Company lists
The Maharashtra edition · 2026

Internet first insurance platformscompanies in Maharashtra

Insurance comparison, digital insurers, insurance software, warranty & device protection, loans & investments and more: the companies building internet first insurance platforms in Maharashtra, with their founders, funding, team size and business models.

88 company profiles36 with reported revenue20 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent internet first insurance platforms business events in India

Funding, M&A, contract wins and launches involving 419 internet first insurance platforms companies in India, last 24 months: 13 M&A deals · 9 funding rounds · 4 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Raise financial services acquires GreenLife Insurance Broking

Raise Financial Services, the holding company of the stock trading platform Dhan, has recently acquired GreenLife Insurance Broking as part of its formal entry into the insurance…

Insurance
M&AAcquisition · Announced

Raise Financial acquires GreenLife Insurance

Raise Financial, parent of online stock broking platform Dhan, has acquired GreenLife Insurance, its third buyout in just over a year, marking its entry into insurance broking. The…

Insurance broking
Funding

Acko General Insurance

ACKO has raised $598 million — the highest among all funded InsurTech companies in India as of January 2026.

InsurTech
FundingQIP

Pb fintech

PB Fintech Ltd, the parent of Policybazaar, said on Monday that its board will meet on 5 February to consider raising capital through a qualified institutional placement (QIP) to fund…

M&AMerger · Announced

Go Digit General Insurance acquires Go Digit Infoworks Services

Go Digit General Insurance’s board has approved the amalgamation of its holding company, Go Digit Infoworks Services, into the listed entity.

IT Consulting
M&AAcquisition · Completed

Info edge acquires Pb fintech

Info Edge acquired an additional 6.47% stake in PB Fintech through an NCLT-approved amalgamation process

Fintech
M&AAcquisition · Announced

Girnar finserv acquires SeedsAI

Girnar Finserv Private Limited (GFPL), an affiliate of InsuranceDekho, today announced the acquisition of SeedsAI, a SaaS platform specializing in LLM orchestration and AI automation.

SaaS platform for LLM orchestration and AI automation
M&AAcquisition · Completed

Federal bank acquires Ageas federal life insurance

Federal Bank has acquired an additional 3,20,00,000 equity shares (4%) of Ageas Federal Life Insurance Company (AFLIC) from Ageas Insurance International NV at a price of Rs. 30.45 per…

Life insurance
LaunchReserve Pay

Navi

Navi announced two new UPI features today based on yesterday’s UPI product launches. Reserve Pay and EV Recharge via Banking Connect will now soon be featured on Navi’s app.

UPI Feature
M&AAcquisition · Announced

Pb fintech acquires Pensionbazaar.com

PB Fintech has acquired Pensionbazaar.com

FundingSecondary Transaction

Acko

The family office of cricketer MS Dhoni has invested in insurtech unicorn Acko, participating in a secondary transaction.

Investors Dhoni Family Office
InsurTech
FundingDebt funding

Navi technologies

Fintech unicorn Navi Technologies has secured ₹170 crore (approximately $20 million) through a debt funding round led by PhillipCapital, with participation from NDX Finserve, Arpee…

Investors Phillipcapital, NDX Finserve, Arpee Group, Ambit finvest
Fintech
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
M&AAcquisition · Announced

Central bank of india acquires Future Generali India Insurance

CBI has acquired 25.18% (twenty five point one eight percent) in FGILICL and 24.91% (twenty four point nine one percent) in FGIICL, through the corporate insolvency resolution process of…

Insurance
Funding

Renewbuy

Insurtech startup Renewbuy has raised $10 million (approx. ₹86 crore) in fresh funding from its existing investors, Apis Partners and 360 One (formerly IIFL Wealth), according to sources…

Insurtech
M&AMerger · Announced

Renewbuy acquires Insurancedekho

The fresh capital will strengthen operations and fuel expansion as the company advances its proposed merger with InsuranceDekho, a deal that could value Renewbuy at $300–350 million.

