About MyInsuranceClub.com
MyInsuranceClub.com is a company based in Mumbai (India) founded in 2009 by Mahesh kumar Nair was acquired by Religare in April 2023.. MyInsuranceClub.com has raised $471.73 thousand across 3 funding rounds from investors including Religare, Deepak Srivastava and Subash Randeva. MyInsuranceClub.com offers products and services including Insurance Comparison Tool, Claim Assistance Service, and Advisory Platform. MyInsuranceClub.com operates in a competitive market with competitors including Policybazaar, InsuranceDekho, PB Fintech, Turtlemint and Finhaat, among others.
- Headquarter Mumbai, India
- Founders Mahesh kumar Nair
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mic Insurance Web Aggregator Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$23.89 K (USD)19.43as on Mar 31, 2023
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Net Profit
$-175.53 K (USD)10.13as on Mar 31, 2023
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EBITDA
$-165.5 K (USD)15.73as on Mar 31, 2023
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Total Equity Funding
$471.73 K (USD)
in 3 rounds
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Latest Funding Round
$194.87 K (USD), Angel Round
Jan 23, 2015
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Investors
Religare
& 8 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of MyInsuranceClub.com
MyInsuranceClub.com offers a comprehensive portfolio of products and services, including Insurance Comparison Tool, Claim Assistance Service, and Advisory Platform. 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.
Tool for comparing premiums and features of insurance plans.
Service to guide users through insurance claim processes.
Platform offering certified advice on insurance policies.
Funding Insights of MyInsuranceClub.com
MyInsuranceClub.com has successfully raised a total of $471.73K across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $194.87 thousand completed in January 2015. 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 3
- Last Round Angel Round — $194,867
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First Round
First Round
(17 Dec 2010)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Angel Round - MyInsuranceClub.com | Valuation | Deepak Srivastava , Subash Randeva |
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| Dec, 2012 | Amount | Angel Round - MyInsuranceClub.com | Valuation | Samipendra Chaudhury , Asif Khan | |
| Dec, 2010 | Amount | Angel Round - MyInsuranceClub.com | Valuation | Rajesh Yohannan , Rajarshi Mitra |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MyInsuranceClub.com
MyInsuranceClub.com has secured backing from 9 investors, including angel and institutional investors. Prominent investors backing the company include Religare, Deepak Srivastava and Subash Randeva. 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 |
|---|---|---|---|---|
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Online trading platform for stocks, commodities, and investments is provided.
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Founded Year | Domain | Location | |
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General interest news on diverse topics is provided to consumers.
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Founded Year | Domain | Location | |
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DS
Deepak Srivastava |
Angel investor, tech enthusiast, ex-Amazon leader, supporting Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MyInsuranceClub.com
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MyInsuranceClub.com
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Myinsuranceclub.Com Comparisons
Competitors of MyInsuranceClub.com
MyInsuranceClub.com 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 Policybazaar, InsuranceDekho, PB Fintech, Turtlemint and Finhaat, 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 |
Insurance plans are compared and purchased via an online marketplace.
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| domain | founded_year | HQ Location |
Online insurance policies are compared and purchased through the platform.
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| domain | founded_year | HQ Location |
Online platform for insurance and lending products is operated.
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| domain | founded_year | HQ Location |
Provider of platform for comparing and purchasing insurance, loans, and funds
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| domain | founded_year | HQ Location |
A B2B platform is provided for distributing financial products.
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| domain | founded_year | HQ Location |
Online platform for comparing and buying insurance policies is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Myinsuranceclub.Com
Frequently Asked Questions about MyInsuranceClub.com
When was MyInsuranceClub.com founded?
MyInsuranceClub.com was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is MyInsuranceClub.com located?
MyInsuranceClub.com is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is MyInsuranceClub.com a funded company?
MyInsuranceClub.com is a funded company, having raised a total of $471.73K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $129.92K, raised on Dec 17, 2010.
What is the annual revenue of MyInsuranceClub.com?
Annual revenue of MyInsuranceClub.com is $23.89K as on Mar 31, 2023.
What does MyInsuranceClub.com do?
MyInsuranceClub.com is an online insurance aggregator and comparison portal provided by iGear Financial Services. The company has tied up with major insurance players in India to provide a vast selection of insurance policies for the users to choose from. Users can post their insurance requirements to get instant quotes. Through an unbiased and independent search capability, the site directs visitors to the insurer that best meets their individual requirements. Users can also choose to send their insurance applications through the online platform.
Who are the top competitors of MyInsuranceClub.com?
MyInsuranceClub.com's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
What products or services does MyInsuranceClub.com offer?
MyInsuranceClub.com offers Insurance Comparison Tool, Claim Assistance Service, and Advisory Platform.
Who are MyInsuranceClub.com's investors?
MyInsuranceClub.com has 9 investors. Key investors include Religare, Deepak Srivastava, Subash Randeva, Rajesh Yohannan, and Rajarshi Mitra.
What is MyInsuranceClub.com's valuation?
The valuation of MyInsuranceClub.com is $1.85M as of Jan 2015.
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