About Square Insurance Brokers
Square Insurance Brokers is a company based in Jaipur (India) founded in 2017 by Akash Parwal and Rakesh Kumar. Square Insurance Brokers has raised $4 million across 2 funding rounds from investors including Recur Club, BizdateUp and Negen Angel Fund. The company has 156 employees as of April 08, 2024. Square Insurance Brokers offers products and services including Insurance Comparison Platform, Car Insurance Service, Bike Insurance Service, Health Insurance Service, and Life Insurance Service. Square Insurance Brokers operates in a competitive market with competitors including ACKO, Digit Insurance, 5 nce, PBPartners and TeziPay, among others.
- Headquarter Jaipur, India
- Employees 156 as on 08 Apr, 2024
- Founders Akash Parwal, Rakesh Kumar
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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 Square Insurance Brokers Private Limited
- Date of Incorporation 07 Nov, 2016
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$1.41 M (USD)46.19as on Mar 31, 2023
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Net Profit
$95.23 K (USD)963.84as on Mar 31, 2023
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EBITDA
$240.57 K (USD)96.41as on Mar 31, 2023
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Seed
Jul 16, 2024
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Investors
Recur Club
& 6 more
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Employee Count
156
as on Apr 08, 2024
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Products & Services of Square Insurance Brokers
Square Insurance Brokers offers a comprehensive portfolio of products and services, including Insurance Comparison Platform, Car Insurance Service, Bike Insurance Service, Health Insurance Service, and Life Insurance Service.
Online service for comparing and purchasing insurance policies
Platform to buy and manage car insurance policies online
Service for purchasing and renewing two-wheeler insurance
Online tool for comparing and acquiring health coverage
Platform to select and buy life insurance plans
People of Square Insurance Brokers
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Funding Insights of Square Insurance Brokers
Square Insurance Brokers has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in July 2024. 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 Square Insurance Brokers
Square Insurance Brokers has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Recur Club, BizdateUp and Negen Angel Fund.
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Investment in tech-enabled startups and consumer-facing businesses in India.
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Angel Investment platform which connects investors to curated startup investment opportunities
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Debt financing solutions are provided to startups and SMEs.
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Investor details for Square Insurance Brokers
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Investments & Acquisitions by Square Insurance Brokers
Investment portfolio details for Square Insurance Brokers
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Financial Statements - Square Insurance Brokers
Detailed financials for Square Insurance Brokers
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Square Insurance Brokers Comparisons
Peer comparison for Square Insurance Brokers
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Square Insurance Brokers
Square Insurance Brokers 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 ACKO, Digit Insurance, 5 nce, PBPartners and TeziPay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance products for vehicles, health, travel, and life are offered.
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General and life insurance products are provided across multiple categories.
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AI-powered investment and financial advisory services are provided.
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Multiple insurance products are delivered via a web-based platform.
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Provider of financial solutions for businesses and individuals
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Detailed competitors of Square Insurance Brokers
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Latest news on Square Insurance Brokers
Complete news archive for Square Insurance Brokers
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Frequently Asked Questions about Square Insurance Brokers
Square Insurance Brokers was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Square Insurance Brokers is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Akash Parwal is the current CEO of Square Insurance Brokers. They have also founded this company.
Square Insurance Brokers is a funded company, having raised a total of $4M across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Square Insurance Brokers is 156.
Annual revenue of Square Insurance Brokers is $1.41M as on Mar 31, 2023.
Square Insurance Brokers was founded in 2017 in Jaipur, India, operating in the insurance broking sector. A single interface is provided for users to compare, purchase, and manage policies covering life, health, motor, travel, and business insurance. Multiple providers are integrated to support claims processing, policy renewals, regulatory compliance, and real-time tracking, streamlining insurance management workflows.
Square Insurance Brokers's top competitors include Digit Insurance, ACKO and PBPartners.
Square Insurance Brokers offers Insurance Comparison Platform, Car Insurance Service, Bike Insurance Service, Health Insurance Service, and Life Insurance Service.
Square Insurance Brokers has 7 investors. Key investors include Recur Club, BizdateUp, Negen Angel Fund, Exanavo Consultant, and D.M. Metalloys.