Best Insurance IT Companies in Bengaluru, India
The 51 best Insurance IT companies in Bengaluru, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Perfios.
Ranked: Best Insurance IT companies in Bengaluru
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Founded | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Perfios 🦄 Provider of AI-driven platform for financial analysis, verification, and decisioning 87Moat top 16%Fin. health top 20%Funding top 23%Talent top 23% All 10 signals ▾Moattop 16% Fin. healthtop 20% Fundingtop 23% Talenttop 23% Markettop 25% Producttop 36% Techtop 44% Growthtop 45% AItop 45% Globalbottom 48% Moat: Top 1% by revenue among 105 tracked Insurance IT companies · Unicorn Fin. health: Revenue ~$83.8M (FY2018) · Net margin 15.6% rank vs industry peers · Fliar Intelligence Index 87/100 | $84M FY2025 | $270M | — | — | 2008 | Debasish Chakraborty Co-Founder | 1 job opening |
| 2 | Candela Labs Automation solutions for insurers and banks | $50M FY2025 | $97K | +4% | 83 | 1996 | — | — |
| 3 | Perfios 🦄 Real-time credit-decisioning platform and data aggregation APIs 84Market top 10%Moat top 11%Talent top 17%Funding top 26% All 11 signals ▾Markettop 10% Moattop 11% Talenttop 17% Fundingtop 26% Innovationtop 29% Globaltop 29% Producttop 29% Newstop 44% Growthtop 49% Fin. healthbottom 49% Techbottom 33% Market: 1,063 employees (top 2% of Investment Tech) · Revenue ~$30.5M Moat: Top 6% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 84/100 | $30M FY2023 | $450M | — | 1,063 | 2008 | Velamur Rangachari Govindarajan Co-Founder & Executive Chairman | — |
| 4 | Exdion Digital transformation and automation for the insurance and healthcare sectors | $12M FY2025 | — | +29% | 501 | 2000 | LS Ram Founder & CEO | — |
| 5 | iNube Software solutions provider for multiple verticals | $5M FY2025 | $595K | +3% | 288 288 → 430 (+49%) · sector median -9% | 2010 | Ramprasad Sanjeevi Co-Founder & Director | 2 launchs |
| 6 | Welnext An online marketplace of healthcare services | $4M FY2025 | $70K | +4% | 260 260 → 203 (-22%) · sector median -9% | 2017 | Jatin Doultani Founder & CEO & Managing Director | 1 award |
| 7 | Talisma Software for customer relationship management | $4M FY2025 | $66M | +9% | 375 | 1999 | Pradeep Singh Founder & CEO | 1 job opening · 1 partnership |
| 8 | ABI Health Provider of AI-driven solutions for healthcare operations 69Moat top 28%Growth top 30%Fin. health top 36%Funding top 39% All 10 signals ▾Moattop 28% Growthtop 30% Fin. healthtop 36% Fundingtop 39% Techtop 42% Markettop 45% AItop 45% Talentbottom 49% Globalbottom 39% Newsbottom 27% Moat: Top 15% by revenue among 105 tracked Insurance IT companies · Editorial + unicorn rating 7/10 Growth: Headcount 22 → 69 (+214%) across vintages · Revenue +22% YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $3M FY2025 | $16M | +22% | 69 69 → 155 (+125%) · sector median -9% | 2013 | Ajit Veerppan Founder & CEO & Managing Director | — |
| 9 | Bimaplan Platform enabling multiple insurance policies | $3M FY2025 | $6M | +163% | 49 49 → 34 (-31%) · sector median -9% | 2020 | Vikul Goyal Founder & CEO | 1 job opening |
| 10 | Finvolv Provider of a low-code embedded finance platform for financial services firms | $2M FY2025 | $6M | -7% | 80 | 2006 | Anand Kuliza Co-Founder & CEO | — |
| 11 | Remedinet Technologies Provider of healthcare payer-provider network solutions | $2M FY2025 | $4M | +2% | 197 197 → 187 (-5%) · sector median -9% | 2006 | Brahmesh Jain Co-Founder | — |
| 12 | Cynosure Provider of management consulting, data management, and insurance services | $1M FY2021 | — | — | 29 | 2012 | — | — |
| 13 | Gradatim SaaS based insurance and banking solutions for businesses | $1M FY2025 | $4M | +32% | 95 95 → 81 (-15%) · sector median -9% | 2006 | C Prakash Founder & CEO | — |
| 14 | EigenRisk Risk analytics solutions for insurance & risk management community | $1M FY2025 | — | +7% | 32 32 → 46 (+44%) · sector median -9% | 2014 | — | 1 partnership |
| 15 | Artivatic AI-based software suite for financial institutions | $740K FY2025 | $825K | -18% | 134 134 → 76 (-43%) · sector median -9% | 2017 | — | — |
| 16 | Ausis.ai AI-based risk management platform for the insurance industry | $740K FY2025 | — | -18% | 143 | 2021 | — | — |
