About iNube Software Solutions
iNube Software Solutions is a company based in Bengaluru (India) founded in 2010 by Ravichandran Mahalingam, Ramprasad Sanjeevi, and Vikram Nagarajan. iNube Software Solutions has raised $545.17 thousand across 1 funding round from investors including Karan Ravishankar Sarnaik, Nalini Siddarth Sarnaik and Akkamahadevi Ravishankar Sarnaik. The company has 474 employees as of April 06, 2024. iNube Software Solutions offers products and services including Policy Administration System, Crop Insurance System, Health Claims System, and Motor Claims System. iNube Software Solutions operates in a competitive market with competitors including Toffee Insurance, IDBI Federal, Trovity, Finizon and Kumar Investment Solutions, among others.
- Headquarter Bengaluru, India
- Employees 474 as on 06 Apr, 2024
- Founders Ravichandran Mahalingam, Ramprasad Sanjeevi, Vikram Nagarajan
- 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 Inube Software Solutions Private Limited
- Date of Incorporation 16 Aug, 2010
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$3.73 M (USD)15.15as on Mar 31, 2023
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Net Profit
-$104.14 K (USD)-444.1as on Mar 31, 2023
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EBITDA
$435.84 K (USD)1.39as on Mar 31, 2023
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Total Equity Funding
$545.17 K (USD)
in 1 rounds
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Latest Funding Round
$545.17 K (USD), Angel Round
May 21, 2013
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Investors
& 3 more
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Employee Count
474
as on Apr 06, 2024
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Products & Services of iNube Software Solutions
iNube Software Solutions offers a comprehensive portfolio of products and services, including Policy Administration System, Crop Insurance System, Health Claims System, and Motor Claims System.
Modular platform for modernizing insurance policy administration processes.
Centralized system to digitize and unify crop insurance data management.
Platform to enhance health claims processing and prevent fraudulent activities.
Streamlines end-to-end motor insurance claims on a unified platform.
People of iNube Software Solutions
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Funding Insights of iNube Software Solutions
iNube Software Solutions has successfully raised a total of $545.17K through 1 strategic funding round. The most recent funding activity was a Angel Round of $545.17 thousand completed in May 2013. 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 iNube Software Solutions
iNube Software Solutions has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Karan Ravishankar Sarnaik, Nalini Siddarth Sarnaik and Akkamahadevi Ravishankar Sarnaik.
| Investor | Description | Founded Year | Domain | Location |
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Karan Ravishankar Sarnaik |
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Nalini Siddarth Sarnaik |
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AR
Akkamahadevi Ravishankar Sarnaik |
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Locked | Locked | Locked |
Investor details for iNube Software Solutions
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Investments & Acquisitions by iNube Software Solutions
Investment portfolio details for iNube Software Solutions
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Financial Statements - iNube Software Solutions
Detailed financials for iNube Software Solutions
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Inube Software Solutions Comparisons
Peer comparison for iNube Software Solutions
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Competitors of iNube Software Solutions
iNube Software Solutions 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 Toffee Insurance, IDBI Federal, Trovity, Finizon and Kumar Investment Solutions, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of microinsurance products for individuals
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Life insurance policies and retirement solutions are offered nationwide.
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Online platform for insurance broking, claims management, and personalized risk analysis.
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Financial services are provided by Finizon in Mumbai, India.
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Provides comprehensive solutions for life, health, home, auto, travel, and marine insurance.
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Detailed competitors of iNube Software Solutions
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Latest news on Inube Software Solutions
Complete news archive for iNube Software Solutions
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Frequently Asked Questions about iNube Software Solutions
iNube Software Solutions was founded in 2010 and raised its 1st funding round 3 years after it was founded.
iNube Software Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vinodkumar Iyer is the current CEO of iNube Software Solutions.
iNube Software Solutions is a funded company, having raised a total of $545.17K across 1 funding round to date.
As of Apr 06, 2024, the latest employee count at iNube Software Solutions is 474.
Annual revenue of iNube Software Solutions is $3.73M as on Mar 31, 2023.
iNube Software Solutions was founded in 2010 and is headquartered in Bengaluru, India. Software platforms are offered for sectors including health insurance claims management via Claimslive, insurance sales via Sell Well, agricultural insurance, and mobile app development through the Evidens platform. The EVIDENS RMAD Platform enables creation and management of enterprise mobile applications without coding requirements. Operations focus on delivering these solutions across various verticals.
iNube Software Solutions's top competitors include IDBI Federal, Toffee Insurance and Finizon.
iNube Software Solutions offers Policy Administration System, Crop Insurance System, Health Claims System, and Motor Claims System.
iNube Software Solutions has 4 investors. Key investors include Karan Ravishankar Sarnaik, Nalini Siddarth Sarnaik, Akkamahadevi Ravishankar Sarnaik, and Siddarath Ravishankar Sarnaik.
The valuation of iNube Software Solutions is $1.5M as of May 2013.