About Koverup
Koverup was a Financial Services company based in Pune (India) founded in 2011. It operates a digital hub for comparing and selecting insurance options. It operates on a B2C model. Its Indian entity Koverup Digital Private Limited reported revenue of ₹34.4 Lakh. The company is recorded as dissolved. Its focus areas include Insurance, Comparison Platforms and Online Insurance. Its competitors include QuickInsure, Easypolicy and Insuremile; 3 of its 3 listed competitors have raised funding.
Company details
Koverup operates a digital hub for comparing and selecting insurance options through offering financial products and advice, offering insurance products, comparison platforms, and online insurance. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Pune, India
- SectorsFinancial Services
- Website koverup.com
- Social X
- Legal Name Koverup Digital Private Limited
- Date of Incorporation 19 May, 2017
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹34.4 Lakh
FY 2024 · +35% YoY
- Net Profit₹4.9 Lakh
FY 2024 · 14% margin
- EBITDA₹8.2 Lakh
FY 2024 · 24% margin
Associated legal entities of Koverup
Koverup operates through Koverup Digital Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Koverup Digital Private Limited CIN U74999PN2017PTC170523 | Active | 19 May 2017 | Pune, Maharashtra | ₹0.3 Cr | 2 | View details |
Board of directors of Koverup Digital Private Limited (Koverup)
Koverup Digital Private Limited is the primary company behind Koverup. The board of Koverup Digital Private Limited currently have 2 directors; the longest-serving is Tejas Surendra Deole, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tejas Surendra Deole DIN 07713586 | Director | 19 May 2017 | 9 yrs 5 mo | Koverup Digital Private Limited |
| Sunanda Surendra Deole DIN 09254771 | Director | 02 Aug 2021 | 5 yrs 2 mo | Koverup Digital Private Limited |
Financials of Koverup
Figures of Koverup Digital Private Limited, the primary company behind Koverup, for FY 2024. Revenue was ₹34.4 Lakh (+35% year on year). Net profit was ₹4.9 Lakh (14% margin). EBITDA was ₹8.2 Lakh (24% margin). Revenue has grown at a compounded annual rate of +63% over three years and +36% over five years.
- ₹34.4 LakhRevenue · FY 2024 · +35% YoY
- ₹4.9 LakhNet profit · 14% margin
- ₹8.2 LakhEBITDA · 24% margin
- ₹1 LakhPaid-up capital
- +63%Revenue CAGR, 3 years
- +36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Koverup Digital Private Limited are on its company page.
Detailed financial statements for Koverup
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- Statement rows
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Competitors of Koverup
Koverup has 3 listed competitors in our database, 3 of them funded. They include QuickInsure, Easypolicy and Insuremile.
| 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. | |
| insuremile.in | 2016 | Bengaluru, India | $350,000 | App-based comparison platform for auto insurance |
Detailed competitors of Koverup
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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Top companies in Insurance Providers
3 companies that operate in the same segment as Koverup (Insurance Providers) 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 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | USD 502.59 M | 31,422 |
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Frequently Asked Questions about Koverup
Koverup was founded in 2011.
Koverup is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind Koverup, Koverup Digital Private Limited, reported revenue of ₹34.4 Lakh for FY 2024, up 35% year on year.
Koverup operates a digital hub for comparing and selecting insurance options through offering financial products and advice, offering insurance products, comparison platforms, and online insurance. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Koverup's top competitors include QuickInsure, Easypolicy and Insuremile.
Koverup operates through Koverup Digital Private Limited.
The legal entities of Koverup currently have 2 directors, including Sunanda Surendra Deole, Tejas Surendra Deole.