About Symbo Insurance
Symbo Insurance is a company based in Mumbai (India) founded in 2017 by Mitesh Hastimal Jain.. The company has 25 employees as of April 04, 2024. Symbo Insurance has completed 2 acquisitions, including ReLeague and Vivant. Symbo Insurance offers products and services including Health Insurance, Term Insurance, ULIP Insurance, Travel Insurance, and Car Insurance. Symbo Insurance operates in a competitive market with competitors including Policybazaar, InsuranceDekho, Riskcovry, PB Fintech and Xceedance, among others.
- Headquarter Mumbai, India
- Employees 25 as on 04 Apr, 2024
- Founders Mitesh Hastimal Jain
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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 Symbo India Insurance Broking Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$202.82 K (USD)-41as on Mar 31, 2022
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Net Profit
$-1.2 M (USD)13.9as on Mar 31, 2022
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EBITDA
$-1.2 M (USD)12.3as on Mar 31, 2022
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Latest Funding Round
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Investors
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Employee Count
25
as on Apr 04, 2024
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Investments & Acquisitions
ReLeague
& 1 more
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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. 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.
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
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Symbo Insurance
Symbo Insurance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ReLeague and Vivant. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Health records are managed via an online platform for users.
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2017 | ||||
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Global reinsurance transactions are facilitated among insurers, brokers, and reinsurers.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Symbo 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 |
Symbo Insurance Comparisons
Competitors of Symbo Insurance
Symbo 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 Policybazaar, InsuranceDekho, Riskcovry, PB Fintech and Xceedance, 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 |
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| domain | founded_year | HQ Location |
Insurance plans are compared and purchased via an online marketplace.
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| domain | founded_year | HQ Location |
Online insurance policies are compared and purchased through the platform.
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| domain | founded_year | HQ Location |
A platform for digital insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Online platform for insurance and lending products is operated.
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| domain | founded_year | HQ Location |
Provides operations, technology, and data services to insurers worldwide.
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| domain | founded_year | HQ Location |
Cloud-based life and non-life insurance platform for the insurance and pension industry
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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 Symbo Insurance
Frequently Asked Questions about Symbo Insurance
When was Symbo Insurance founded?
Symbo Insurance was founded in 2017.
Where is Symbo Insurance located?
Symbo Insurance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Symbo Insurance have?
As of Apr 04, 2024, the latest employee count at Symbo Insurance is 25.
What is the annual revenue of Symbo Insurance?
Annual revenue of Symbo Insurance is $202.82K as on Mar 31, 2022.
What does Symbo Insurance do?
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.
Who are the top competitors of Symbo Insurance?
Symbo Insurance's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
What products or services does Symbo Insurance offer?
Symbo Insurance offers Health Insurance, Term Insurance, ULIP Insurance, Travel Insurance, and 2 more products and services.