About Last Decimal
Last Decimal is a Financial Services company based in Pune (India) founded in 2012, and was acquired by Turtlefin in February 2023. Embedded insurance solutions are provided to companies for integration. The company has 1 employees. Its Indian entity Last Decimal Private Limited reported revenue of ₹1.47 Cr. The company was acqui-hired. Last Decimal offers products and services including BancaEdge, InsurEdge, and BrokerEdge. Its focus areas include FinTech, Insurance IT, Insurance as a Service and InsurTech. Its competitors include Zopper, Bharatsure and Symbo; 3 of its 3 listed competitors have raised funding.
Company details
Last Decimal was founded in 2012 in Pune, India, within the insurtech sector. Embedded insurance solutions are delivered to companies, enabling integration into banking platforms along with management of distribution, reporting, and compliance processes. Additional solutions are offered to brokers for digital expansion of their insurance operations. AI technology is employed to facilitate real-time reporting capabilities.
- Headquarters Pune, India
- Employees 1
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website lastdecimal.com
- Social LinkedIn
- Acquired by Turtlefin (Feb 2023)
- Legal Name Last Decimal Private Limited
- Date of Incorporation 17 Apr, 2012
- Jurisdiction Pune, Maharashtra, India
Associated legal entities of Last Decimal
Last Decimal operates through Last Decimal 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 |
|---|---|---|---|---|---|---|---|
| Last Decimal Private Limited CIN U74900PN2012PTC142994 | Active | 17 Apr 2012 | Pune, Maharashtra | ₹1.5 Cr | 1 | 2 | View details |
Products & Services of Last Decimal
Last Decimal offers a comprehensive portfolio of products and services, including BancaEdge, InsurEdge, and BrokerEdge.
Platform for bundling insurance with banking products.
System for connecting partners and managing insurance sales.
Cloud tool for automating and offering tailored insurance services.
Investors in Last Decimal
Last Decimal has secured backing from 1 investor. Prominent investors backing the company include Turtlefin.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers technology tools for insurance sales, distribution, and certification platforms. | 2015 | turtlefin.com | Thane, India |
Investor details for Last Decimal
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Board of directors of Last Decimal Private Limited (Last Decimal)
Last Decimal Private Limited is the primary company behind Last Decimal. The board of Last Decimal Private Limited currently have 2 directors; the longest-serving is Narayanan Arakonimadom Suryanarayanan, appointed in 2021. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Narayanan Arakonimadom Suryanarayanan DIN 02078600 | Director | 26 Dec 2021 | 4 yrs 10 mo | Last Decimal Private Limited |
| Rakesh Bhatia DIN 06547321 | Director | 26 Dec 2021 | 4 yrs 10 mo | Last Decimal Private Limited |
Financials of Last Decimal
Figures of Last Decimal Private Limited, the primary company behind Last Decimal, for FY 2024. Revenue was ₹1.47 Cr (-84% year on year). Net profit was ₹58.3 Lakh (40% margin). EBITDA was ₹70.2 Lakh (48% margin). Revenue has grown at a compounded annual rate of +31% over three years and +12% over five years.
- ₹1.47 CrRevenue · FY 2024 · -84% YoY
- ₹58.3 LakhNet profit · 40% margin
- ₹70.2 LakhEBITDA · 48% margin
- ₹1 LakhPaid-up capital
- 1Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Last Decimal Private Limited are on its company page.
Detailed financial statements for Last Decimal
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Timeline of Last Decimal
2 dated milestones of Last Decimal across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Last Decimal is founded.
- Exit Acquired by Turtlefin.
Competitors of Last Decimal
Last Decimal has 3 listed competitors in our database, 3 of them funded. They include Zopper, Bharatsure and Symbo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zopper.com | 2011 | Noida, India | $120.6M | 567 | API-enabled insurance distribution platform is provided for B2C companies. | |
| bharatsure.com | 2021 | Mumbai, India | $3.25M | 23 | Technology and infrastructure for insurance sales are provided. | |
| symbo.co | 2017 | Mumbai, India | $9.4M | 47 | Insurance products are provided across industries and business types. |
Detailed competitors of Last Decimal
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Top companies in Insurance Technology & Support Services
2 companies that operate in the same segment as Last Decimal (Insurance Technology & Support Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M |
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Related news about Last Decimal
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Frequently Asked Questions about Last Decimal
Last Decimal was founded in 2012.
Last Decimal is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Last Decimal has 1 employees.
The primary company behind Last Decimal, Last Decimal Private Limited, reported revenue of ₹1.47 Cr for FY 2024, down 84% year on year.
Last Decimal was founded in 2012 in Pune, India, within the insurtech sector. Embedded insurance solutions are delivered to companies, enabling integration into banking platforms along with management of distribution, reporting, and compliance processes. Additional solutions are offered to brokers for digital expansion of their insurance operations. AI technology is employed to facilitate real-time reporting capabilities.
Last Decimal's top competitors include Zopper, Bharatsure and Symbo.
Last Decimal offers BancaEdge, InsurEdge, and BrokerEdge.
Last Decimal has 1 investor. Key investors include Turtlefin.
Last Decimal operates through Last Decimal Private Limited.
Yes. Last Decimal was acquired by Turtlefin in February 2023.
The legal entities of Last Decimal currently have 2 directors, including Narayanan Arakonimadom Suryanarayanan, Rakesh Bhatia.