About Symbo
Symbo is a Financial Services company based in Mumbai (India) founded in 2017 by Mitesh Hastimal Jain. Insurance products are provided across industries and business types. Symbo has raised $9.4 million across 1 funding round from investors including Think Investments, CE Innovation Capital and Integra Partners. The company has 49 employees. Its Indian entity Symbo Southasia Enterprises Private Limited reported revenue of ₹2.65 Cr. Symbo offers products and services including Embedded Insurance, Cover Gateway, and Eyewear Insurance. Its focus areas include FinTech, Insurance IT, Insurance as a Service and InsurTech. Its competitors include Zopper and Bharatsure; 2 of its 2 listed competitors have raised funding.
Company details
Symbo was founded in 2017 and is based in Mumbai, India. Insurance products are supplied to diverse industries and business types. Comprehensive protection plans are offered to customers at the point of purchase. Coverage is delivered to safeguard clients. Businesses are supported in designing and selling insurance via cloud-based technology. Operations focus on the insurance sector with an emphasis on accessible protection solutions.
- Annual Revenue₹2.65 Cr
FY 2025 · -1% YoY
- Net Loss-₹10.68 Cr
FY 2025 · -403% margin
- EBITDA-₹9.67 Cr
FY 2025 · -365% margin
- Total Equity Funding$9.4M (USD)
in 1 rounds
- Latest Funding Round$9.4M (USD), Series A
Mar 2021
- InvestorsThink Investments
& 4 more
- Employee Count49
Associated legal entities of Symbo
Symbo operates through Symbo Southasia Enterprises 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 |
|---|---|---|---|---|---|---|---|
| Symbo Southasia Enterprises Private Limited CIN U74999MH2017PTC302487 | Active | 05 Dec 2017 | Mumbai, Maharashtra | ₹2.6 Cr | 49 | 2 | View details |
Products & Services of Symbo
Symbo offers a comprehensive portfolio of products and services, including Embedded Insurance, Cover Gateway, and Eyewear Insurance.
Platform for integrating insurance at purchase points
API for rapid policy issuance and claims processing
Insurance solution for eyewear products and customers
Apps and channels of Symbo
its YouTube channel Symbo has 2.49K subscribers and 30 videos.
Videos from Symbo
The most watched videos on Symbo's YouTube channel, Symbo (2.49K subscribers). Click a video to play it here.
More on Symbo.
Funding Insights of Symbo
Symbo has successfully raised a total of $9.4M through 1 strategic funding round. The most recent funding activity was a Series A round of $9.4 million completed in March 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 $9.4M
- Total Rounds 1
- Last Round Series A — $9.4M
- First Round $9.4M
(Mar 2021)
- Investors Count 5
All 1 funding rounds of Symbo 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 |
|---|---|---|---|---|---|
| Mar 2021 | $9.4M | Series A | – | Think Investments, CE Innovation Capital |
5 investors in total: 5 institutional.
Investors in Symbo
Symbo has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Think Investments, CE Innovation Capital and Integra Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment Firm | thinkinvestments.com | San Francisco, United States | ||
Early-stage startups are funded by this Beijing-based venture capital fund. | ceinnovationcap.com | Beijing, China | ||
Venture capital firm focused on financial services and digital healthcare | integrapartners.co | |||
Venture capital services and app-based platform requiring JavaScript. | insignia.vc | |||
Real estate investment firm managing hospitality, residential, and mixed-use platforms. | 2008 | ajcpt.com | Nashville, United States |
Investor details for Symbo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Symbo Southasia Enterprises Private Limited (Symbo)
Symbo Southasia Enterprises Private Limited is the primary company behind Symbo. The board of Symbo Southasia Enterprises Private Limited currently have 2 directors; the longest-serving is Kartik Poddar Kamalkumar, appointed in 2023. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kartik Poddar Kamalkumar DIN 06612010 | Director | 09 Oct 2023 | 3 yrs | Symbo Southasia Enterprises Private Limited |
| Mitesh Hastimal Jain DIN 07336964 | Director | 09 Oct 2023 | 3 yrs | Symbo Southasia Enterprises Private Limited |
People of Symbo
1 people are tracked at Symbo (1 in leadership); the tracked headcount is 49.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership |
Complete people profiles for Symbo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Symbo
Figures of Symbo Southasia Enterprises Private Limited, the primary company behind Symbo, for FY 2025. Revenue was ₹2.65 Cr (-1% year on year). Net loss was -₹10.68 Cr (-403% margin). EBITDA was -₹9.67 Cr (-365% margin). Revenue has grown at a compounded annual rate of -10% over three years and +15% over five years.
- ₹2.65 CrRevenue · FY 2025 · -1% YoY
- -₹10.68 CrNet loss · -403% margin
- -₹9.67 CrEBITDA · -365% margin
- ₹17.19 CrPaid-up capital
- 49Employees (provident fund records)
- -10%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Symbo Southasia Enterprises Private Limited are on its company page.
Detailed financial statements for Symbo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Symbo
2 dated milestones of Symbo across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Symbo is founded.
- Funding First funding round of $9.4M.
Competitors of Symbo
Symbo has 2 listed competitors in our database, 2 of them funded. They include Zopper and Bharatsure.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zopper.com | 2011 | Noida, India | $120.6M | 567 | API-enabled insurance distribution platform is provided for B2C companies. | |
| bharatsure.com | 2021 | Mumbai, India | $3.25M | 23 | Technology and infrastructure for insurance sales are provided. |
Detailed competitors of Symbo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Symbo
The website of Symbo (symbo.co) receives about 1.9K visits a month.
- Monthly visits1.9K
▼ 54.4% vs previous month
Top companies in Insurance Technology & Support Services
2 companies that operate in the same segment as Symbo (Insurance Technology & Support Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M |
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Related news about Symbo
Complete news archive for Symbo
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Frequently Asked Questions about Symbo
Symbo was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Symbo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Symbo is a funded company, having raised a total of $9.4M across 1 funding round to date. The company's 1st funding round was a Series A of $9.4M, raised on Mar 2021.
Symbo has 49 employees.
The primary company behind Symbo, Symbo Southasia Enterprises Private Limited, reported revenue of ₹2.65 Cr for FY 2025, down 1% year on year.
Symbo was founded in 2017 and is based in Mumbai, India. Insurance products are supplied to diverse industries and business types. Comprehensive protection plans are offered to customers at the point of purchase. Coverage is delivered to safeguard clients. Businesses are supported in designing and selling insurance via cloud-based technology. Operations focus on the insurance sector with an emphasis on accessible protection solutions.
Symbo's top competitors include Zopper and Bharatsure.
Symbo offers Embedded Insurance, Cover Gateway, and Eyewear Insurance.
Symbo has 5 investors. Key investors include Think Investments, CE Innovation Capital, Integra Partners, Insignia Ventures Partners, and AJ Capital Partners.
Symbo operates through Symbo Southasia Enterprises Private Limited.
The legal entities of Symbo currently have 2 directors, including Kartik Poddar Kamalkumar, Mitesh Hastimal Jain.