LaunchLife Insurance

Quickinsure

Quickinsure, a digital-first insurance broker, has announced two key initiatives aimed at expanding insurance access across India: the addition of life insurance to its growing product…

Insurance
FundingStrategic funding round

Insurance samadhan

Insurance Samadhan, an insurance grievance redressal platform, has raised INR 8.5 crore in a strategic funding round.

Investors Strategic family offices
Insurance
M&AAcquisition · Rumored

Lic india acquires Manipalcigna health insurance

New Delhi, April 1: The Life Insurance Corporation of India’s (LIC) potential acquisition of a 40-49 per cent stake in ManipalCigna Health Insurance could reshape the health insurance…

Health Insurance
FundingSeries D3

Servify

Mumbai-based post-sales service platform Servify, operated by Service Lee Technologies, has secured INR 66.27 crore (approximately USD 7.8 million) in its ongoing Series D funding round.…

Investors BEENEXT Capital, Singularity Growth Opportunities Fund
After-sales service
LaunchFinhaat Wealth

Finhaat

Finhaat, the fast-growing financial product delivery platform, has now rolled out a tech-driven platform called Finhaat Wealth designed to bring wealth management for distributors and…

Wealth Management Platform

Internet first insurance platforms companies in Maharashtra, by revenue

Browse internet first insurance platforms companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 36 companies below are the largest by their most recent reported revenue among 36 internet first insurance platforms 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 36

AI powered product lifecycle management platform

Consumer electronics e-commerce
₹786.91 crFY 2024-25
Not reported
532-5% 12 mo to Jul 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of platform for comparing and purchasing insurance, loans, and funds

Internet first insurance platforms
₹693.21 crFY 2024-25
+482%2024–2025
2,608-16% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of doorstep repair and maintenance services for electronic devices and home appliances

Internet first insurance platforms
₹677.18 crFY 2024-25
+183%2024–2025
799-3% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
6postings · last posted Sep 2026

Provider of protection plans and repair services for electronic devices

Consumer electronics e-commerce
₹633.45 crFY 2024-25
+18%2024–2025
719-9% 12 mo to Feb 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Online platform for insurance comparison

Internet first insurance platforms
₹279.96 crFY 2024-25
+28%2024–2025
619-22% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
7postings · last posted Sep 2026

Platform offering insurance products and services

Internet first insurance platforms
₹137.51 crFY 2024-25
+18%2024–2025
4-76% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of loans and vehicle-related services via digital platforms

Insurance it
₹127.25 crFY 2024-25
+15%2024–2025
248+8% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of platform to compare and buy insurance policies online

Auto e-commerce & content
₹119.99 crFY 2024-25
+37%2024–2025
257+88% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jan 2025

Online comparison and management platform for insurance policies

Internet first insurance platforms
₹109.20 crFY 2024-25
+16%2024–2025
529+4% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
2postings · last posted Sep 2026

Insurance Repository

Internet first insurance platforms
₹101.71 crFY 2024-25
+8%2024–2025
125-2% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Health insurance platform for individuals

Internet first insurance platforms
₹87.19 crFY 2022-23
+1691%2022–2023
228-75% 12 mo to Apr 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of platform to compare and purchase various insurance policies online

Internet first insurance platforms
₹61.63 crFY 2024-25
+325%2024–2025
499+72% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
2postings · last posted Aug 2026

Insurance comparison broker

Internet first insurance platforms
₹37.02 crFY 2024-25
-38%2024–2025
32+55% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Provider of a B2B platform for financial product distribution

Internet first insurance platforms
₹34.59 crFY 2024-25
+30%2024–2025
91+525% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jul 2026

Provider of diversified insurance solutions

Internet first insurance platforms
₹29.24 crFY 2024-25
+591%2024–2025
20LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Jun 2026

Provider of financial services

Internet first insurance platforms
₹22.87 crFY 2024-25
-54%2024–2025
12LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online insurance comparison platform for individuals

Internet first insurance platforms
₹20.11 crFY 2024-25
+10%2024–2025
63LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Online insurance comparison platform

