About Star Health and Allied Insurance
Star Health and Allied Insurance is a company based in Chennai (India) founded in 2006 by Venkatasamy Jagannathan was acquired by Hilb Group in March 2021.. Star Health and Allied Insurance has raised $783.29 million across 8 funding rounds from investors including Tata Capital, MIT and Hilb Group. The company has 15,820 employees as of March 31, 2024. Star Health and Allied Insurance offers products and services including Health Insurance, Travel Insurance, and Accident Insurance. Star Health and Allied Insurance operates in a competitive market with competitors including Niva Bupa, Care Health Insurance, Apollo Munich Health Insurance, SEB and Max Bupa, among others.
- Headquarter Chennai, India
- Employees 15820 as on 31 Mar, 2024
- Founders Venkatasamy Jagannathan
- Stage Public
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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
*********
- Legal Name Star Health & Allied Insurance Co. Ltd.
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Annual Revenue
$1.88 B (USD)14.88as on Mar 31, 2024
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Net Profit
$75.47 M (USD)-23.57as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$783.29 M (USD)
in 8 rounds
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Latest Funding Round
$164.28 M (USD), Series F
Jun 03, 2021
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Investors
Tata Capital
& 46 more
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Employee Count
15820
as on Mar 31, 2024
- Acquired by
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IPO & Listings of Star Health and Allied Insurance
Star Health and Allied Insurance is a publicly listed company on the NSE with ticker symbol STARHEALTH in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Star Health and Allied Insurance
Star Health and Allied Insurance offers a comprehensive portfolio of products and services, including Health Insurance, Travel Insurance, and Accident 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 for individuals and families.
Protects against travel-related risks and emergencies.
Offers coverage for personal and family accidents.
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Funding Insights of Star Health and Allied Insurance
Star Health and Allied Insurance has successfully raised a total of $783.29M across 8 strategic funding rounds. The most recent funding activity was a Series F round of $164.28 million completed in June 2021. 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 8
- Last Round Series F — $164.3M
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First Round
First Round
(31 Mar 2010)
- Investors Count 44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series F - Star Health and Allied Insurance | Valuation | GIC | |
| Dec, 2020 | Amount | Series F - Star Health and Allied Insurance | Valuation | Konark group , Apis Partners | |
| May, 2019 | Amount | Series E - Star Health and Allied Insurance | Valuation | Apis Partners , WestBridge Capital |
| 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 Star Health and Allied Insurance
Star Health and Allied Insurance has secured backing from 47 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tata Capital, MIT and Hilb Group. 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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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Private equity and venture capital asset management firm
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Founded Year | Domain | Location | |
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Investment firm focusing on equity investments in business services, consumer, financial services, healthcare, and technology 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 Star Health and Allied Insurance
| 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 - Star Health and Allied Insurance
| 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 |
Star Health And Allied Insurance Comparisons
Competitors of Star Health and Allied Insurance
Star Health and Allied Insurance 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 Niva Bupa, Care Health Insurance, Apollo Munich Health Insurance, SEB and Max Bupa, 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 |
Multiple insurance services are provided via an online app platform.
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| domain | founded_year | HQ Location |
Provider of health and travel insurance plans
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| domain | founded_year | HQ Location |
Pure-play health insurance provider
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| domain | founded_year | HQ Location |
Digital transformation and employee benefits solutions are provided by SEB.
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| domain | founded_year | HQ Location |
Health insurance services are provided by Max Bupa in India.
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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 Star Health And Allied Insurance
Frequently Asked Questions about Star Health and Allied Insurance
When was Star Health and Allied Insurance founded?
Star Health and Allied Insurance was founded in 2006 and raised its 1st funding round 4 years after it was founded.
Where is Star Health and Allied Insurance located?
Star Health and Allied Insurance is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Star Health and Allied Insurance?
Anand Roy is the current CEO of Star Health and Allied Insurance.
Is Star Health and Allied Insurance a funded company?
Star Health and Allied Insurance is a funded company, having raised a total of $783.29M across 8 funding rounds to date. The company's 1st funding round was a Series E of $49.7M, raised on Mar 31, 2010.
How many employees does Star Health and Allied Insurance have?
As of Mar 31, 2024, the latest employee count at Star Health and Allied Insurance is 15,820.
What is the annual revenue of Star Health and Allied Insurance?
Annual revenue of Star Health and Allied Insurance is $1.88B as on Mar 31, 2024.
What does Star Health and Allied Insurance do?
Star Health and Allied Insurance was founded in 2006 in Chennai, India, within the health insurance sector. A range of plans is provided for individuals, families, senior citizens, and corporate employees, including coverage for pre-existing conditions like diabetes, heart disease, and cancer, as well as support for children with special needs. Wellness programs, teleconsultations, and a mobile app featuring health assessments, telemedicine, risk evaluations, and fitness tracking are also offered.
Who are the top competitors of Star Health and Allied Insurance?
Star Health and Allied Insurance's top competitors include Niva Bupa, Care Health Insurance and Bridge Health.
What products or services does Star Health and Allied Insurance offer?
Star Health and Allied Insurance offers Health Insurance, Travel Insurance, and Accident Insurance.
Is Star Health and Allied Insurance publicly traded?
Yes, Star Health and Allied Insurance is publicly traded on NSE under the ticker symbol STARHEALTH.
Who are Star Health and Allied Insurance's investors?
Star Health and Allied Insurance has 47 investors. Key investors include Tata Capital, MIT, Hilb Group, Notre Dame, and WestBridge Capital.
What is Star Health and Allied Insurance's ticker symbol?
The ticker symbol of Star Health and Allied Insurance is STARHEALTH on NSE.
What is Star Health and Allied Insurance's valuation?
The valuation of Star Health and Allied Insurance is $3.82B as of Jun 2021.
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