InsurTech

Insurtech Startup Bharatsure Raises ₹6 Cr in Funding Round Led by Inflection Point Ventures

• ByStartupStory     |    July 25, 2025

Bharatsure, a Mumbai-based insurtech startup offering Infrastructure-as-a-Service (IaaS) for insurance, has raised ₹6 crore in a funding round led by Inflection Point Ventures (IPV). The round also saw participation from Capital A and Atrium Angels.

The startup plans to utilize the fresh capital to expand its embedded and group insurance offerings, enhance its tech infrastructure, and scale its operations across India.

Founded by Anuj Parekh and Sanil Basutkar, Bharatsure enables businesses, SMEs, and ecosystem partners to integrate modular, group insurance products into their platforms. Through its IaaS model, the company provides insurance distribution infrastructure, employee benefits, and wellness solutions, earning revenue via policy distribution, premium commissions, and value-added insurtech services.

“Insurance penetration in India is still very low, especially when it comes to group and embedded insurance. We are building the rails that allow businesses to plug and play insurance offerings at scale,” said Anuj Parekh, Co-founder and CEO of Bharatsure.

Bharatsure has partnered with over 1,500 stations and 70,000 drivers across 50 cities, claiming to have covered over 2,00,000 lives and processed 10,000 claims. It boasts a strong user satisfaction rate with a 4.9/5 rating on Google.

The startup reported doubling its revenue in FY25, achieving CM3-level profitability, and is now targeting ₹100 crore in revenue by FY28. Bharatsure’s recent collaboration with Battery Smart, an EV battery-swapping network, introduced natural calamity insurance for station partners—covering risks like fire, floods, earthquakes, and personal accidents.

The company operates in a fast-growing insurtech market and competes with other players such as SecureNow, BimaKavach, and Pazcare.

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