Team Startupcity

• Bharatsure raised Rs 6 crore in a round led by Inflection Point Ventures to scale operations.
• Plans to enhance its IaaS platform and expand embedded insurance services across India.
• Operating in 50 cities, it has insured 2 lakh+ people, processed 10K claims, and aims for Rs 100 crore revenue by FY28.

Bharatsure, an emerging insurtech company offering Infrastructure-as-a-Service (IaaS) for insurance distribution, has raised Rs 6 crore in a fresh funding round led by Inflection Point Ventures (IPV). Capital A and Atrium Angels also participated in the round. The company plans to use the capital to bolster its tech platform and expand operations across the country.

Founded by Anuj Parekh and Sanil Basutkar, Bharatsure empowers businesses and platforms to seamlessly embed insurance offerings into their existing services. It primarily focuses on group insurance and embedded insurance solutions for small and medium enterprises (SMEs), enabling them to offer employee benefits like health care, accident cover, and wellness services without building their own insurance infrastructure.

The company generates revenue through insurance policy distribution, commissions on sold premiums, and a suite of value-added services offered via its proprietary platform.

Bharatsure has already made significant strides in operations, expanding to 50 cities and establishing partnerships with over 1,500 stations, primarily in the gig and mobility sectors. It currently supports nearly 70,000 drivers and claims to have insured over 2 lakh individuals while processing 10,000 claims to date. The company also boasts a high customer satisfaction rate, with a 4.9-star rating on Google.

In terms of financials, Bharatsure reported strong performance in FY25, doubling its revenue and achieving break-even at Contribution Margin 3 (CM3). It has set an ambitious revenue target of Rs 100 crore by FY28.

Strengthening its presence in the EV and mobility ecosystem, Bharatsure recently partnered with Battery Smart, a leading EV battery swapping network. This collaboration led to the launch of a natural calamity insurance product for Battery Smart’s station partners, offering coverage against risks such as fire, floods, earthquakes, and personal accidents.

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Operating in a competitive landscape alongside players like SecureNow, BimaKavach, and Pazcare, Bharatsure distinguishes itself through a scalable and accessible insurance infrastructure model aimed at underserved communities and businesses.

With its recent funding boost, Bharatsure is well-positioned to lead innovation in India’s growing insurtech space by simplifying group and embedded insurance for a wider audience.