| 17 | MiOSales AI based platform offering marketing software for insurance industry | $740K FY2025 | — | -18% | 143 | 2021 | Layak Singh Co-Founder & CEO | — |
| 18 | MedPiper Offers streamlined health check programs, precision health data, and digital workflows to enhance patient… | $673K FY2024 | $150K | +91% | 37 | 2020 | Pranay Suyash Co-Founder | — |
| 19 | Yatis App-based platform for car tracking, maintenance, and safety | $577K FY2025 | — | +111% | — | 2015 | Rajeev Mehtani CEO and Co-Founder | — |
| 20 | OneAssure Provider of an app-based insurance agency management solutions for the insurance industry | $437K FY2025 | $1M | +117% | 18 | 2019 | Ruchir Kanakia Co-Founder & CEO | — |
| 21 | Mitigata Provider of cyber insurance products and digital security monitoring services 64Growth top 15%Talent top 28%Fin. health top 31%News top 37% All 9 signals ▾Growthtop 15% Talenttop 28% Fin. healthtop 31% Newstop 37% Fundingtop 44% Techtop 47% Moattop 47% Globalbottom 37% Marketbottom 33% Growth: Revenue +1063% YoY · Web rank 10,000,000 → 5,000,000 YoY Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 64/100 | $413K FY2025 | $880K | +1063% | 24 | 2021 | Sarthak Dubey Co-Founder & COO | 5 job openings |
| 22 | Medi Assist Provider of benefits administration, international private medical insurance, and self-funded plans | $393K FY2025 | $29M | +24% | 51 | 2002 | Satish Gidugu CEO | — |
| 23 | Kriyam Provider of AI-based automating investigations | $382K FY2025 | — | +12% | 28 | 2021 | Santu Koley Co-Founder | — |
| 24 | ENSUREDIT Provider of insurance technology solutions for digital distribution and analytics | $369K FY2025 | $5M | -86% | 51 51 → 48 (-6%) · sector median -9% | 2019 | Rohit Sadhu Co-Founder & Coo | — |
| 25 | Claims Express Insurance claims processing solutions | $297K FY2025 | — | -5% | 50 | 2010 | Abdul G Sait CEO | — |
| 26 | C Centric CRM and sales enablement solutions for BFSI businesses | $193K FY2025 | — | -38% | 486 | 2007 | Janet Truncale CEO | — |
| 27 | Healspan Platform offering insurance policy and claims management services | $164K FY2025 | $372K | +229% | 41 41 → 36 (-12%) · sector median -9% | 2022 | Jayasaravanan Alagusundaram Co-Founder | — |
| 28 | Loktra Cloud-based sales platform for financial institutions | $153K FY2020 | $66K | +21% | 12 | 2016 | — | — |
Top 12 Insurance IT companies in Bengaluru
#1
Perfios 🦄Series D · Bengaluru, Karnataka · founded 2008$270.3Mraised▾
Provider of AI-driven platform for financial analysis, verification, and decisioning. The platform offers document analysis, KYC/KYB compliance, fraud detection, and risk assessment solutions. It facilitates digital lending, customer onboarding, and claims automation across various industries. The platform also provides tools for credit assessment and due diligence.
- May 2025Series D$1.5M
- Mar 2024Series D$80M
- Sep 2023Series D$41.4M
- Oct 2022Venture Debt$6.1M
#2
Perfios 🦄Series D · Bengaluru, Karnataka · founded 2008 · 1063 employees$450.4Mraised▾
Perfios is one stop solution for financial statement analysis. They provide the best in class service for employee history, bank statement analyser, and analytics software for financial service.
#3
Seed · Bengaluru, Karnataka · founded 2015$600Kraised▾
Provider of personalized video engagement platforms for banks and wealth management firms. It addresses post-pandemic digital transformation needs by surfacing client insights previously siloed with relationship managers, improving millennial, Gen Z acquisition, and reducing churn through personalized video experiences.
- Sep 2025Seed$500K
- Apr 2021Seed$100K
- Sep 2015Seed—
#4
Series A · Bengaluru, Karnataka · founded 2021 · 24 employees$880.3Kraised▾
Provider of cyber insurance products and digital security monitoring services. Offerings include liability coverage for business and individual risks alongside technical tools for threat detection, phishing simulation, and regulatory compliance management. The business facilitates insurance claims processing and provides consulting for data protection standards. Security tools monitor attack surfaces, dark web activity, and system vulnerabilities to identify potential risks. Managed products include endpoint detection, firewalls, and identity management systems to support operational security.
