Company lists
The Maharashtra edition · 2026

Insurance itcompanies in Maharashtra

Insurance software, CRM & sales, claims & automation, risk & compliance, customer service and more: the companies building insurance it in Maharashtra, with their founders, funding, team size and business models.

65 company profiles39 with reported revenue20 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent insurance it business events in India

Funding, M&A, contract wins and launches involving 300 insurance it companies in India, last 24 months: 16 funding rounds · 9 launches · 9 M&A deals · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

LaunchAutonomous Customer Operations Platform

Talisma

Talisma has launched its latest platform, the Autonomous Customer Operations Platform, to ease AI adoption in financial services and education sectors.

LaunchZENOVA

Zopper

Zopper, India’s leading insurtech company, announced the launch of ZENOVA, an agentic layer designed to transform how banks distribute insurance products.

Insurance distribution layer
Funding

Care.Fi

Care.fi landed $8 million to help hospitals in India run better and faster…

Health
M&AAcquisition · Announced

Care.Fi acquires Aldun

Care.fi, a healthcare-focussed fintech founded by Vikrant Agrawal and Sidak Singh, announced its acquisition of Aldun, a discharge-automation platform known for enabling near-instant,…

Healthcare Software
FundingSeries D

Arya

With farmers facing greater climate‑related threats to their livelihoods, the company is expanding its services with funding from climate‑focused GEF Capital Partners, a spinout from the…

Agtech
FundingPreferential Issue

Medi Assist Healthcare Services

Shardul Amarchand Mangaldas & Co. (SAM) advised Medi Assist Healthcare Services Limited (“Medi Assist”) on its ~INR 198 crores fundraise through preferential issue of equity shares to…

Investors Massachusetts Institute of Technology, 238 Plan Associates
Healthcare Services
LaunchNexus 360

Perfios

Indian B2B Software as a Service (SaaS) firm Perfios has expanded its Nexus 360 credit decisioning platform across South East Asia.

Credit decisioning platform
FundingPrivate Placement

Medi Assist Healthcare Services

Bengaluru, October 11, 2025 – Medi Assist Healthcare Services Limited (“Medi Assist”), India’s premier health benefits administrator, today announced an investment from Massachusetts…

Investors Massachusetts Institute of Technology (MIT), 238 Plan Associates
Healthcare
LaunchSureMatch

Impactsure technologies

Impactsure Technologies, a leading global provider of AI-driven solutions for banking and financial services, today announced the launch of SureMatch, its next-generation Agentic AI…

Agentic AI platform for Global Trade
M&ACompleted

Na acquires Medi Assist Healthcare Services

Bessemer India Capital Holdings II Ltd. has sold 1.11 crore equity shares, representing 15.67% of the total share/voting capital, in Medi Assist Healthcare Services Limited.

Funding

Bharatsure

Bharatsure, one of India’s leading Insurtech companies offering Infrastructure as a Service (IaaS) solutions has raised INR 6 Crores from Inflection Point Ventures (IPV) and other…

Insurtech
FundingGrowth

Credit wise capital

Moving to India, Credit Wise Capital, a consumer lending platform focused on financing two-wheelers and EVs, raised $23.3 million in a growth funding round.

Consumer Lending
LaunchVahana Hub

Decimal technologies

Decimal Technologies announced the strategic revamp of Vahana Hub into a public marketplace of APIs and composable apps.

Public marketplace of APIs and composable apps
M&AAcquisition · Completed

Sapiens acquires Candela labs

Clearsight served as the exclusive advisor to Azentio Software Private Limited on the divestiture of Candela Labs to Sapiens International Corporation N.V.

Intelligent automation
M&AAcquisition · Completed

Perfios acquires IHX

Perfios has acquired healthcare information exchange platform IHX.

Healthtech
LaunchRetail Banking Customer 360

Businessnext

BUSINESSNEXT, a global leader in composable enterprise solutions for the financial services sector, has introduced triple-layer AI-powered Retail Banking Customer 360.