Internet first insurance platforms
₹12.81 crFY 2024-25
+47%2024–2025
105-10% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Comparison platform for insurance products

Internet first insurance platforms
₹11.15 crFY 2021-22
Not reported
59-31% 12 mo to Sep 2024recorded Sep 2024
12 yr2014
0none in 3 months

Health insurance claims support solutions for insurance holders, hospitals, and insurance agents

Internet first insurance platforms
₹6.16 crFY 2024-25
-26%2024–2025
126+26% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Web based insurance repository

Internet first insurance platforms
₹4.23 crFY 2024-25
+10%2024–2025
—Not available
15 yr2011
0none in 3 months

Provider of jewellery insurance and financial services

Internet first insurance platforms
₹3.34 crFY 2024-25
+56%2024–2025
4LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of AI-powered investment and financial advisory services and related products

Investment tech
₹2.46 crFY 2024-25
-39%2024–2025
52+0% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
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

Provider of health insurance services

Internet first insurance platforms
₹2.11 crFY 2024-25
-82%2024–2025
7LinkedIn · Jul 2026
6 yr2020
0none in 3 months
36 of 88 companies shown here · the full list is on Radar
Fliar Radar

Explore all 88 internet first insurance platforms companies in Maharashtra on Radar

This page shows the top 36. Radar has the complete, filterable list with contacts and live company signals.

Open internet first insurance platforms in Maharashtra on Radar
  • Every company, not just 50All 88 internet first insurance platforms 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.
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Explore internet first insurance platforms companies in Maharashtra by what you are looking for

Browse internet first insurance platforms in Maharashtra, from insurance comparison sites to digital insurers and warranty providers. See insurtech startups in Maharashtra and companies that are hiring.

7 ways to explore internet first insurance platforms in Maharashtra

Insurance comparison & buying platformsInternet-first insurersInsurance software, telematics & usage-based insuranceDevice protection, warranty & repair platformsLoan comparison, wealth & investment platformsInternet first insurance startups in Maharashtra

Insurance comparison & buying platforms

Online platforms to compare and buy insurance policies and other financial products.

  1. Turtlemint

    Provider of platform for comparing and purchasing insurance, loans, and funds

    Internet first insurance platforms
    See in list
  2. PolicyBoss

    Online platform for insurance comparison

    Internet first insurance platforms
    See in list
  3. Policyworld

    Platform offering insurance products and services

    Internet first insurance platforms
    See in list
  4. QuickInsure

    Provider of platform to compare and buy insurance policies online

    Auto e-commerce & content
    See in list
  5. NSDL National Insurance Repository

    Insurance Repository

    Internet first insurance platforms
    See in list

Internet-first insurers

Digital-first insurers offering policies online, including health and employee cover.

  1. Onsitego

    Provider of doorstep repair and maintenance services for electronic devices and home appliances

    Internet first insurance platforms
    See in list
  2. CreditWise Capital

    Provider of loans and vehicle-related services via digital platforms

    Insurance it
    See in list
  3. Kenko Health

    Health insurance platform for individuals

    Internet first insurance platforms
    See in list
  4. Bima Garage

    Health insurance claims support solutions for insurance holders, hospitals, and insurance agents

    Internet first insurance platforms
    See in list
  5. O Locker

    Provider of jewellery insurance and financial services

    Internet first insurance platforms
    See in list

Insurance software, telematics & usage-based insurance

Software and telematics tools for insurers, including usage-based auto insurance.

  1. CreditWise Capital

    Provider of loans and vehicle-related services via digital platforms

    Insurance it
    See in list
  2. Bima Garage

    Health insurance claims support solutions for insurance holders, hospitals, and insurance agents

    Internet first insurance platforms
    See in list
  3. VahanCheck

    SaaS-based pre-inspection platform for vechicle insurance companies

    Insurance it
    See in list
  4. eWarranty Solutions

    Provider of digital warranty solutions for products and services

    Internet first insurance platforms
    See in list
  5. OFeX

    Provider of fleet and fuel management telematics solutions

    Insurance it
    See in list

Device protection, warranty & repair platforms

Extended warranty, protection plans and repair services for consumer electronics.

