About InsurePays
InsurePays is a company based in Hyderabad (India) founded in 2019 by Santosh Sarvade, Neha Jain, and Keerthi Kumar Jain. InsurePays has raised $1 million across 2 funding rounds from investors including Brand Capital, Monish Vyas and Nitin Jain. InsurePays operates in a competitive market with competitors including McXtra, CAMS Insurance Repository Services, Mudrasure, CDSL Insurance Repository Limited and iChain, among others.
- Headquarter Hyderabad, India
- Founders Santosh Sarvade, Neha Jain, Keerthi Kumar Jain
- 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
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- Legal Name Prajna Insuretech Private Limited
- Date of Incorporation 30 Dec, 2019
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$37.77 K (USD)-68.08as on Mar 31, 2022
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Net Profit
-$166.65 K (USD)78.87as on Mar 31, 2022
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EBITDA
-$95.11 K (USD)86.65as on Mar 31, 2022
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Total Equity Funding
$1 M (USD)
in 2 rounds
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Latest Funding Round
$68.5 K (USD), Seed
Nov 30, 2020
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Investors
Brand Capital
& 17 more
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Employee Count
Not available
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Funding Insights of InsurePays
InsurePays has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $68.5 thousand completed in November 2020. 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.
Investors in InsurePays
InsurePays has secured backing from 18 investors, including venture fund and angel investors. Prominent investors backing the company include Brand Capital, Monish Vyas and Nitin Jain.
| Investor | Description | Founded Year | Domain | Location |
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Investments in early-stage startups are made by Brand Capital.
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MV
Monish Vyas |
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NJ
Nitin Jain |
Co-founder of OfBusiness, active angel investor in Indian startups
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Investor details for InsurePays
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Investments & Acquisitions by InsurePays
Investment portfolio details for InsurePays
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Financial Statements - InsurePays
Detailed financials for InsurePays
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Insurepays Comparisons
Peer comparison for InsurePays
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Competitors of InsurePays
InsurePays 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 McXtra, CAMS Insurance Repository Services, Mudrasure, CDSL Insurance Repository Limited and iChain, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance-agnostic policy management app
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eInsurance Accounts are opened for holding policies in electronic form.
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Insurance premium financing is facilitated via an app-based platform.
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Operates a web-based repository for efficient insurance management.
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Policy management app
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Detailed competitors of InsurePays
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Latest news on Insurepays
Complete news archive for InsurePays
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Frequently Asked Questions about InsurePays
InsurePays was founded in 2019 and raised its 1st funding round 1 year after it was founded.
InsurePays is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Keerthi Kumar Jain is the current CEO of InsurePays. They have also founded this company.
InsurePays is a funded company, having raised a total of $1M across 2 funding rounds to date.
Annual revenue of InsurePays is $37.77K as on Mar 31, 2022.
InsurePays was established in 2019 in Hyderabad, India, as a fintech platform focused on insurance payments. Premiums are handled and monitored by policyholders via an app available on Android and iOS devices. Policy analysis tools are provided, along with data security measures, to support user needs in the insurance sector. Operations center on simplifying premium management for individuals.
InsurePays's top competitors include CAMS Insurance Repository Services, McXtra and Mudrasure.
InsurePays has 18 investors. Key investors include Brand Capital, Monish Vyas, Nitin Jain, Kumuda Krovvidi, and Parul Arya.
The valuation of InsurePays is $19.74M as of Nov 2020.