Insurtech startup Bharatsure has raised ₹6 crore in a funding round led by Inflection Point Ventures (IPV), with additional participation from Capital A and Atrium Angels.
The startup aims to scale its Infrastructure-as-a-Service (IaaS) platform and expand embedded and group insurance offerings across India, targeting businesses, SMEs, and partner-led ecosystems.
Founded by Anuj Parekh and Sanil Basutkar in 2021, Bharatsure provides modular insurance solutions that can be directly integrated into platforms. The IaaS model supports organizations in delivering scalable employee benefits, group health covers, and wellness solutions. Revenue is driven by policy distribution, premium commissions, and value-added insurtech services.
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The company claims to have covered 2,00,000+ lives, processed over 10,000 claims, and doubled revenue in FY25. Operating across 50 cities with 1,500+ stations and 70,000 drivers, Bharatsure reports a 4.9/5 Google rating and aims to reach ₹100 Cr in revenue by FY28.
The startup recently partnered with Battery Smart, an EV battery-swapping network, to launch natural calamity insurance for station partners. The product offers protection against fires, floods, earthquakes, and personal accidents.
Bharatsure competes with other players in the insurtech space like SecureNow, BimaKavach, and Pazcare.