  1. Servify

    AI powered product lifecycle management platform

    Consumer electronics e-commerce
    See in list
  2. Onsitego

    Provider of doorstep repair and maintenance services for electronic devices and home appliances

    Internet first insurance platforms
    See in list
  3. GoWarranty

    Extended warranty platform for consumer electronics

    Consumer electronics e-commerce
    See in list
  4. FoneX

    Online consumer electronics insurance platform for individuals

    Internet first insurance platforms
    Website
  5. Quick Heal Gadget Securance

    Mobile Security & Insurance

    Internet first insurance platforms
    Website

Loan comparison, wealth & investment platforms

Platforms for comparing loans, planning finances and investing.

  1. CreditWise Capital

    Provider of loans and vehicle-related services via digital platforms

    Insurance it
    See in list
  2. Finhaat

    Provider of a B2B platform for financial product distribution

    Internet first insurance platforms
    See in list
  3. Sabkasaathi

    Comparison platform for consumer loans

    Internet first insurance platforms
    Website
  4. 5 nce

    Provider of AI-powered investment and financial advisory services and related products

    Investment tech
    See in list
  5. Volo Health

    Simplifying healthcare access and payments

    Hrtech
    See in list

Internet first insurance startups in Maharashtra

Recently founded internet first insurance platforms in Maharashtra.

  1. Finhaat

    Provider of a B2B platform for financial product distribution

    Internet first insurance platforms
    See in list
  2. Sixth Sense Insurance

    Platform for buying insurance policies

    Internet first insurance platforms
    See in list
  3. insuremyteam

    InsureMyTeam is an insurance company that offers an employee insurance and wellness platform.

    Internet first insurers
    Website
  4. Kiwi Insurance

    Provider of digital-first insurance products including auto, home, health, and business

    Internet first insurance platforms
    Website
  5. Insuraksha

    Provider of platform to compare and purchase various insurance policies online

    Internet first insurance platforms
    Website
16 companies in Maharashtra

Internet first insurance platforms hiring in Maharashtra

Internet first insurance platforms in Maharashtra with open roles.

  1. Onsitego

    Provider of doorstep repair and maintenance services for electronic devices and home appliances

    Internet first insurance platforms
    See in list
  2. PolicyBoss

    Online platform for insurance comparison

    Internet first insurance platforms
    See in list
  3. QuickInsure

    Provider of platform to compare and buy insurance policies online

    Auto e-commerce & content
    See in list
  4. Insureefficient

    Insurance comparison broker

    Internet first insurance platforms
    See in list
  5. Finhaat

    Provider of a B2B platform for financial product distribution

    Internet first insurance platforms
    See in list
11 companies in Maharashtra
Mobile reach

Top 10 internet first insurance platforms apps from Maharashtra

The most-installed Android apps published by internet first insurance platforms companies headquartered in Maharashtra — 4.6M installs between them. 28 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

OneAssist: Protection+Warranty

by OneAssist

Installs2.8M
Rating4.574K ratings
Installs, year on year+30%
Last updatedMay 2026
View on Google Play ↗
OneAssist: Protection+Warranty screenshot 1OneAssist: Protection+Warranty screenshot 2OneAssist: Protection+Warranty screenshot 3OneAssist: Protection+Warranty screenshot 4OneAssist: Protection+Warranty screenshot 5OneAssist: Protection+Warranty screenshot 6
2

Onsitego - Repair & Service

by Onsitego

Installs497K
Rating—
Installs, year on year+57%
Last updatedMar 2026
View on Google Play ↗
Onsitego - Repair & Service screenshot 1Onsitego - Repair & Service screenshot 2Onsitego - Repair & Service screenshot 3Onsitego - Repair & Service screenshot 4Onsitego - Repair & Service screenshot 5Onsitego - Repair & Service screenshot 6
5