Customer Intelligence Solution
LaunchDynamic PoPs

Arya

Aryaka has added dynamic PoPs to meet customers’ connectivity and regulatory compliance needs.

Network Infrastructure
FundingGrowth-stage

Zopper

insurtech firm Zopper

LaunchAGENTNEXT

Businessnext

BUSINESSNEXT, a global leader in composable cloud solutions for financial services, has launched India’s first AI agent platform to modernize the banking, financial services, and…

AI agent platform
FundingSeed

Healspan

National, October 15, 2024: Bengaluru-based insurance-tech startup Healspan—provider of disruptive revenue cycle management software enabling hospitals to seamlessly manage all key…

Investors Lead Angels, Ankitt Jain, Srijith Nair, The Doctorpreneur Academy
Insurtech

Insurance it companies in Maharashtra, by revenue

Browse insurance it companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 39 companies below are the largest by their most recent reported revenue among 39 insurance it companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 39

Provider of loans and vehicle-related services via digital platforms

Insurance it
₹127.25 crFY 2024-25
+15%2024–2025
286+8% 12 mo to Sep 2024LinkedIn · Oct 2026
7 yr2019
0none in 3 months

Software suite for the insurance industry

Insurance it
₹82.97 crFY 2024-25
-19%2024–2025
362+5% 12 mo to Jul 2024LinkedIn · Jul 2026
19 yr2007
3postings · last posted Sep 2026

Provider of API based applications for the insurance industry

Insurance it
₹63.86 crFY 2024-25
+108%2024–2025
177+135% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Mar 2026

Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions

Insurance it
₹56.00 crFY 2024-25
Not reported
56-17% 12 mo to Aug 2024LinkedIn · Oct 2026
16 yr2010
1postings · last posted Sep 2026

Provider of a platform for digital insurance distribution and management

Insurance it
₹45.99 crFY 2024-25
+116%2024–2025
137+20% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
4postings · last posted Sep 2026

Provider of insurance products across various industries and business types

Insurance it
US$4.44mFY 2022-23
+181%2022–2023
105-4% 12 mo to Jun 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2026

Provider of proprietary digital platform for banking and insurance sector

Insurance it
₹25.76 crFY 2024-25
+10%2024–2025
114-3% 12 mo to Jan 2021LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Provider of sales incentive compensation management platform and managed services

Sales force automation
₹20.37 crFY 2022-23
+74%2022–2023
85+38% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Insurance suite solutions

Insurance it
₹19.31 crFY 2024-25
-19%2024–2025
300LinkedIn · Jul 2026
9 yr2017
1postings · last posted Aug 2026

Developer of software products for the global insurance industry

Insurance it
₹14.48 crFY 2024-25
+26%2024–2025
155+4% 12 mo to Aug 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jul 2026

Provider of AI-powered digital solutions for BFSI sales and operations

Insurance it
₹14.24 crFY 2024-25
-18%2024–2025
58-39% 12 mo to Feb 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

AI-based solution for automating claims processing and management for the health sector

Insurance it
₹12.10 crFY 2024-25
+44%2024–2025
145+30% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Software solutions for insurance and wealth management firms

Insurance it
₹9.28 crFY 2024-25
-51%2024–2025
376-13% 12 mo to Sep 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

CRM and insurance policy management solutions

Insurance it
₹5.65 crFY 2024-25
+28%2024–2025
83+41% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jun 2026

Provider of advanced risk analytics and data management solutions for the insurance industry

Marketingtech
₹5.40 crFY 2024-25
-65%2024–2025
11-67% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Sep 2025

Provider of technology and infrastructure for employee benefits and embedded insurance

Insurance it
₹5.25 crFY 2024-25
+86%2024–2025
57+44% 12 mo to Aug 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jul 2026

