About SBI General
SBI General is a company based in Mumbai (India) founded in 2009. SBI General has raised $85.36 million across 3 funding rounds from investors including State Bank of India, Avendus and Warburg Pincus. The company has 6,795 employees as of October 22, 2024. SBI General offers products and services including Health Insurance, Motor Insurance, Home Insurance, Travel Insurance, and Cyber Insurance. SBI General operates in a competitive market with competitors including ICICI Lombard, Bajaj Finserv, SarvaGram, Bajaj Allianz General Insurance and Reliance General, among others.
- Headquarter Mumbai, India
- Employees 6795 as on 22 Oct, 2024
- Stage Unicorn
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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
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- Legal Name Sbi General Insurance Company Limited
- Date of Incorporation 24 Feb, 2009
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$85.36 M (USD)
in 3 rounds
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Latest Funding Round
$84.33 M (USD), Seed
Apr 28, 2023
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Investors
State Bank of India
& 8 more
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Employee Count
6795
as on Oct 22, 2024
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Products & Services of SBI General
SBI General offers a comprehensive portfolio of products and services, including Health Insurance, Motor Insurance, Home Insurance, Travel Insurance, and Cyber Insurance.
Covers medical expenses and health risks for individuals.
Provides vehicle coverage for accidents and damages.
Offers protection for homes and belongings against risks.
Insures trips for emergencies and cancellations.
Protects against digital threats and data breaches.
People of SBI General
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Funding Insights of SBI General
SBI General has successfully raised a total of $85.36M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $84.33 million completed in April 2023. 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 SBI General
SBI General has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, Avendus and Warburg Pincus.
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Multi-stage private equity investments are pursued across diverse sectors.
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Private equity firm focused on multiple sectors
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Investor details for SBI General
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Investments & Acquisitions by SBI General
Investment portfolio details for SBI General
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Financial Statements - SBI General
Detailed financials for SBI General
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Sbi General Comparisons
Peer comparison for SBI General
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Competitors of SBI General
SBI General 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, SarvaGram, Bajaj Allianz General Insurance and Reliance General, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Life, health, and general insurance services are provided across India.
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Financial solutions including loans and insurance are offered.
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Provider of home, personal, farm and business loans
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Offers insurance for health, vehicles, travel, life, and commercial needs.
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General insurance services are provided across India by Reliance General.
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General Insurance
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Detailed competitors of SBI General
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Latest news on Sbi General
Complete news archive for SBI General
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Frequently Asked Questions about SBI General
SBI General was founded in 2009 and raised its 1st funding round 12 years after it was founded.
SBI General is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Naveen Chandra Jha is the current CEO of SBI General.
SBI General is a funded company, having raised a total of $85.36M across 3 funding rounds to date.
As of Oct 22, 2024, the latest employee count at SBI General is 6,795.
SBI General was established in 2009 and is based in Mumbai, India. Operations center on the general insurance sector, where a variety of products are offered, including health, motor, home, travel, personal accident, life, agriculture, business, and cyber coverage. Services are extended to individuals and businesses across the Indian market, addressing key risks in personal and commercial domains.
SBI General's top competitors include ICICI Lombard, Bajaj Finserv and SarvaGram.
SBI General offers Health Insurance, Motor Insurance, Home Insurance, Travel Insurance, and Cyber Insurance.
SBI General has 9 investors. Key investors include State Bank of India, Avendus, Warburg Pincus, Premji Invest, and Napean Opportunities.
The valuation of SBI General is $3.86B as of Apr 2023.