Best Insurance IT Companies in Mumbai, India
The 42 best Insurance IT companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Coverstack.
Ranked: Best Insurance IT companies in Mumbai
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | CreditWise Capital Provider of loans and vehicle-related services via digital platforms 64News top 25%Growth top 35%Moat top 36%Product top 37% All 11 signals ▾Newstop 25% Growthtop 35% Moattop 36% Producttop 37% Talenttop 38% Innovationtop 39% Markettop 40% Fin. healthtop 43% Fundingtop 44% Techtop 48% Globalbottom 37% News: 6 BI events in 12 mo (of 8 tracked, 2 types) · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo Growth: Headcount 440 → 476 (+8%) across vintages · Revenue +15% YoY rank vs industry peers · Fliar Intelligence Index 64/100 | $15M FY2025 | $12M | +15% | 476 476 → 248 (-48%) · sector median +23% | Aalesh Avlani Co-Founder & Executive Director | WordPress Site EditorCart FunctionalityWordPress+20 | 1 partnership |
| 2 | C2L BIZ Software suite for the insurance industry | $10M FY2025 | $659K | -19% | 295 295 → 362 (+23%) · sector median +23% | Vijay Chavan Co-Founder and Executive Director | WordPressMySQLPHP+30 | — |
| 3 | Coverstack Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions | $7M FY2025 | $56M | — | 59 59 → 54 (-8%) · sector median +23% | Sanjib Jha CEO | WordPressMySQLPHP+20 | — |
| 4 | Riskcovry Provider of a platform for digital insurance distribution and management 76Growth top 27%Tech top 27%Moat top 27%Talent top 28% All 9 signals ▾Growthtop 27% Techtop 27% Moattop 27% Talenttop 28% Fundingtop 35% Markettop 40% Fin. healthtop 42% Globalbottom 39% Newsbottom 22% Growth: Headcount 101 → 121 (+20%) across vintages · Revenue +116% YoY Tech: 47 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 76/100 | $5M FY2025 | $14M | +116% | 121 121 → 137 (+13%) · sector median +23% | Suvendukumar Prusty Co-Founder | WordPressZohoMySQL+29 | 1 launch |
| 5 | AUDITime Risk compliance and regulatory solution provider | $5M FY2017 | — | +24% | 15 | Paresh Prafulchandra Desai Co-Founder & MD | — | — |
| 6 | AllinCall Research and Solutions AI enabled software solutions provider for banking and insurance industries | $5M FY2025 | $67K | -2% | 158 | Harshita Srivastava Co-Founder | Node.jsPythonCKEditor+17 | — |
| 7 | Symbo Provider of insurance products across various industries and business types | $4M FY2023 | $9M | +181% | 47 47 → 105 (+123%) · sector median +23% | Kartik Poddar Co-Founder & CBO | DrupalWordPressCart Functionality+32 | — |
| 8 | Arya.ai Provider of AI-powered platforms and APIs for financial services | $3M FY2025 | $2M | +29% | 52 52 → 85 (+63%) · sector median +23% | Deekshith Marla Co-Founder | WebflowZohoGSAP+14 | — |
| 9 | Tranzlease Online vehicle insurance platform for businesses | $3M FY2021 | — | -39% | — | Anindya Chakraborty Founder & Managing Director | — | — |
| 10 | Herald Logic Provider of sales incentive compensation management platform and managed services | $3M FY2023 | $220K | +74% | 188 | Rajesh Iyer Co-founder & Chief Executive Officer | UbuntuBootstrapApache HTTP Server+5 | — |
| 11 | FynTune Insurance suite solutions | $2M FY2025 | — | -19% | — | Devendra Batra Co-Founder & CEO | BootstrapApache HTTP ServerAOS+5 | 1 job opening |
| 12 | IorTa Provider of AI-powered digital solutions for BFSI sales and operations | $2M FY2025 | $188K | -18% | 140 | Himanshu Gupta Co-Founder & COO | Webflowcore-jsjQuery+11 | — |
| 13 | I3 Systems AI-based solution for automating claims processing and management for the health sector | $1M FY2025 | $4M | +44% | 26 | Varzavand Batliwala Co-Founder | Webflow EcommerceWebflowcore-js+8 | — |
| 14 | Datacomp Web Technologies Software solutions for insurance and wealth management firms | $1M FY2025 | — | -51% | 116 | Ajay Arora Founder & CEO | Windows ServerBootstrapMicrosoft ASP.NET+6 | — |