Cloud-based insurance product distribution and sales solutions for the insurance industry

Insurance it
₹4.59 crFY 2024-25
-1%2024–2025
33+4% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Insurance processing and distribution management solution for the insurance industry

Insurance it
₹3.75 crFY 2024-25
+84%2024–2025
40+0% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

App-based customer relationship management platform for the insurance industry

Insurance it
₹3.35 crFY 2024-25
-13%2024–2025
—Not available
7 yr2019
0none in 3 months

Provider of AI-powered distribution management, demand forecasting, and customer loyalty tools

Big data analytics
₹2.88 crFY 2023-24
+45%2023–2024
26LinkedIn · Jul 2026
11 yr2015
0none in 3 months

SaaS-based pre-inspection platform for vechicle insurance companies

Insurance it
₹2.36 crFY 2024-25
Not reported
—Not available
11 yr2015
0none in 3 months

Practice management software for brokers

Insurance it
₹2.25 crFY 2024-25
-17%2024–2025
16LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of risk management framework support and technology for insurance

Insurance it
₹1.97 crFY 2024-25
+522%2024–2025
8LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Software for insurance advisors

Insurance it
₹1.61 crFY 2021-22
Not reported
48LinkedIn · Jul 2026
16 yr2010
0none in 3 months

B2B insurtech platform provider

Insurance it
₹1.53 crFY 2024-25
+663%2024–2025
29LinkedIn · Jul 2026
4 yr2022
0none in 3 months
39 of 65 companies shown here · the full list is on Radar
Fliar Radar

Explore all 65 insurance it companies in Maharashtra on Radar

This page shows the top 39. Radar has the complete, filterable list with contacts and live company signals.

Open insurance it in Maharashtra on Radar
  • Every company, not just 50All 65 insurance it companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore insurance IT companies in Maharashtra by what you are looking for

Find insurance IT companies in Maharashtra, including insurtech startups and insurance software providers. Compare insurance technology firms for policy administration, claims, CRM and risk management.

8 ways to explore insurance it in Maharashtra

Insurance software & policy platformsInsurance CRM & sales force automationClaims processing & insurance automationRisk, compliance & analytics for insurersCustomer service software & chatbots for insuranceAuto & telematics insurance technology

Insurance software & policy platforms

Software suites and platforms for insurers, brokers and agents to sell and manage policies.

  1. CreditWise Capital

    Provider of loans and vehicle-related services via digital platforms

    Insurance it
    See in list
  2. C2L BIZ

    Software suite for the insurance industry

    Insurance it
    See in list
  3. Nvest

    Provider of API based applications for the insurance industry

    Insurance it
    See in list
  4. Coverstack

    Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions

    Insurance it
    See in list
  5. Riskcovry

    Provider of a platform for digital insurance distribution and management

    Insurance it
    See in list

Insurance CRM & sales force automation

CRM, sales incentive and distribution tools for insurance and BFSI teams.

  1. AccelTree

    Provider of proprietary digital platform for banking and insurance sector

    Insurance it
    See in list
  2. Herald Logic

    Provider of sales incentive compensation management platform and managed services

    Sales force automation
    See in list
  3. IorTa

    Provider of AI-powered digital solutions for BFSI sales and operations

    Insurance it
    See in list
  4. BankSight

    Customer engagement platform for banks

    Insurance it
    Website
  5. Advanced Risk Analytics

    Provider of advanced risk analytics and data management solutions for the insurance industry

    Marketingtech
    See in list

Claims processing & insurance automation

AI and process automation for claims handling and insurance operations.

