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
Locked
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Website
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Social
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- 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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People of Probus Insurance
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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.
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.
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Debt and equity investments are managed by this private fund.
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Climate insurance investment funds are provided for developing countries.
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Investor details for Probus Insurance
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Investments & Acquisitions by Probus Insurance
Investment portfolio details for Probus Insurance
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Financial Statements - Probus Insurance
Detailed financials for Probus Insurance
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Probus Insurance Comparisons
Peer comparison for Probus Insurance
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance plans are compared and purchased via an online marketplace.
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Online insurance policies are compared and purchased through the platform.
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Online platform for insurance and lending products is operated.
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Provider of platform for comparing and purchasing insurance, loans, and funds
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A B2B platform is provided for distributing financial products.
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Online platform for comparing and buying insurance policies is operated.
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Detailed competitors of Probus Insurance
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Latest news on Probus Insurance
Complete news archive for Probus Insurance
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Frequently Asked Questions about Probus Insurance
Probus Insurance was founded in 2002 and raised its 1st funding round 19 years after it was founded.
Probus Insurance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Trupti Balasubramaniam is the current CEO of Probus Insurance.
Probus Insurance is a funded company, having raised a total of $6.7M across 1 funding round to date.
As of Apr 06, 2024, the latest employee count at Probus Insurance is 183.
Annual revenue of Probus Insurance is $8.74M as on Mar 31, 2023.
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.
Probus Insurance's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
Probus Insurance has 2 investors. Key investors include BlueOrchard, and InsuResilience Investment Fund.
The valuation of Probus Insurance is $22.84M as of Dec 2021.