| 15 | BankSight Customer engagement platform for banks | $829K FY2018 | — | — | 541 | Eric Gerhardinger Co-Founder | — | — |
| 16 | ValuEnable CRM and insurance policy management solutions 42Growth top 30%Moat top 38%Talent top 45%Funding top 46% All 9 signals ▾Growthtop 30% Moattop 38% Talenttop 45% Fundingtop 46% Techtop 50% Productbottom 45% Marketbottom 34% Fin. healthbottom 34% Globalbottom 29% Growth: Headcount 54 → 76 (+41%) across vintages · Revenue +28% YoY Moat: Top 33% by revenue among 105 tracked Insurance IT companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 42/100 | $668K FY2025 | $1M | +28% | 76 76 → 83 (+9%) · sector median +23% | Satprem Mohanty Co-Founder | BootstrapAmazon Web ServicesCloudflare+14 | — |
| 17 | Bharatsure Provider of technology and infrastructure for employee benefits and embedded insurance 53Growth top 23%News top 36%Tech top 37%Talent top 38% All 9 signals ▾Growthtop 23% Newstop 36% Techtop 37% Talenttop 38% Moattop 41% Fundingtop 49% Fin. healthbottom 45% Marketbottom 38% Globalbottom 37% Growth: Revenue +86% YoY · Fresh capital in last 24 mo News: 2 BI events in 12 mo (of 9 tracked, 3 types) · Top themes: Funding rank vs industry peers · Fliar Intelligence Index 53/100 | $621K FY2025 | $2M | +86% | 23 23 → 57 (+148%) · sector median +23% | Sanil Basutkar Co-Founder & Head of Product & Marketing | WordPressZohoMySQL+24 | — |
| 18 | Exegesis Infotech Cloud-based insurance product distribution and sales solutions for the insurance industry | $543K FY2025 | $100K | -1% | 48 | Vinod Kumar Founder & Director | Windows ServerMicrosoft ASP.NETBootstrap+7 | — |
| 19 | Assurekit Insurance processing and distribution management solution for the insurance industry | $444K FY2025 | $6M | +84% | 21 21 → 40 (+90%) · sector median +23% | Adarsh Chokhani Co-Founder & CEO | Framer SitesReactMicrosoft Clarity+8 | — |
| 20 | Pentation Analytics Provider of AI-powered distribution management, demand forecasting, and customer loyalty tools | $348K FY2024 | $547K | +45% | 175 | Pradip Shah Co-Founder | anime.jsparticles.jsUbuntu+17 | — |
| 21 | VahanCheck SaaS-based pre-inspection platform for vechicle insurance companies | $279K FY2025 | — | — | — | Shrikrishna Nikam Co-Founder | — | — |
| 22 | Nsurecredit Provider of risk management framework support and technology for insurance | $233K FY2025 | — | +522% | — | — | — | — |
| 23 | Dgflick Software for insurance advisors | $216K FY2022 | — | — | — | Prasad Parulekar Managing Director | — | — |
| 24 | Alwrite B2B insurtech platform provider | $181K FY2025 | $1M | +663% | — | Aditya Dadia Founder | WordPressMySQLPHP+28 | — |
Top 12 Insurance IT companies in Mumbai
#1
Seed · Mumbai, Maharashtra · founded 2021 · 76 employees$1.1Mraised▾
CRM and insurance policy management solutions. The platform offers customized customer retention tools and designs optimal solutions for life insurers and their customers. It offers an end-to-end digital policy loan marketplace enabling users to connect and support the policy loan issuance process from an external lender. It also offers a beneficial alternative in the form of policy assignments to the policyholder.
- May 2026Grant (prize money)—
- Jul 2024Angel$59.8K
- Jul 2023Seed$665.9K
- Nov 2022Angel$404.1K
#2
Series A · Mumbai, Maharashtra · founded 2019 · 476 employees$11.9Mraised▾
Provider of loans and vehicle-related services via digital platforms. It offers loan options for two-wheelers and personal needs, alongside health, motor, and life insurance products. It also provides vehicle servicing with pickup and delivery, plus roadside assistance. The company utilizes digital lending, underwriting, and collection methods.
