India-based Insurance web aggregator dealing in Auto,2 Wheeler, and Health Life Insurance is looking to sell out.
Posted By - Investment Banker
Posted date - 06/10/2022
BUSINESS BRIEF
It is an online insurance web aggregator where one can compare the Insurance quotes from all insurance companies at one place. It has partnerships with over 40 well-known insurance companies in General and Life insurance.
It provides Insurance comparison from over 40 carriers in 4 lines of business:
- Auto
- 2 Wheeler
- Health
- Life Insurance
Current model:
- B2C Commission revenue
Auto insurance-19.5% commission on Own Damage Premium
Health & Life insurance- 25% commission
Future model:
- B2B/ B2C/ POS Model
Operational Highlights:
- 561,250 Unique users assisted
- 93,351 Insurance policies sold
- Aggregate premium ( In INR Crores)
2019: 17
2020: 22
2021: 35 - Key Value drivers:
-Smart Technology
-Pioneers of Un-assisted sales
-100k+ paying customers
-40%+ year on year growth - Operating Industry verticals:
-Motor Insurance
-Health Insurance
-Travel Insurance
-Property Insurance
-Fire Insurance
-Term life
-Unit Linked Insurance Plans
-Pension plans
-Money back policies
Customer Base:
2019: 16,000
2020: 23,000
2021: 35,000
Proposal
Industry
Financial Services
Sub Industry
Insurance
Deal Size
INR 70 - 80 Cr
Motives For Sellout
Strategic Realignment
Management is open to continue with the business for handholding the new investor/buyers
Business Operation Information
Industry
Financial Services
Sub-Industry
Insurance
Division
Division`s Buyers/Customers
Division`s Products/Services
Financial Information |
2019 (in Cr) | 2020 (in Cr) | 2021 (in Cr) | 2022 (in Cr) |
|---|---|---|---|---|
Sales |
INR 1.5 Cr | INR 1.5 Cr | INR 1.7 Cr | N.D |
EBITDA |
N.D | N.D | N.D | N.D |
PAT |
N.D | N.D | N.D | N.D |
TOTAL DEBT |
N.D | N.D | N.D | N.D |
