Investment Opportunities invest in Finance / Insurance Startup in Insurance looking to fund raising at MergerDomo | SRF1V337
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A Early Revenue Startup in Finance Technology (Insurance) from India is looking to raise fund

Posted By - Startup

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
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Capital Requirement

INR 7.5 Cr

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Funding Status

I do not have any investment commitment

We are looking to raise funding for investment in technology and growing our B2B business.

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Industry & Sub-Industry

Finance / Insurance (1)

Insurance

Technology/Product/Service Offering

insurance products distribution

StartUp Stage

Early Revenue

Business Segment Type

B2B, B2C

Proposal

Product/Service Offering

insurance products distribution

Is your Technology Patented

No

Financial Information
2017 (in Cr) 2018 (in Cr) 2019 (in Cr) 2020 (in Cr)
Sales N.D INR 2.5 Cr INR 3.4 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
CONTACT BUSINESS

If you are interested to connect with this party, please send an Expression of Interest and receive a pitch deck to take this opportunity further.

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Business Document

Business Document