- Jul 2025Series A$5.9M
- Jan 2024Seed$961.9K
- Jun 2022Seed$219.3K
#5
Seed · Bengaluru, Karnataka · founded 2022 · 41 employees$371.7Kraised▾
Platform offering insurance policy and claims management services. It supports life and health insurers by handling tasks such as policy administration, claims processing, and end to end lifecycle management. The system offers workflow automation, document management, and integration with compliance and payment systems to streamline operations. Services include cashless claims processing, real-time claims tracking, and precision documentation management.
- Jan 2025Angel$48.9K
- Jul 2024Seed$185.1K
- Apr 2024Angel$72K
- Oct 2023Seed$145.3K
#6
Series A · Bengaluru, Karnataka · founded 2013 · 69 employees$16.2Mraised▾
Provider of AI-driven solutions for healthcare operations. These solutions streamline insurance claim management, automate lab operations, and enhance patient services. Specific offerings include AI agents for claim processing, a Fabric LIMS for laboratory workflow automation, and evoke.ai for lab result certification. The company also provides hospital information system (HIS) integration and customized dashboards for efficient operational tracking. The solutions aim to improve efficiency, reduce errors, and enhance decision-making within healthcare settings.
- Nov 2023Series A$10M
- Sep 2022Seed$2M
- Jun 2021Angel$41K
- Feb 2021Seed$185.2K
#7
Series A · Bengaluru, Karnataka · founded 2006 · 95 employees$3.6Mraised▾
SaaS based insurance and banking solutions for businesses. The platform provides end-to-end solutions for insurance and banking core processes. It also offers digital transformation and a personalized customer experience to clients. The platform offers micro finance, micro insurance, micro payments, micro pensions, and more.
- May 2024Series A$598.4K
- Jan 2022Series A$1.6M
- Mar 2019Angel$94.5K
- Jun 2010Series A$549.5K
#8
Seed · Bengaluru, Karnataka · founded 2020 · 49 employees$6.5Mraised▾
Platform enabling multiple insurance policies. It operates as an insurance tech platform, providing end-to-end insurance integration and enabling multiple insurance products for seamless digital experiences. The company aims to bring affordable insurance to the next billion Indians, targeting vulnerable households.
- Oct 2023Seed$3.5M
- Jun 2021Seed$2.5M
- Mar 2021Seed$500K
#9
Acquired · Bengaluru, Karnataka · founded 1999 · 375 employees$66.4Mraised▾
Software for customer relationship management. It offers a solution that enables businesses to engage customers, identify customer characteristics to boost sales, and manage omnichannel marketing campaigns. It serves finance, banking, education, technology, telecommunications, and other industries through its vertical solutions. It also provides customer portals and support, helpdesk, and analytics. It aims to help organizations integrate multiple channels of communication.
- May 2003Series C$7.6M
- Jul 2002Series B$5M
- Oct 2001Series B$10M
- Feb 2001Series B$12.3M
#10
Series A · Bengaluru, Karnataka · founded 2006 · 80 employees$5.9Mraised▾
Provider of a low-code embedded finance platform for financial services firms. This platform simplifies complex lending processes by unifying data, workflows, and teams. It offers specialized portals for engineers, lenders, and partners, facilitating frictionless lending experiences for borrowers. Key features include real-time business insights, API management, co-lending capabilities, and integrated IT support. The platform streamlines loan product setup, testing, and management across various channels. It aims to improve efficiency and transparency in the lending ecosystem.
- Apr 2022Series A$563K
- Jan 2021Angel$929.5K
- Jul 2019Angel$1.2M
- Feb 2019Series A$3M
#11
Public · Bengaluru, Karnataka · founded 2002 · 51 employees$28.9Mraised▾
Provider of benefits administration, international private medical insurance, and self-funded plans. The organization offers technologies and integrated service capabilities to enhance member experiences. Expertise includes streamlined benefits administration and customized benefit designs. Services also encompass medical value travel facilitation and a borderless network of health and wellness service providers.
- Feb 2017Unattributed$134.5K
- Jan 2015Unattributed$3.6M
- Oct 2013Unattributed$20M
- Apr 2013Unattributed$277.6K
#12
Seed · Bengaluru, Karnataka · founded 2019 · 51 employees$5Mraised▾
Provider of insurance technology solutions for digital distribution and analytics. It offers a platform integrating insurers and products, streamlining front, middle, and back-office operations for various distributors. The platform facilitates embedded insurance within diverse sectors like lending and wealth management. Additionally, it provides strategic analytics, leveraging AI/ML for deep market insights, particularly within the automotive sector. The solution is cloud-native, API-driven, and customizable, enabling scalable and rapid deployment of insurance products.
- Feb 2022Seed$4.2M
- Sep 2021Seed$243.2K
- Nov 2020Seed$466.7K
- Jun 2020Seed$74K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Insurance IT coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.