About PolicyBoss
PolicyBoss is a company based in Mumbai (India) founded in 2012 by Sanjay Thakker.. PolicyBoss has raised $10.63 million across 2 funding rounds from investors including TPG, India SME Investments and Madhav Mirani. The company has 1,089 employees as of April 01, 2024. PolicyBoss operates in a competitive market with competitors including Policybazaar, InsuranceDekho, PB Fintech, Turtlemint and Finhaat, among others.
- Headquarter Mumbai, India
- Employees 1089 as on 01 Apr, 2024
- Founders Sanjay Thakker
- 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 Landmark Insurance Brokers Private Limited
- Date of Incorporation 22 May, 2002
- Jurisdiction Shivaji Nagar, Maharashtra, India
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Annual Revenue
$12.55 M (USD)25.57as on Mar 31, 2023
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Net Profit
$692.19 K (USD)131.39as on Mar 31, 2023
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EBITDA
$867.81 K (USD)305.07as on Mar 31, 2023
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Total Equity Funding
$10.63 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
TPG
& 9 more
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Employee Count
1089
as on Apr 01, 2024
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Funding Insights of PolicyBoss
PolicyBoss has successfully raised a total of $10.63M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(29 Dec 2015)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - PolicyBoss | Valuation | India SME Investments | |
| Dec, 2015 | Amount | Private Equity Round - PolicyBoss | Valuation | TPG |
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| 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 PolicyBoss
PolicyBoss has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include TPG, India SME Investments and Madhav Mirani. 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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Private equity fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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MM
Madhav Mirani |
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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 PolicyBoss
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - PolicyBoss
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Policyboss Comparisons
Competitors of PolicyBoss
PolicyBoss 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 Policyboss
Frequently Asked Questions about PolicyBoss
When was PolicyBoss founded?
PolicyBoss was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is PolicyBoss located?
PolicyBoss is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of PolicyBoss?
Susheel Tejuja is the current CEO of PolicyBoss.
Is PolicyBoss a funded company?
PolicyBoss is a funded company, having raised a total of $10.63M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $10.63M, raised on Dec 29, 2015.
How many employees does PolicyBoss have?
As of Apr 01, 2024, the latest employee count at PolicyBoss is 1,089.
What is the annual revenue of PolicyBoss?
Annual revenue of PolicyBoss is $12.55M as on Mar 31, 2023.
What does PolicyBoss do?
Policy boss is an online platform for users to compare and buy various insurance policies. Also offers other services such as brokerage and claim settlement assistance. Caters to 75k customers and has partnered with 35 insurance service providers as of July, 2015. Product of Landmark Insurance .
Who are the top competitors of PolicyBoss?
PolicyBoss's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
Who are PolicyBoss's investors?
PolicyBoss has 10 investors. Key investors include TPG, India SME Investments, Madhav Mirani, Jitendra Gupta, and Sanjay Thakker.
What is PolicyBoss's valuation?
The valuation of PolicyBoss is $40.78M as of Dec 2015.