About Symbo Insurance
Symbo Insurance is a Financial Services company based in Mumbai (India) founded in 2017 by Mitesh Hastimal Jain. Insurance products are compared, selected, and purchased online. The company has 25 employees. Symbo Insurance has completed 2 acquisitions, including ReLeague and Vivant. Its website symboinsurance.com draws about 45 thousand monthly visits. Its Indian entity Symbo India Insurance Broking Private Limited reported revenue of ₹12.81 Cr. Symbo Insurance offers products and services including Health Insurance, Term Insurance, ULIP Insurance, Travel Insurance, and Car Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Diversified. Its competitors include Policybazaar, InsuranceDekho and Riskcovry; 2 of its 3 listed competitors have raised funding.
Company details
Symbo Insurance was founded in 2017 in Mumbai, India, as an online platform in the insurance sector. Various insurance products, including health, travel, life, and car coverage, are compared, selected, and purchased through the service. Operations focus on facilitating user access to these options via the domain symboinsurance.com, with key leadership provided by Co-Founder and CTO Mitesh Hastimal Jain.
- Headquarters Mumbai, India
- Employees 25
- Founders Mitesh Hastimal Jain
- SectorsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website symboinsurance.com
- Social LinkedIn X Facebook
- Legal Name Symbo India Insurance Broking Private Limited
- Date of Incorporation 24 Oct, 1994
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹12.81 Cr
FY 2025 · +47% YoY
- Net Profit₹4.74 Cr
FY 2025 · 37% margin
- EBITDA₹5.17 Cr
FY 2025 · 40% margin
- Investors
- Employee Count25
- Investments & AcquisitionsReLeague
& 1 more
Associated legal entities of Symbo Insurance
Symbo Insurance is associated with 3 registered companies on The Company Check; the primary company is Symbo India Insurance Broking Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Symbo India Insurance Broking Private Limited CIN U65990MH1994PTC082324 | Active | 24 Oct 1994 | Mumbai, Maharashtra | ₹12.8 Cr | 25 | 5 | View details |
| Bayview Digital Solutions Private Limited CIN U74999MH2016PTC282478 | Active | 16 Jun 2016 | Mumbai, Maharashtra | ₹12.9 Cr | 2 | View details | |
| Symbo Southasia Enterprises Private Limited CIN U74999MH2017PTC302487 | Active | 05 Dec 2017 | Mumbai, Maharashtra | ₹2.6 Cr | 49 | 2 | View details |
Products & Services of Symbo Insurance
Symbo Insurance offers a comprehensive portfolio of products and services, including Health Insurance, Term Insurance, ULIP Insurance, Travel Insurance, and Car Insurance.
Online service for purchasing health coverage policies
Platform for buying term life insurance policies
Service offering unit-linked insurance plans
Online tool for acquiring travel protection policies
Platform to purchase vehicle insurance for cars
Service for buying two-wheeler insurance coverage
Funding Insights of Symbo Insurance
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Symbo Insurance 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 |
|---|---|---|---|---|---|
| Feb 2018 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Symbo Insurance
Symbo Insurance has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Insignia Ventures Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| insignia.vc |
Investor details for Symbo Insurance
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 Symbo India Insurance Broking Private Limited (Symbo Insurance)
Symbo India Insurance Broking Private Limited is the primary company behind Symbo Insurance. The boards of the 3 registered companies of Symbo Insurance currently have 3 directors; the longest-serving is Anik Jain, appointed in 2018. 43 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anik Jain DIN 08140770 | Director | 29 May 2018 | 8 yrs 5 mo | Symbo India Insurance Broking Private Limited |
| Mitesh Hastimal Jain DIN 07336964 | CEO | 24 Jan 2023 | 3 yrs 9 mo | Symbo India Insurance Broking Private Limited, Bayview Digital Solutions Private Limited, Symbo Southasia Enterprises Private Limited |
| Kartik Poddar Kamalkumar DIN 06612010 | Director | 09 Aug 2023 | 3 yrs 3 mo | Symbo India Insurance Broking Private Limited, Bayview Digital Solutions Private Limited, Symbo Southasia Enterprises Private Limited |
People of Symbo Insurance
1 people are tracked at Symbo Insurance (1 in leadership); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership |
Complete people profiles for Symbo Insurance
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 Symbo Insurance
Figures of Symbo India Insurance Broking Private Limited, the primary company behind Symbo Insurance, for FY 2025. Revenue was ₹12.81 Cr (+47% year on year). Net profit was ₹4.74 Cr (37% margin). EBITDA was ₹5.17 Cr (40% margin). Revenue has grown at a compounded annual rate of +97% over three years and +37% over five years.
