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
$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
$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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $84.3M
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First Round
First Round
(08 Sep 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - SBI General | Valuation | Warburg Pincus , SBI | |
| Oct, 2022 | Amount | Angel Round - SBI General | Valuation | Shri Alok Chawla |
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| Sep, 2021 | Amount | Angel Round - SBI General | Valuation | Amar Bakul Joshi |
| 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 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. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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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 SBI General
| 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 - SBI General
| 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 |
Sbi General Comparisons
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. 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 |
Provider of home, personal, farm and business loans
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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 |
General Insurance
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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 Sbi General
Frequently Asked Questions about SBI General
When was SBI General founded?
SBI General was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Where is SBI General located?
SBI General is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of SBI General?
Naveen Chandra Jha is the current CEO of SBI General.
Is SBI General a funded company?
SBI General is a funded company, having raised a total of $85.36M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $885.48K, raised on Sep 08, 2021.
How many employees does SBI General have?
As of Oct 22, 2024, the latest employee count at SBI General is 6,795.
What does SBI General do?
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.
Who are the top competitors of SBI General?
SBI General's top competitors include ICICI Lombard, Bajaj Finserv and SarvaGram.
What products or services does SBI General offer?
SBI General offers Health Insurance, Motor Insurance, Home Insurance, Travel Insurance, and Cyber Insurance.
Who are SBI General's investors?
SBI General has 9 investors. Key investors include State Bank of India, Avendus, Warburg Pincus, Premji Invest, and Napean Opportunities.
What is SBI General's valuation?
The valuation of SBI General is $3.86B as of Apr 2023.
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