About Toffee Insurance
Toffee Insurance is a company based in Gurugram (India) founded in 2017 by Nishant Jain and Rohan Kumar. Toffee Insurance has raised $12.19 million across 6 funding rounds from investors including Accion, Omidyar Network and Citco. The company has 23 employees as of August 10, 2024. Toffee Insurance offers products and services including Micro Insurance Products. Toffee Insurance operates in a competitive market with competitors including iNube Software Solutions, IDBI Federal, Trovity, RAP INFOSYSTEMS and Finizon, among others.
- Headquarter Gurugram, India
- Employees 23 as on 10 Aug, 2024
- Founders Nishant Jain, Rohan Kumar
- Stage Minicorn
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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 Toffee Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$517.08 K (USD)47.87as on Mar 31, 2023
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Net Profit
$24.22 K (USD)392.23as on Mar 31, 2023
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EBITDA
$40.36 K (USD)293.02as on Mar 31, 2023
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Total Equity Funding
$12.19 M (USD)
in 6 rounds
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Latest Funding Round
$2.94 M (USD), Series D
Nov 18, 2022
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Investors
Accion
& 10 more
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Employee Count
23
as on Aug 10, 2024
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Products & Services of Toffee Insurance
Toffee Insurance offers a comprehensive portfolio of products and services, including Micro Insurance Products.
Affordable coverage for everyday items and personal needs
Funding Insights of Toffee Insurance
Toffee Insurance has successfully raised a total of $12.19M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $2.94 million completed in November 2022. 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 Toffee Insurance
Toffee Insurance has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Accion, Omidyar Network and Citco.
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Investing in technology, digital culture, governance, and business initiatives.
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Venture debt is provided to growth-stage companies for business scaling.
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Investor details for Toffee Insurance
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Investments & Acquisitions by Toffee Insurance
Investment portfolio details for Toffee Insurance
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Financial Statements - Toffee Insurance
Detailed financials for Toffee Insurance
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Toffee Insurance Comparisons
Peer comparison for Toffee Insurance
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Competitors of Toffee Insurance
Toffee 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 iNube Software Solutions, IDBI Federal, Trovity, RAP INFOSYSTEMS and Finizon, among others.
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Software solutions are provided for multiple industry verticals.
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Life insurance policies and retirement solutions are offered nationwide.
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Online platform for insurance broking, claims management, and personalized risk analysis.
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Offers life, health, and motor insurance to individuals with expert advice.
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Financial services are provided by Finizon in Mumbai, India.
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Detailed competitors of Toffee Insurance
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Latest news on Toffee Insurance
Complete news archive for Toffee Insurance
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Frequently Asked Questions about Toffee Insurance
Toffee Insurance was founded in 2017.
Toffee Insurance is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Rohan Kumar is the current CEO of Toffee Insurance. They have also founded this company.
Toffee Insurance is a funded company, having raised a total of $12.19M across 6 funding rounds to date.
As of Aug 10, 2024, the latest employee count at Toffee Insurance is 23.
Annual revenue of Toffee Insurance is $517.08K as on Mar 31, 2023.
Toffee Insurance was founded in 2017 and is based in Gurugram, India. Microinsurance solutions are provided to individuals in the insurance sector, with a focus on affordable coverage for items such as mobile devices, eyewear, and education expenses. Operations center on delivering tailored products to meet customer needs in the Indian market, supported by a team including co-founders and key executives in product and marketing roles.
Toffee Insurance's top competitors include iNube Software Solutions, IDBI Federal and Finizon.
Toffee Insurance offers Micro Insurance Products.
Toffee Insurance has 11 investors. Key investors include Accion, Omidyar Network, Citco, Ivm Intersurer BV, and Flourish Ventures.
The valuation of Toffee Insurance is $6.92M as of Nov 2022.