About Royal Sundaram
Royal Sundaram is a company based in Chennai (India) founded in 2001 by Gudalur Kothanda Raman, S Ram, and Santhanam Viji.. Royal Sundaram has raised $209.78 million across 1 funding round from investors including Ageas. The company has 2,511 employees as of March 30, 2024. Royal Sundaram operates in a competitive market with competitors including ICICI Lombard, Bajaj Finserv, Bajaj Allianz General Insurance, Reliance General and SarvaGram, among others.
- Headquarter Chennai, India
- Employees 2511 as on 30 Mar, 2024
- Founders Gudalur Kothanda Raman, S Ram, Santhanam Viji
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Royal Sundaram General Insurance Co. Limited
- Date of Incorporation 22 Aug, 2000
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$0 (USD)0as on Mar 31, 2023
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$209.78 M (USD)
in 1 rounds
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Latest Funding Round
$209.78 M (USD), Private Equity Round
Feb 22, 2019
- Investors
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Employee Count
2511
as on Mar 30, 2024
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Leadership Team
7 people
Human Resources and Administration
4 people
Software Development Team
3 people
Data Analysis and Operations Team
3 people
Product Management Team
2 people
Legal and Compliance
1 people
Finance and Accounting
1 people
Head Team
1 people
Unlock access to complete
Funding Insights of Royal Sundaram
Royal Sundaram has successfully raised a total of $209.78M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $209.78 million completed in February 2019. 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 Private Equity Round — $209.8M
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First Round
First Round
(22 Feb 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Private Equity Round - Royal Sundaram | Valuation | Ageas |
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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 Royal Sundaram
Royal Sundaram has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ageas. 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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Insurance in property, casualty, life, and pensions is offered worldwide.
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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 Royal Sundaram
| 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 - Royal Sundaram
| 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 |
Royal Sundaram Comparisons
Competitors of Royal Sundaram
Royal Sundaram 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 ICICI Lombard, Bajaj Finserv, Bajaj Allianz General Insurance, Reliance General and SarvaGram, 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 |
Life, health, and general insurance services are provided across India.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Offers insurance for health, vehicles, travel, life, and commercial needs.
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| domain | founded_year | HQ Location |
General insurance services are provided across India by Reliance General.
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| domain | founded_year | HQ Location |
Provider of home, personal, farm and business loans
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| domain | founded_year | HQ Location |
General insurance services are provided in multiple categories.
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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 Royal Sundaram
Frequently Asked Questions about Royal Sundaram
When was Royal Sundaram founded?
Royal Sundaram was founded in 2001 and raised its 1st funding round 18 years after it was founded.
Where is Royal Sundaram located?
Royal Sundaram is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Royal Sundaram?
Venkatasubramanian is the current CEO of Royal Sundaram.
Is Royal Sundaram a funded company?
Royal Sundaram is a funded company, having raised a total of $209.78M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $209.78M, raised on Feb 22, 2019.
How many employees does Royal Sundaram have?
As of Mar 30, 2024, the latest employee count at Royal Sundaram is 2,511.
What does Royal Sundaram do?
Royal Sundaram was established in 2001 in Chennai, India, as a subsidiary of Sundaram Finance, marking it as the countrys first private general insurer. Various policies, including motor, health, accident, home, and travel insurance, are provided to individual customers. Corporate clients receive coverage for fire, marine, engineering, liability, and business interruption risks. Specialized products are also developed for small and medium enterprises as well as rural markets.
Who are the top competitors of Royal Sundaram?
Royal Sundaram's top competitors include ICICI Lombard, Bajaj Finserv and SarvaGram.
Who are Royal Sundaram's investors?
Royal Sundaram has 1 investor. Key investors include Ageas.
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