- ₹12.81 CrRevenue · FY 2025 · +47% YoY
- ₹4.74 CrNet profit · 37% margin
- ₹5.17 CrEBITDA · 40% margin
- ₹51.58 CrPaid-up capital
- 25Employees (provident fund records)
- +97%Revenue CAGR, 3 years
- +37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Symbo India Insurance Broking Private Limited are on its company page.
Detailed financial statements for Symbo Insurance
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.
Investments & Acquisitions by Symbo Insurance
Symbo Insurance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ReLeague and Vivant.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Health records are managed via an online platform for users. | vivant.me | Singapore | 2017 | Mar 2021 | •••• | |
Global reinsurance transactions are facilitated among insurers, brokers, and reinsurers. | releague.com | Mumbai, India | 2015 | Aug 2018 | •••• |
Complete acquisition details for Symbo Insurance
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Competitors of Symbo Insurance
Symbo Insurance has 3 listed competitors in our database, 2 of them funded. They include Policybazaar, InsuranceDekho and Riskcovry.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| policybazaar.com | 2008 | Gurugram, India | 24,206 | Insurance plans are compared and purchased via an online marketplace. | ||
| insurancedekho.com | 2016 | Gurugram, India | $394.5M | 2,077 | Online insurance policies are compared and purchased through the platform. | |
| riskcovry.com | 2018 | Mumbai, India | $14.41M | 126 | A platform for digital insurance distribution and management is provided. |
Detailed competitors of Symbo Insurance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Symbo Insurance
The website of Symbo Insurance (symboinsurance.com) receives about 45K visits a month and ranks #891,295 among all websites worldwide, #3,898 in Insurance.
- Monthly visits45K
▲ 35.7% vs previous month
- Unique visitors25.4K
per month
- Global rank#891,295
among all websites
- Category rank#3,898
Finance · Insurance
- Bounce rate48%
- Pages per visit1.9
- Average visit1 min 30 sec
- DevicesDesktop 3% · Mobile 97%
Top companies in Insurance Providers
3 companies that operate in the same segment as Symbo Insurance (Insurance Providers) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | USD 502.59 M | 31,422 |
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Related news about Symbo Insurance
Complete news archive for Symbo Insurance
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Frequently Asked Questions about Symbo Insurance
Symbo Insurance was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Symbo Insurance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Symbo Insurance has 25 employees.
The primary company behind Symbo Insurance, Symbo India Insurance Broking Private Limited, reported revenue of ₹12.81 Cr for FY 2025, up 47% year on year.
Symbo Insurance was founded in 2017 in Mumbai, India, as an online platform in the insurance sector. Various insurance products, including health, travel, life, and car coverage, are compared, selected, and purchased through the service. Operations focus on facilitating user access to these options via the domain symboinsurance.com, with key leadership provided by Co-Founder and CTO Mitesh Hastimal Jain.
Symbo Insurance's top competitors include Policybazaar, InsuranceDekho and Riskcovry.
Symbo Insurance offers Health Insurance, Term Insurance, ULIP Insurance, Travel Insurance, and 2 more products and services.
Symbo Insurance has 1 investor. Key investors include Insignia Ventures Partners.
Symbo Insurance is associated with 3 legal entities: Symbo India Insurance Broking Private Limited, Bayview Digital Solutions Private Limited, Symbo Southasia Enterprises Private Limited.
The legal entities of Symbo Insurance currently have 4 directors, including Kartik Poddar Kamalkumar, Nimisha Mahendra Shah, Mitesh Hastimal Jain and others.