Quickinsure

by QuickInsure

Installs216K
Rating5.03K ratings
Last updatedJun 2026
View on Google Play ↗
Quickinsure screenshot 1Quickinsure screenshot 2Quickinsure screenshot 3Quickinsure screenshot 4Quickinsure screenshot 5Quickinsure screenshot 6
7

OneInsure: Your Insurance App

by OneInsure

Installs147K
Rating—
Last updatedOct 2024
View on Google Play ↗
OneInsure: Your Insurance App screenshot 1OneInsure: Your Insurance App screenshot 2OneInsure: Your Insurance App screenshot 3OneInsure: Your Insurance App screenshot 4OneInsure: Your Insurance App screenshot 5OneInsure: Your Insurance App screenshot 6
8

5nance - Wealth Management

by 5 nce

Installs81K
Rating—
Last updatedMar 2026
View on Google Play ↗
5nance - Wealth Management screenshot 15nance - Wealth Management screenshot 25nance - Wealth Management screenshot 35nance - Wealth Management screenshot 45nance - Wealth Management screenshot 55nance - Wealth Management screenshot 6
9

PolicyBoss Pro

by PolicyBoss

Installs59K
Rating—
Last updatedMay 2026
View on Google Play ↗
PolicyBoss Pro screenshot 1PolicyBoss Pro screenshot 2PolicyBoss Pro screenshot 3PolicyBoss Pro screenshot 4PolicyBoss Pro screenshot 5PolicyBoss Pro screenshot 6
The business behind the activity

Internet first insurance platforms financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 29 internet first insurance platforms companies in Maharashtra for FY24-25 — 37 of the 88 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 75% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹2,075.46 cr

29 companies filing accounts

combined net profit−₹52.06 cr

-2.5% aggregate margin

are profitable48%

14 of 29 companies

median revenue~₹6.2 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five75%

revenue concentration

Six-year view

Combined revenue of filing companies

₹558.68 crFY19-2023 filers
₹655.83 crFY20-2126 filers
₹1,036.86 crFY21-2230 filers
₹1,887.90 crFY22-2332 filers
₹1,966.96 crFY23-2431 filers
₹2,075.46 crFY24-2529 filers

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

Like-for-like

The same 28 companies over three years

+59%
FY22-23₹1,302.51 cr−₹279.31 cr net
FY23-24₹1,796.38 cr−₹234.95 cr net
FY24-25₹2,075.34 cr−₹51.78 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 cr560% profitable
₹1–10 cr1127% profitable
₹10–100 cr5100% profitable
₹100–1,000 cr838% 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

Shrinking11
0–20%8
20–50%3
50–100%1
Doubled+6

29 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

14profitable
15loss-making
-2.5%aggregate margin
-0.8%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
BeWealthy Consultants.BEWEALTHY CONSULTANTS PRIVATE LIMITED+591%₹29.24 cr
Coverfox InsuranceCOVERFOX INSURANCE BROKING PRIVATE LIMITED+325%₹61.63 cr
Symbo India Insurance BrokingSYMBO INDIA INSURANCE BROKING PRIVATE LIMITED+47%₹12.81 cr
QuickInsureQUICKINSURE INSURANCE BROKERS PRIVATE LIMITED+37%₹119.99 cr
PolicyBossLANDMARK INSURANCE BROKERS PRIVATE LIMITED+28%₹279.96 cr
CreditWise CapitalCREDIT WISE CAPITAL PRIVATE LIMITED+18%₹114.34 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Symbo India Insurance BrokingSYMBO INDIA INSURANCE BROKING PRIVATE LIMITED37.0%₹12.81 cr
NSDL National Insurance RepositoryNSDL DATABASE MANAGEMENT LIMITED35.0%₹101.71 cr
ShiftRiskSHIFT RISK INSURANCE BROKERS LIMITED6.7%₹20.11 cr
InsureefficientEfficient Insurance Brokers Private Limited4.6%₹37.02 cr
BeWealthy Consultants.BEWEALTHY CONSULTANTS PRIVATE LIMITED4.2%₹29.24 cr
CreditWise CapitalCREDIT WISE CAPITAL PRIVATE LIMITED3.9%₹114.34 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Internet first insurance platforms21₹958.25 cr~₹6.2 cr48%-0.9%
Leaders

