About Probus Insurance
Probus Insurance is a company based in Mumbai (India) founded in 2002 by Rakesh Goyal.. Probus Insurance has raised $6.7 million across 1 funding round from investors including BlueOrchard and InsuResilience Investment Fund. The company has 183 employees as of April 06, 2024. Probus Insurance operates in a competitive market with competitors including Policybazaar, InsuranceDekho, PB Fintech, Turtlemint and Finhaat, among others.
- Headquarter Mumbai, India
- Employees 183 as on 06 Apr, 2024
- Founders Rakesh Goyal
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Probus Insurance Broker Private Limited
- Date of Incorporation 22 Nov, 2002
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$8.74 M (USD)83.74as on Mar 31, 2023
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Net Profit
$41.2 K (USD)112.78as on Mar 31, 2023
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EBITDA
$20.74 K (USD)106.65as on Mar 31, 2023
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Total Equity Funding
$6.7 M (USD)
in 1 rounds
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Latest Funding Round
$6.7 M (USD), Series A
Dec 07, 2021
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Investors
BlueOrchard
& 1 more
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Employee Count
183
as on Apr 06, 2024
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Funding Insights of Probus Insurance
Probus Insurance has successfully raised a total of $6.7M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.7 million completed in December 2021. 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 1
- Last Round Series A — $6.7M
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First Round
First Round
(07 Dec 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - Probus Insurance | Valuation | BlueOrchard , InsuResilience Investment Fund |
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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 Probus Insurance
Probus Insurance has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include BlueOrchard and InsuResilience Investment Fund. 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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Debt and equity investments are managed by this private fund.
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Founded Year | Domain | Location | |
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Climate insurance investment funds are provided for developing countries.
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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 Probus Insurance
| 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 - Probus Insurance
| 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 |
Probus Insurance Comparisons
Competitors of Probus Insurance
Probus Insurance 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 Probus Insurance
Frequently Asked Questions about Probus Insurance
When was Probus Insurance founded?
Probus Insurance was founded in 2002 and raised its 1st funding round 19 years after it was founded.
Where is Probus Insurance located?
Probus Insurance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Probus Insurance?
Trupti Balasubramaniam is the current CEO of Probus Insurance.
Is Probus Insurance a funded company?
Probus Insurance is a funded company, having raised a total of $6.7M across 1 funding round to date. The company's 1st funding round was a Series A of $6.7M, raised on Dec 07, 2021.
How many employees does Probus Insurance have?
As of Apr 06, 2024, the latest employee count at Probus Insurance is 183.
What is the annual revenue of Probus Insurance?
Annual revenue of Probus Insurance is $8.74M as on Mar 31, 2023.
What does Probus Insurance do?
Probus Insurance was founded in 2002 in Mumbai, India, and operates within the digital insurance sector. A platform is provided for customers to obtain instant quotes on products such as motor, life, and health insurance. Comparisons and purchases from various top brands are facilitated through this online service, ensuring straightforward access to multiple options in the Indian market.
Who are the top competitors of Probus Insurance?
Probus Insurance's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
Who are Probus Insurance's investors?
Probus Insurance has 2 investors. Key investors include BlueOrchard, and InsuResilience Investment Fund.
What is Probus Insurance's valuation?
The valuation of Probus Insurance is $22.84M as of Dec 2021.