About OnSurity
OnSurity is a company based in Bengaluru (India) founded in 2020 by Yogesh Agarwal and Kulin Shah.. OnSurity has raised $87.93 million across 6 funding rounds from investors including Angel List, International Finance Corporation and Wellfound. The company has 297 employees as of April 05, 2024. OnSurity offers products and services including Onsurity Super App, Group Health Insurance, Health Checkups, Good Doctors, and Group Term Life Insurance. OnSurity operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Konfío, among others.
- Headquarter Bengaluru, India
- Employees 297 as on 05 Apr, 2024
- Founders Yogesh Agarwal, Kulin Shah
- Stage Minicorn
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Sectors
Financial ServicesTechnology Healthcare
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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 Onsurity Technologies Private Limited
- Date of Incorporation 05 Feb, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$9.1 M (USD)354.08as on Mar 31, 2023
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Net Profit
$-7.07 M (USD)-171.88as on Mar 31, 2023
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EBITDA
$-7.2 M (USD)-167.51as on Mar 31, 2023
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Total Equity Funding
$87.93 M (USD)
in 6 rounds
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Latest Funding Round
$45 M (USD), Series B
Sep 17, 2024
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Investors
Angel List
& 65 more
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Employee Count
297
as on Apr 05, 2024
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Products & Services of OnSurity
OnSurity offers a comprehensive portfolio of products and services, including Onsurity Super App, Group Health Insurance, Health Checkups, Good Doctors, and Group Term Life Insurance. 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.
App for managing employee healthcare benefits and consultations
Offers coverage for employee health needs and hospitalisations
Provides discounted medical check-ups for employees
Facilitates doctor consultations and support during hospital stays
Delivers life insurance benefits for employees and families
Funding Insights of OnSurity
OnSurity has successfully raised a total of $87.93M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in September 2024. 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 6
- Last Round Series B — $45.0M
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First Round
First Round
(20 Mar 2020)
- Investors Count 66
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - OnSurity | Valuation | Creaegis | |
| Jul, 2023 | Amount | Series B - OnSurity | Valuation | IFC | |
| Jun, 2022 | Amount | Angel Round - OnSurity | Valuation | Anil Kumble , Brijesh Agrawal |
| 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 OnSurity
OnSurity has secured backing from 66 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, International Finance Corporation and Wellfound. 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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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Fintech investments focused on financial inclusion and global economic growth.
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Founded Year | Domain | Location | |
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Financial schemes and rights management under Creaegis.
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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 OnSurity
| 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 - OnSurity
| 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 |
Onsurity Comparisons
Competitors of OnSurity
OnSurity 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 Hinge Health, Practo, Accolade, Sharecare and Konfío, 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 |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Cloud-based employee benefits administration solutions are delivered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Onsurity
Frequently Asked Questions about OnSurity
When was OnSurity founded?
OnSurity was founded in 2020.
Where is OnSurity located?
OnSurity is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of OnSurity?
Yogesh Agarwal is the current CEO of OnSurity. They have also founded this company.
Is OnSurity a funded company?
OnSurity is a funded company, having raised a total of $87.93M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $118.18K, raised on Mar 20, 2020.
How many employees does OnSurity have?
As of Apr 05, 2024, the latest employee count at OnSurity is 297.
What is the annual revenue of OnSurity?
Annual revenue of OnSurity is $9.1M as on Mar 31, 2023.
What does OnSurity do?
OnSurity was founded in 2020 in Bengaluru, India, within the healthcare and wellness sector. Membership plans are offered to employees, encompassing group health insurance, term life insurance, personal accident coverage, and maternity benefits. Discounts on medicines, health check-ups, and wellness services such as fitness rewards, nutrition plans, teleconsultations, doorstep delivery, and mental and dental health support are included. Operations focus on corporate employee benefits.
Who are the top competitors of OnSurity?
OnSurity's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does OnSurity offer?
OnSurity offers Onsurity Super App, Group Health Insurance, Health Checkups, Good Doctors, and Group Term Life Insurance.
Who are OnSurity's investors?
OnSurity has 66 investors. Key investors include Angel List, International Finance Corporation, Wellfound, Nexus Venture Partners, and Quona.
What is OnSurity's valuation?
The valuation of OnSurity is $75.64M as of Jul 2023.