  1. I3 Systems

    AI-based solution for automating claims processing and management for the health sector

    Insurance it
    See in list
  2. Impactsure

    Provider of AI development and data analytics services

    Customer service software
    Website
  3. Attributum

    Insurtech company offering insurance process automation

    Insurance it
    See in list
  4. i3systems

    Data Analytics, Machine Learning, Natural Language Processing, Insurance Underwriting, Insurance Fraud Detection, Diagnostics Intelligence

    Insurance it
    Website
  5. InforMED Global

    Provider of a communication solution for healthcare providers for consultation

    Insurance it
    Website

Risk, compliance & analytics for insurers

Risk management, regtech and data analytics tools for insurance companies.

  1. Advanced Risk Analytics

    Provider of advanced risk analytics and data management solutions for the insurance industry

    Marketingtech
    See in list
  2. Pentation Analytics

    Provider of AI-powered distribution management, demand forecasting, and customer loyalty tools

    Big data analytics
    See in list
  3. Nsurecredit

    Provider of risk management framework support and technology for insurance

    Insurance it
    See in list
  4. Impactsure

    Provider of AI development and data analytics services

    Customer service software
    Website
  5. Fintalk

    Offers AI powered chatbots for finanical advisors

    Regtech
    See in list

Customer service software & chatbots for insurance

Chatbots and customer engagement tools for insurers and advisors.

  1. Impactsure

    Provider of AI development and data analytics services

    Customer service software
    Website
  2. Fintalk

    Offers AI powered chatbots for finanical advisors

    Regtech
    See in list
  3. CUSTOMERNEXT

    AI based customer relationship management solutions for the insurance and banking industry

    Chatbots
    Website
  4. BankSight

    Customer engagement platform for banks

    Insurance it
    Website

Auto & telematics insurance technology

Vehicle telematics, usage-based and motor insurance technology.

  1. CreditWise Capital

    Provider of loans and vehicle-related services via digital platforms

    Insurance it
    See in list
  2. TradeReboot

    Trade finance solutions for businesses

    Insurance it
    See in list
  3. OFeX

    Provider of fleet and fuel management telematics solutions

    Insurance it
    See in list
  4. DrivSafe

    Provider of a smartphone-based app for auto insurers

    Road transport tech
    Website
  5. VahanCheck

    SaaS-based pre-inspection platform for vechicle insurance companies

    Insurance it
    See in list

Insurance IT startups in Maharashtra

Newer insurance IT and insurtech startups in Maharashtra.

  1. ValuEnable

    CRM and insurance policy management solutions

    Insurance it
    See in list
  2. Bharatsure

    Provider of technology and infrastructure for employee benefits and embedded insurance

    Insurance it
    See in list
  3. Nsurecredit

    Provider of risk management framework support and technology for insurance

    Insurance it
    See in list
  4. Alwrite

    B2B insurtech platform provider

    Insurance it
    See in list
  5. CoverSure

    Provider of insurance portfolio management, risk calculation, and advisory services

    Insurance it
    See in list
17 companies in Maharashtra

Insurance IT companies hiring in Maharashtra

Insurance IT companies in Maharashtra with open roles.

  1. C2L BIZ

    Software suite for the insurance industry

    Insurance it
    See in list
  2. Nvest

    Provider of API based applications for the insurance industry

    Insurance it
    See in list
  3. Coverstack

    Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions

    Insurance it
    See in list
  4. Riskcovry

    Provider of a platform for digital insurance distribution and management

    Insurance it
    See in list
  5. Symbo

    Provider of insurance products across various industries and business types

    Insurance it
    See in list
13 companies in Maharashtra
Mobile reach

Top 9 insurance it apps from Maharashtra

The most-installed Android apps published by insurance it companies headquartered in Maharashtra — 5.8M installs between them. 9 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 9
1

TurtlemintPro - Sell Insurance

by Mintpro

Installs5.1M
Rating4.036K ratings
Installs, year on year+19%
Last updatedJun 2026
View on Google Play ↗
TurtlemintPro - Sell Insurance screenshot 1TurtlemintPro - Sell Insurance screenshot 2TurtlemintPro - Sell Insurance screenshot 3TurtlemintPro - Sell Insurance screenshot 4TurtlemintPro - Sell Insurance screenshot 5TurtlemintPro - Sell Insurance screenshot 6
2

