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
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Inube Software Solutions Private Limited
- Date of Incorporation 16 Aug, 2010
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$3.73 M (USD)15.15as on Mar 31, 2023
-
Net Profit
$-104.14 K (USD)-444.1as on Mar 31, 2023
-
EBITDA
$435.84 K (USD)1.39as on Mar 31, 2023
-
Total Equity Funding
$545.17 K (USD)
in 1 rounds
-
Latest Funding Round
$545.17 K (USD), Angel Round
May 21, 2013
-
Investors
& 3 more
-
Employee Count
474
as on Apr 06, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
Unlock access to complete
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 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $545,172
-
First Round
First Round
(21 May 2013)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2013 | Amount | Angel Round - iNube Software Solutions | Valuation | Siddarath Ravishankar Sarnaik |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
KR
Karan Ravishankar Sarnaik |
-
|
Founded Year | Domain | Location |
|
NS
Nalini Siddarth Sarnaik |
-
|
Founded Year | Domain | Location |
|
AR
Akkamahadevi Ravishankar Sarnaik |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by iNube Software Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - iNube Software Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Inube Software Solutions Comparisons
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. 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 |
Provider of microinsurance products for individuals
|
|
| domain | founded_year | HQ Location |
Life insurance policies and retirement solutions are offered nationwide.
|
|
| domain | founded_year | HQ Location |
Online platform for insurance broking, claims management, and personalized risk analysis.
|
|
| domain | founded_year | HQ Location |
Financial services are provided by Finizon in Mumbai, India.
|
|
| domain | founded_year | HQ Location |
Provides comprehensive solutions for life, health, home, auto, travel, and marine insurance.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Inube Software Solutions
Frequently Asked Questions about iNube Software Solutions
When was iNube Software Solutions founded?
iNube Software Solutions was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is iNube Software Solutions located?
iNube Software Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of iNube Software Solutions?
Vinodkumar Iyer is the current CEO of iNube Software Solutions.
Is iNube Software Solutions a funded company?
iNube Software Solutions is a funded company, having raised a total of $545.17K across 1 funding round to date. The company's 1st funding round was a Angel Round of $545.17K, raised on May 21, 2013.
How many employees does iNube Software Solutions have?
As of Apr 06, 2024, the latest employee count at iNube Software Solutions is 474.
What is the annual revenue of iNube Software Solutions?
Annual revenue of iNube Software Solutions is $3.73M as on Mar 31, 2023.
What does iNube Software Solutions do?
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.
Who are the top competitors of iNube Software Solutions?
iNube Software Solutions's top competitors include IDBI Federal, Toffee Insurance and Finizon.
What products or services does iNube Software Solutions offer?
iNube Software Solutions offers Policy Administration System, Crop Insurance System, Health Claims System, and Motor Claims System.
Who are iNube Software Solutions's investors?
iNube Software Solutions has 4 investors. Key investors include Karan Ravishankar Sarnaik, Nalini Siddarth Sarnaik, Akkamahadevi Ravishankar Sarnaik, and Siddarath Ravishankar Sarnaik.
What is iNube Software Solutions's valuation?
The valuation of iNube Software Solutions is $1.5M as of May 2013.