- May 2025Series A$23.3M
- Jun 2024Angel$23.9K
- Nov 2023Seed$2.6M
- Sep 2021Seed$4.4M
#3
Seed · Mumbai, Maharashtra · founded 2021 · 23 employees$2.4Mraised▾
Provider of technology and infrastructure for employee benefits and embedded insurance. It offers of full stack infrastructure for selling insurance targeted at brokers, agents, and B2B institutions. The platform manages insurance accessibility for sectors, including gig workers, students, and digital users. Its insurance categories include health and personal accident insurance, student health insurance, cybersecurity insurance, and more. It offers a suite of APIs capabilities to enable embedded insurance and healthcare offerings on third-party platforms. Features include dashboard analytics, data integration and analysis, managing revenues, and employee benefits, and more.
- Oct 2024Seed$870.5K
- Nov 2023Seed$1M
- Feb 2022Seed$1.2M
- May 2021Seed$176.6K
#4
Series A · Mumbai, Maharashtra · founded 2018 · 121 employees$14.4Mraised▾
Provider of a platform for digital insurance distribution and management. The platform offers tools for managing the insurance lifecycle, including purchase, management, and claims. It provides a unified application programming interface for integrating with multiple insurers and products. The platform supports assisted, embedded, and direct insurance distribution channels.
- Jan 2024Series A$4.5M
- Jun 2023Series A$3.1M
- Mar 2021Series A$5.3M
- Apr 2020Seed$1.2M
#5
Series A · Mumbai, Maharashtra · founded 2010 · 59 employees$55.6Mraised▾
Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions. The platform helps non-banking financial institutions digitize their services, supports BFSI companies, aids companies in resource acquisition and transportation, provides tech support etc
- Dec 2019Angel$988.4K
- Nov 2018Series A$16.6M
- Jan 2018Series A$14.8M
- Dec 2016Seed$7.4M
#6
Series A · Mumbai, Maharashtra · founded 2019 · 21 employees$6Mraised▾
Insurance processing and distribution management solution for the insurance industry. It offers solutions for insurance process management, ledger management, product development, O2O lifecycle management, and more. It also has distribution solutions for auto insurance, health insurance, and more.
- Apr 2022Series A$4.9M
- Nov 2020Seed$1.1M
- Jan 2020Angel$51K
#7
Series A · Mumbai, Maharashtra · founded 2017 · 47 employees$9.4Mraised▾
Provider of insurance products across various industries and business types. The company offers relevant and comprehensive protection plans for customers at the point of purchase. It delivers coverage plans to ensure customers are protected. The business helps other businesses design and sell insurance with cloud-based technology.
- Mar 2021Series A$9.4M
#8
Seed · Mumbai, Maharashtra · founded 2016 · 26 employees$4Mraised▾
AI-based solution for automating claims processing and management for the health sector. The company provides its own proprietary platform, RPA tools, and pre-trained AI models for document-centric business processes.
- Sep 2020Seed$1.5M
- Nov 2019Seed$1.5M
- Jan 2017Seed$1M
#9
Seed · Mumbai, Maharashtra · founded 2022$1.2Mraised▾
B2B insurtech platform provider. It offers a quote procurement and placement, underwriting, and user management platform for insurance providers.
- Feb 2023Seed$1.2M
#10
Acquired · Mumbai, Maharashtra · founded 2013 · 52 employees$2.3Mraised▾
Provider of AI-powered platforms and APIs for financial services. It offers solutions for cash flow forecasting, intelligent document processing, AI-driven onboarding, and audio intelligence. The company's products include an AI API platform, a secure API gateway, and an AI agent orchestration platform. The company focuses on streamlining operations, enhancing security, and driving data-critical decisions through autonomous finance applications.
- May 2020Seed$533.6K
- Jan 2020Angel$182.1K
- May 2018Seed$331.2K
- Jul 2017Seed$195.3K
#11
Seed · Mumbai, Maharashtra · founded 2019 · 53 employees$1Mraised▾
Provider of AI development and data analytics services. Its other services includes cloud, BI, digital transformation, robotic process automation, document processing, and other technical services. The company's products can be implemented easily for complex documentary workflows in the corporate sector, corporate banking, transaction banking, trade finance, financial institutions, stock exchanges, insurance, and logistics providers.
- Jan 2022Seed$1M
#12
Seed · Mumbai, Maharashtra · founded 2019$588.2Kraised▾
AI based solutions for the acquisition of financial services. It provides wealth management solutions. It leverages AI and ML data models that help financial services in customer acquisition and generate leads.
- Apr 2022Seed$19.9K
- Jul 2021Seed$402.7K
- Jun 2020Seed$165.6K
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.