CoverSure: Insurance made easy

by CoverSure

Installs497K
Rating—
Last updatedJun 2026
View on Google Play ↗
CoverSure: Insurance made easy screenshot 1CoverSure: Insurance made easy screenshot 2CoverSure: Insurance made easy screenshot 3CoverSure: Insurance made easy screenshot 4CoverSure: Insurance made easy screenshot 5CoverSure: Insurance made easy screenshot 6
5

LeaderCare

by REEDOS

Installs6K
Rating—
Last updatedJun 2026
View on Google Play ↗
LeaderCare screenshot 1LeaderCare screenshot 2LeaderCare screenshot 3LeaderCare screenshot 4LeaderCare screenshot 5LeaderCare screenshot 6
7

InsureBox Insurance Agency App

by InsureBox

Installs283
Rating—
Last updatedJul 2025
View on Google Play ↗
InsureBox Insurance Agency App screenshot 1InsureBox Insurance Agency App screenshot 2InsureBox Insurance Agency App screenshot 3InsureBox Insurance Agency App screenshot 4InsureBox Insurance Agency App screenshot 5
9

VahanClaim CE

by VahanCheck

Installs3
Rating—
Last updatedAug 2022
View on Google Play ↗
VahanClaim CE screenshot 1VahanClaim CE screenshot 2VahanClaim CE screenshot 3VahanClaim CE screenshot 4VahanClaim CE screenshot 5
The business behind the activity

Insurance it financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 34 insurance it companies in Maharashtra for FY24-25 — 39 of the 65 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 71% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹374.29 cr

34 companies filing accounts

combined net profit−₹32.10 cr

-8.6% aggregate margin

are profitable59%

20 of 34 companies

median revenue~₹2.6 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five71%

revenue concentration

Six-year view

Combined revenue of filing companies

₹166.82 crFY19-2026 filers
₹177.94 crFY20-2129 filers
₹207.55 crFY21-2231 filers
₹271.35 crFY22-2335 filers
₹390.49 crFY23-2437 filers
₹374.29 crFY24-2534 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 31 companies over three years

+50%
FY22-23₹248.52 cr−₹51.24 cr net
FY23-24₹386.38 cr₹26.90 cr net
FY24-25₹372.50 cr−₹29.01 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1267% profitable
₹1–10 cr1346% profitable
₹10–100 cr862% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking14
0–20%4
20–50%5
50–100%4
Doubled+7

34 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

20profitable
14loss-making
-8.6%aggregate margin
2.4%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
CoverstackCOVERSTACK TECHNOLOGIES PRIVATE LIMITED+490%₹16.68 cr
RiskcovryUMBO IDTECH PRIVATE LIMITED+157%₹43.01 cr
I3 SystemsINTELLIGENT INDUSTRIAL INTERNET SYSTEMS PRIVATE LIMITED+44%₹12.10 cr
MetaMorphoSys TechnologiesMETAMORPHOSYS TECHNOLOGIES PRIVATE LIMITED+26%₹14.48 cr
CreditWise CapitalCREDIT WISE CAPITAL PRIVATE LIMITED+18%₹114.34 cr
AccelTreeACCELTREE SOFTWARE PRIVATE LIMITED+10%₹25.76 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
AccelTreeACCELTREE SOFTWARE PRIVATE LIMITED20.4%₹25.76 cr
C2L BIZC2L BIZ SOLUTIONS PRIVATE LIMITED14.7%₹62.02 cr
FynTuneFYN TUNE SOLUTION PRIVATE LIMITED13.0%₹19.31 cr
CreditWise CapitalCREDIT WISE CAPITAL PRIVATE LIMITED3.9%₹114.34 cr
IorTaIORTA TECHNOLOGY SOLUTIONS PRIVATE LIMITED2.2%₹14.24 cr
MetaMorphoSys TechnologiesMETAMORPHOSYS TECHNOLOGIES PRIVATE LIMITED0.2%₹14.48 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Insurance it31₹364.12 cr~₹2.4 cr58%-9.8%
Leaders

