About Trovity
Trovity is a company based in Hyderabad (India) founded in 2021 by Sriteja Rudraraju, PSK Varma, and Ram Patrudu. It operates as a B2C, and B2B. Trovity offers products and services including Trovity Card, Claims Management, and Policy Matchmaking. Trovity operates in a competitive market with competitors including IDBI Federal, Toffee Insurance, Finizon, Kumar Investment Solutions and MoneyWorks, among others.
- Headquarter Hyderabad, India
- Founders Sriteja Rudraraju, PSK Varma, Ram Patrudu
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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 Trovity Insuretech Insurance Broking Services Private Limited
- Date of Incorporation 11 Nov, 2021
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$73.41 K (USD)0as on Mar 31, 2023
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Net Profit
$-180.29 K (USD)-798.09as on Mar 31, 2023
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EBITDA
$-176.96 K (USD)-789.49as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Products & Services of Trovity
Trovity offers a comprehensive portfolio of products and services, including Trovity Card, Claims Management, and Policy Matchmaking. 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.
Card providing access to multiple insurance policies and benefits
System for handling insurance claims and resolutions efficiently
Service for matching users with suitable insurance plans
Funding Insights of Trovity
| 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 Trovity
| 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 |
Financial Statements - Trovity
| 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 |
Trovity Comparisons
Competitors of Trovity
Trovity 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 IDBI Federal, Toffee Insurance, Finizon, Kumar Investment Solutions and MoneyWorks, 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 |
Life insurance policies and retirement solutions are offered nationwide.
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| domain | founded_year | HQ Location |
Provider of microinsurance products for individuals
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| domain | founded_year | HQ Location |
Financial services are provided by Finizon in Mumbai, India.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for life, health, home, auto, travel, and marine insurance.
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| domain | founded_year | HQ Location |
Diversified assets are managed by the firm in Mumbai.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Trovity
When was Trovity founded?
Trovity was founded in 2021.
Where is Trovity located?
Trovity is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
What is the annual revenue of Trovity?
Annual revenue of Trovity is $73.41K as on Mar 31, 2023.
What does Trovity do?
Trovity provides insurance broking services for life, health, general, and marine insurance, including policy matchmaking and claims guidance. It operates as a direct broker, offering tools like risk analysis reports and a dashboard for policy management. Based in Hyderabad, India, the platform serves individuals and corporates with tailored solutions for their insurance needs, emphasizing efficient claim processing and wellness benefits.
Who are the top competitors of Trovity?
Trovity's top competitors include IDBI Federal, Toffee Insurance and Finizon.
What products or services does Trovity offer?
Trovity offers Trovity Card, Claims Management, and Policy Matchmaking.