About Simple Insure
Simple Insure is a Technology company based in Delhi (India) founded in 2024 by Ritik Madan, Kshitij Agrawal, and Anant Jain. AI-powered platform for comparing and finding health insurance plans. It operates in the Technology and Financial Services sectors. Simple Insure has raised $901.86 thousand across 2 funding rounds from investors including Startup India, The Indian Dream and Antler. Its Indian entity Paperstack Technologies Private Limited reported revenue of ₹5.4 Lakh. Simple Insure offers products and services including Simple AI, WhatsApp Advisor, and Web Chat. Its focus areas include Enterprise Applications, MarketingTech, Industry Specific Marketing and Insurance.
Company details
Simple Insure was founded in 2024 in Delhi, India, as an AI-driven platform in the health insurance sector. Personalized recommendations for policies are provided to individuals and families through a virtual AI agent. The process of evaluating and choosing suitable health plans is streamlined, with operations focused on comparison tools and tailored options across various providers.
- Headquarters Delhi, India
- Founders Ritik Madan, Kshitij Agrawal, Anant Jain
- SectorsTechnologyFinancial Services
- Website simpleinsure.ai
- Social LinkedIn Instagram
- Legal Name Paperstack Technologies Pvt Ltd
- Date of Incorporation 26 Jun, 2023
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹5.4 Lakh
FY 2025 · +7% YoY
- Net Loss-₹70,361
FY 2025 · -13% margin
- EBITDA-₹70,361
FY 2025 · -13% margin
- Total Equity Funding$901.86K (USD)
in 2 rounds
- Latest Funding Round$901.86K (USD), Seed
Sep 2025
- InvestorsStartup India
& 12 more
Associated legal entities of Simple Insure
Simple Insure operates through Paperstack Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Paperstack Technologies Private Limited CIN U62091DL2023PTC416185 | Active | 26 Jun 2023 | New Delhi, Delhi | ₹0.1 Cr | 3 | View details |
Products & Services of Simple Insure
Simple Insure offers a comprehensive portfolio of products and services, including Simple AI, WhatsApp Advisor, and Web Chat.
AI tool for comparing and recommending health insurance policies
WhatsApp-based platform for insurance queries and advice
Web tool for interacting with AI for policy recommendations
Funding Insights of Simple Insure
Simple Insure has successfully raised a total of $901.86K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $901.86 thousand completed in September 2025. 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 $901,864
- Total Rounds 2
- Last Round Seed — $901,864
- Investors Count 13
All 2 funding rounds of Simple Insure with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2025 | $901,864 | Seed | – | The Indian Dream | |
| Apr 2024 | Seed | – | Startup India | – |
13 investors in total: 3 institutional and 10 angel.
Investors in Simple Insure
Simple Insure has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Startup India, The Indian Dream and Antler.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investing and founder support services are offered globally by Antler. | 2018 | antler.co | ||
Recognition, funding, and resources are provided to Indian startups. | 2016 | startupindia.gov.in | Delhi, India | |
Provides comprehensive strategic consulting services. | 2020 | theindiandream.in | Mumbai, India | |
RR Ramanathan R V | Angel investor, ex-entrepreneur, focused on Indian startups and technology | unknown_c616779eebe949e98 | ||
RI Ramganesh Iyer | unknown_2de1a0a81c5047728 | |||
PS Prashant Sarin | unknown_bab34992b073448ab | |||
CL Chamarthi Lokesh Raju | unknown_ce574a6008e743e79 | |||
ST Saurabh Trehan | unknown_3b494ca11f824dff8 | |||
PM Prateek Manudhanya | unknown_596c0872322342318 | |||
MM Manu Mishra | unknown_e4fec5ba4d9c48809 |
Investor details for Simple Insure
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Paperstack Technologies Private Limited (Simple Insure)
Paperstack Technologies Private Limited is the primary company behind Simple Insure. The board of Paperstack Technologies Private Limited currently have 3 directors; the longest-serving is Anant Jain, appointed in 2023.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anant Jain DIN 10214439 | Director | 26 Jun 2023 | 3 yrs 4 mo | Paperstack Technologies Private Limited |
| Ritik Madan DIN 10214440 | Director | 26 Jun 2023 | 3 yrs 4 mo | Paperstack Technologies Private Limited |
| Kshitij Agrawal DIN 05306629 | Director | 18 Mar 2025 | 1 yr 7 mo | Paperstack Technologies Private Limited |
People of Simple Insure
3 people are tracked at Simple Insure (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Simple Insure
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Simple Insure
Figures of Paperstack Technologies Private Limited, the primary company behind Simple Insure, for FY 2025. Revenue was ₹5.4 Lakh (+7% year on year). Net loss was -₹70,361 (-13% margin). EBITDA was -₹70,361 (-13% margin).
- ₹5.4 LakhRevenue · FY 2025 · +7% YoY
- -₹70,361Net loss · -13% margin
- -₹70,361EBITDA · -13% margin
- ₹1.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Paperstack Technologies Private Limited are on its company page.
Detailed financial statements for Simple Insure
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Simple Insure
3 dated milestones of Simple Insure across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Simple Insure is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $902K.
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Frequently Asked Questions about Simple Insure
Simple Insure was founded in 2024.
Simple Insure is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Simple Insure is a funded company, having raised a total of $901.86K across 2 funding rounds to date.
The primary company behind Simple Insure, Paperstack Technologies Private Limited, reported revenue of ₹5.4 Lakh for FY 2025, up 7% year on year.
Simple Insure was founded in 2024 in Delhi, India, as an AI-driven platform in the health insurance sector. Personalized recommendations for policies are provided to individuals and families through a virtual AI agent. The process of evaluating and choosing suitable health plans is streamlined, with operations focused on comparison tools and tailored options across various providers.
Simple Insure offers Simple AI, WhatsApp Advisor, and Web Chat.
Simple Insure has 13 investors. Key investors include Startup India, The Indian Dream, Antler, Ramanathan R V, and Ramganesh Iyer.
Simple Insure operates through Paperstack Technologies Private Limited.
The legal entities of Simple Insure currently have 3 directors, including Kshitij Agrawal, Anant Jain, Ritik Madan.