Largest internet first insurance platforms companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
OneAssistONEASSIST CONSUMER SOLUTIONS PRIVATE LIMITED₹517.61 cr₹3.56 cr0.7%+17%
ServifySERVICE LEE TECHNOLOGIES PRIVATE LIMITED₹360.38 cr−₹43.72 cr-12.1%-5%
PolicyBossLANDMARK INSURANCE BROKERS PRIVATE LIMITED₹279.96 cr−₹30.28 cr-10.8%+28%
OnsitegoONSITE ELECTRO SERVICES PRIVATE LIMITED₹278.06 cr−₹10.63 cr-3.8%+16%
QuickInsureQUICKINSURE INSURANCE BROKERS PRIVATE LIMITED₹119.99 cr−₹92.86 lakh-0.8%+37%
CreditWise CapitalCREDIT WISE CAPITAL PRIVATE LIMITED₹114.34 cr₹4.49 cr3.9%+18%
OneInsureROBINHOOD INSURANCE BROKER LIMITED₹109.20 cr−₹3.25 cr-3.0%+16%
NSDL National Insurance RepositoryNSDL DATABASE MANAGEMENT LIMITED₹101.71 cr₹35.57 cr35.0%+8%
Coverfox InsuranceCOVERFOX INSURANCE BROKING PRIVATE LIMITED₹61.63 cr₹71.38 lakh1.2%+325%
InsureefficientEfficient Insurance Brokers Private Limited₹37.02 cr₹1.71 cr4.6%-38%
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

Internet first insurance platforms funding and M&A across India

260 recorded equity rounds have gone to 419 internet first insurance platforms 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 months4

US$31.82m

equity rounds, last 24 months24

US$235.37m

raised over five yearsUS$1.87bn

124 rounds in India

M&A deals, India13

last 24 months

Capital by year

Equity funding into internet first insurance platforms in India

amount rounds
$134m201816
$308m201923
$737m202025
$718m202139
$391m202222
$470m202324
$53m202415
$235m202523
$020261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2020, with US$736.79m across 25 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$6.67m13 rounds · median US$162k
SeedUS$68.96m50 rounds · median US$700k
Series AUS$398.97m20 rounds · median US$5.00m
Series BUS$133.26m9 rounds · median US$11.85m
Series CUS$383.80m11 rounds · median US$14.25m
Series D+US$876.53m20 rounds · median US$18.33m
Where the money went · five years

Most-funded sub-sectors

Internet first insurance platformsUS$1.06bn67 rounds · 32 companies
Auto e-commerce & contentUS$400.36m9 rounds · 3 companies
Consumer electronics e-commerceUS$158.72m10 rounds · 2 companies
Insurance distributionUS$117.35m7 rounds · 1 companies
Healthcare payer techUS$84.43m9 rounds · 2 companies
Insurance itUS$37.75m8 rounds · 3 companies
Crop techUS$9.08m4 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

11Acquisition
2Merger

Most active acquirers

  1. Federal bank2
  2. Life insurance corporation of india2
  3. Raise financial services1
  4. Raise Financial1
  5. Go Digit General Insurance1

Most acquired or merged

  1. Manipalcigna health insurance3
  2. Ageas federal life insurance2
  3. GreenLife Insurance Broking1
  4. GreenLife Insurance1
  5. Go Digit Infoworks Services1

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

Internet first insurance platforms funding in Maharashtra

20 internet first insurance platforms companies in Maharashtra have recorded equity funding, US$648.43m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind internet first insurance platforms companies in Maharashtra. 61 of 88 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring internet first insurance platforms in India and nearby markets.

Coming soon