About Symbo
Symbo is a company based in Mumbai (India) founded in 2017 by Mitesh Hastimal Jain. 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 as of April 06, 2024. Symbo offers products and services including Embedded Insurance, Cover Gateway, and Eyewear Insurance. Symbo operates in a competitive market with competitors including Zopper, Cover Genius, Bolttech, Qover and Open, among others.
- Headquarter Mumbai, India
- Employees 49 as on 06 Apr, 2024
- Founders Mitesh Hastimal Jain
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Symbo Southasia Enterprises Private Limited
- Date of Incorporation 05 Dec, 2017
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$372.85 K (USD)-13.52as on Mar 31, 2023
-
Net Profit
-$1.7 M (USD)-143.76as on Mar 31, 2023
-
EBITDA
-$1.17 M (USD)-84.13as on Mar 31, 2023
-
Total Equity Funding
$9.4 M (USD)
in 1 rounds
-
Latest Funding Round
$9.4 M (USD), Series A
Mar 04, 2021
-
Investors
Think Investments
& 4 more
-
Employee Count
49
as on Apr 06, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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
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.
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
|
Locked | Locked | Locked | |
|
Early-stage startups are funded by this Beijing-based venture capital fund.
|
Locked | Locked | Locked | |
|
Venture capital firm focused on financial services and digital healthcare
|
Locked | Locked | Locked |
Investor details for Symbo
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Symbo
Investment portfolio details for Symbo
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Symbo
Detailed financials for Symbo
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Symbo Comparisons
Peer comparison for Symbo
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Symbo
Symbo 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 Zopper, Cover Genius, Bolttech, Qover and Open, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
API-enabled insurance distribution platform is provided for B2C companies.
|
|
| Locked | Locked | Locked |
Software suite for insurance distribution and management is provided.
|
|
| Locked | Locked | Locked |
Insurance solutions are connected for businesses and individuals through partnerships.
|
|
| Locked | Locked | Locked |
Software suite for designing and distributing digital insurance is offered.
|
|
| Locked | Locked | Locked |
AI-based software suite is offered for insurance industry operations.
|
|
| Locked | Locked | Locked |
Embedded insurance solutions are delivered to businesses through platforms.
|
Detailed competitors of Symbo
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Symbo
Complete news archive for Symbo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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.
As of Apr 06, 2024, the latest employee count at Symbo is 49.
Annual revenue of Symbo is $372.85K as on Mar 31, 2023.
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, Cover Genius and Bolttech.
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.