A Early Revenue Startup in Finance Technology ( Insurance ) from India is looking to raise fund

BUSINESS BRIEF

We are a Digital, Consumer-Facing, Omni Channel, Insurance Broking Company already breaking even in the last quarter of FY 2019-20 with over 22000 unique customers mainly in health and life insurance. Having generated over 4.5 lacs qualified leads from over 25 lac, unique visitors, on our website. We have a lean staff strength of over 100 people and have collected a premium of over INR 32 crores till date. The premium for FY 2019-20 stands at 10.5 cr. and made a revenue of over Rs 3.4 cr. We have a growth trajectory of over 50% YoY in revenue and premium. The cost of revenue conversion has been bought down significantly from Rs 2.1 spend generating Rs 1 revenue to Rs 1.55 in FY 2019-20. Our customer retention and renewal book will earn a revenue of over INR 1.5 cr, in FY 2020-21. We see massive opportunity is the Point of sales Person (POSP) to pursue the POSP we are looking to raise $ 1 mn. The proof of concept is already in place with over 1500 Digital partners (the company uses for its technology-enabled POSP's). In the year 2019-20 out of a total premium of Rs 10.4 cr approx 20% premium came from this new channel.

Founded Year:2015

Proposal

Funding Requirement USD 1 Mn
Funding Status I do not have any investment commitment
We are looking to raise funding for investment in technology and growing our B2B business.
Industry IconIndustry & Sub-Industry
Industry IconTechnology/Product/Service Offering insurance products distribution
StartUp Stage

Early Revenue

Business Segment Type

B2B, B2C

Technology Information

Product/Service Offering

insurance products distribution

Is your Technology Patented No

Financial Information

2017 (in INR) 2018 (in INR) 2019 (in INR) 2020 (in INR)
Sales 0 Mn 25 Mn 34 Mn 0 Mn
EBDITA N.D N.D N.D N.D
PAT N.D N.D N.D N.D
TANGIBLE NET WORTH N.D N.D N.D N.D
LONG TERM DEBT N.D N.D N.D N.D
TOTAL DEBT N.D N.D N.D N.D
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