seed round of $350 thousand completed in October 2021. 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 $350,000
- Total Rounds 1
- Last Round Seed — $350,000
- First Round $350,000
(Oct 2021)
- Investors Count 5
All 1 funding rounds of Insuremile with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $350,000 | Seed | – | Seeders, Parthiv Vikram Neotia |
5 investors in total: 2 institutional and 3 angel.
Investors in Insuremile
Insuremile has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Seeders, Abhishek Rungta and Parthiv Vikram Neotia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
India focused VC firm | seeders.in | Kolkata, India | ||
Web, blockchain development, digital marketing, and analytics services are provided. | indusnet.co.in | Kolkata, India | ||
AR Abhishek Rungta | Founder of Indus Net Technologies, active angel investor in Indian startups | unknown_00626ac78ed3455f9 | ||
PV Parthiv Vikram Neotia | unknown_92329c9ba9884a799 | |||
PV Parthiv Vikram Neotia | unknown_b23a154df2c040548 |
Investor details for Insuremile
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Insuremile Insurance Web Aggregator Private Limited (Insuremile)
Insuremile Insurance Web Aggregator Private Limited is the primary company behind Insuremile. The board of Insuremile Insurance Web Aggregator Private Limited currently have 3 directors; the longest-serving is Mallesh Reddy, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mallesh Reddy DIN 01985789 | Director | 13 Feb 2018 | 8 yrs 8 mo | Insuremile Insurance Web Aggregator Private Limited |
| Vijay Krishnamurthy DIN 08036021 | Nominee Director | 25 Oct 2018 | 7 yrs 11 mo | Insuremile Insurance Web Aggregator Private Limited |
| Madhu Sathyendra Appaji DIN 08265705 | Director | 01 Sep 2022 | 4 yrs 1 mo | Insuremile Insurance Web Aggregator Private Limited |
People of Insuremile
1 people are tracked at Insuremile (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Leadership |
Complete people profiles for Insuremile
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Insuremile
Figures of Insuremile Insurance Web Aggregator Private Limited, the primary company behind Insuremile, for FY 2023. Revenue was ₹33 Lakh (+71% year on year). Net loss was -₹27.8 Lakh (-84% margin). EBITDA was -₹27 Lakh (-82% margin). Revenue has grown at a compounded annual rate of +180% over three years.
- ₹33 LakhRevenue · FY 2023 · +71% YoY
- -₹27.8 LakhNet loss · -84% margin
- -₹27 LakhEBITDA · -82% margin
- ₹55.1 LakhPaid-up capital
- +180%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Insuremile Insurance Web Aggregator Private Limited are on its company page.
Detailed financial statements for Insuremile
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Insuremile
2 dated milestones of Insuremile across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Insuremile is founded.
- Funding First funding round of $350K.
Competitors of Insuremile
Insuremile has 3 listed competitors in our database, 2 of them funded. They include QuickInsure, Easypolicy and Aapkabima.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quickinsure.co.in | 2016 | Pune, India | $6.38M | 231 | Online platform for comparing and buying insurance policies is operated. | |
| easypolicy.com | 2011 | Noida, India | $13.09M | 2 | Online quotes for life and non-life insurance are compared. | |
| aapkabima.com | 2019 | Jaipur, India | Online comparison of auto insurance policies is facilitated by Aapkabima. |
Detailed competitors of Insuremile
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of Insuremile
The website of Insuremile (insuremile.in) receives about 10.6K visits a month.
- Monthly visits10.6K
▼ 8.9% vs previous month
Websites whose visitors overlap most with Insuremile. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
linger.in | linger.in | 100% | #5,198,235 | – | |
atrpollachi.in | atrpollachi.in | 100% | #1,006,164 | – | |
travelnama.in | travelnama.in | 95% | #2,724,558 | – | |
financepost.in | financepost.in | 92% | – | ||
xotik.in | xotik.in | 91% | #8,117,281 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 39 similar websites and full traffic analytics for Insuremile
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- 39 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as Insuremile (Automotive Retail & Aftersales) 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 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Insuremile
Complete news archive for Insuremile
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Frequently Asked Questions about Insuremile
Insuremile was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Insuremile is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Insuremile is a funded company, having raised a total of $350K across 1 funding round to date. The company's 1st funding round was a Seed of $350K, raised on Oct 2021.
The primary company behind Insuremile, Insuremile Insurance Web Aggregator Private Limited, reported revenue of ₹33 Lakh for FY 2023, up 71% year on year.
Insuremile was founded in 2016 in Bengaluru, India, as an app-based platform in the auto insurance sector. Quotes from various insurers are compared by users, who can then purchase suitable policies. Online claims are filed via the app, and location-based searches for hospitals, roadside assistance, and police stations are supported. The application is available for both Android and iOS devices.
Insuremile's top competitors include QuickInsure, Easypolicy and Aapkabima.
Insuremile offers Health Insurance, Life Insurance, Vehicle Insurance, Home Insurance, and Travel Insurance.
Insuremile operates through Insuremile Insurance Web Aggregator Private Limited.
The legal entities of Insuremile currently have 3 directors, including Mallesh Reddy, Vijay Krishnamurthy, Madhu Sathyendra Appaji.