Largest insurance it companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
CreditWise CapitalCREDIT WISE CAPITAL PRIVATE LIMITED₹114.34 cr₹4.49 cr3.9%+18%
C2L BIZC2L BIZ SOLUTIONS PRIVATE LIMITED₹62.02 cr₹9.11 cr14.7%-49%
RiskcovryUMBO IDTECH PRIVATE LIMITED₹43.01 cr−₹18.70 cr-43.5%+157%
AccelTreeACCELTREE SOFTWARE PRIVATE LIMITED₹25.76 cr₹5.26 cr20.4%+10%
FynTuneFYN TUNE SOLUTION PRIVATE LIMITED₹19.31 cr₹2.51 cr13.0%-19%
CoverstackCOVERSTACK TECHNOLOGIES PRIVATE LIMITED₹16.68 cr−₹11.87 cr-71.2%+490%
MetaMorphoSys TechnologiesMETAMORPHOSYS TECHNOLOGIES PRIVATE LIMITED₹14.48 cr₹2.85 lakh0.2%+26%
IorTaIORTA TECHNOLOGY SOLUTIONS PRIVATE LIMITED₹14.24 cr₹31.81 lakh2.2%-18%
I3 SystemsINTELLIGENT INDUSTRIAL INTERNET SYSTEMS PRIVATE LIMITED₹12.10 cr−₹1.23 cr-10.1%+44%
Datacomp Web TechnologiesDATACOMP WEB TECHNOLOGIES (INDIA) PRIVATE LIMITED₹9.28 cr−₹3.13 cr-33.7%-51%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Insurance it funding and M&A across India

212 recorded equity rounds have gone to 300 insurance it companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$5.00m

equity rounds, last 24 months14

US$65.93m

raised over five yearsUS$477.54m

94 rounds in India

M&A deals, India9

last 24 months

Capital by year

Equity funding into insurance it in India

amount rounds
$33m201814
$60m201916
$14m202019
$60m202126
$179m202221
$80m202319
$120m202416
$33m202511
$5.0m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$179.39m across 21 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$1.90m13 rounds · median US$54k
SeedUS$61.97m60 rounds · median US$587k
Series AUS$79.17m13 rounds · median US$5.00m
Series BUS$31.00m2 rounds · median US$15.50m
Series CUS$155.62m2 rounds · median US$77.81m
Series D+US$147.88m4 rounds · median US$33.21m
Where the money went · five years

Most-funded sub-sectors

Insurance itUS$432.65m62 rounds · 25 companies
Road transport techUS$15.00m1 rounds · 1 companies
Healthcare payer techUS$11.95m4 rounds · 1 companies
Healthcare itUS$11.57m6 rounds · 2 companies
Banking techUS$1.66m9 rounds · 4 companies
Alternative lendingUS$1.49m2 rounds · 1 companies
Customer service softwareUS$1.02m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

8Acquisition
1Completed

Most active acquirers

  1. Perfios5
  2. Care.Fi1
  3. Na1
  4. Medi Assist Healthcare Services1
  5. Sapiens1

Most acquired or merged

  1. Aldun1
  2. Medi Assist Healthcare Services1
  3. Paramount Health Services & Insurance TPA Private Limited1
  4. Candela labs1
  5. IHX1

Each deal appears in the events strip at the top of the page.

Insurance it funding in Maharashtra

20 insurance it companies in Maharashtra have recorded equity funding, US$145.89m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind insurance it companies in Maharashtra. 46 of 65 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra insurance it companies by sub-sector

The most common specialisations among insurance it companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring insurance it in India and nearby markets.

Coming soon