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1Silverbullet - About the company

1Silverbullet is a seed company based in Mumbai (India), founded in 2021 by Milan Manharkant Ganatra, Rajnish Bahl and Amreesh Kher. It operates as a 1Silverbullet is creating a layer of standardization in the financial services ecosystem. Our APIs lay out a collaborative pathway that is scalable, secure, and simple in its implementation. 1Silverbullet’s platform combines streamlined access to financial services with a plug-and-play solution. 1Silverbullet has raised $850K in funding from HDFC securities and HDFC Bank, with a current valuation of $*****. The company has 180 active competitors, including 52 funded and 5 that have exited. Its top competitors include companies like Bolttech, Akur8 Technologies and Zopper.

Company Details

1Silverbullet is a gateway between insurance providers and distributors. 1Silverbullet is a scalable platform that acts as a bridge between insurance companies and distribution partners, which enables entire sales process from multi-insurance quotes, proposals, and policy issuance. A single gateway which connects to all major insurers across a wide array of products.
Social
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Email ID
*****@1silverbullet.tech
Phone Number
+91 **********
Registered Address
C-901,PLOT-CS 1/404,C,RAHEJA EXCELSIOR CHS, LTD,MADAN MOHAN MALVIYA MARG,TARDEO, Mumbai City, Mumbai, Maharashtra, India, 400034
Key Metrics
Founded Year
2021
Location
Mumbai, India
Stage
Seed
Total Funding
$850K in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jun 24, 2024
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
72 as on Feb 28, 2025
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1Silverbullet's funding and investors

1Silverbullet has raised a total funding of $850K over 2 rounds. Its first funding round was on Jul 31, 2023. Its latest funding round was a Seed round on Jun 24, 2024 for $*****. 1 investor participated in its latest round. 1Silverbullet has 2 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of 1Silverbullet:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jun 24, 2024
3207713
Seed
9874394
3907610
2448831
6899962
Jul 31, 2023
3472673
Seed
6754273
3727126
8584739
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1Silverbullet's founders and board of directors

Founder? Claim Profile
The founders of 1Silverbullet are Milan Manharkant Ganatra, Rajnish Bahl and Amreesh Kher. Amreesh Kher is the CEO of 1Silverbullet.
Here are the details of 1Silverbullet's key team members:

1Silverbullet's Board of Directors

1Silverbullet's board has 2 active members. Milan Manharkant Ganatra is part of team and Kruti Ganatra is independent board member.
Here is the list of 1Silverbullet's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
5y 3m
Independent board member
-
Current
5y 3m
{okxqvm
Independent board member
-
Past
6y 6m

1Silverbullet's employee count trend

1Silverbullet has 72 employees as of Feb 25. Here is 1Silverbullet's employee count trend over the years:
Employee count trend for 1Silverbullet
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1Silverbullet's Competitors and alternates

Top competitors of 1Silverbullet include Bolttech, Akur8 Technologies and Zopper. Here is the list of Top 10 competitors of 1Silverbullet, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Bolttech
Bolttech
2020, Singapore (Singapore), Series C
Provider of digital infrastructure for embedding insurance into customer journeys
$640M
78/100
2nd
Logo for Akur8 Technologies
Akur8 Technologies
2018, Paris (France), Series C
Provider of pricing and reserving platform for the insurance industry
$180M
70/100
3rd
Logo for Zopper
Zopper
2011, Noida (India), Acquired
Provider of API-enabled insurance distribution and management solutions
$125M
67/100
4th
Logo for Cover Genius
Cover Genius
2014, New York City (United States), Series F
Provider of a software suite for the insurance industry
$355M
67/100
5th
Logo for Atomic
Atomic
2020, San Francisco (United States), Series C
Wealth management solutions for financial institutions
$95.2M
66/100
6th
Logo for Bharatsure
Bharatsure
2021, Mumbai (India), Seed
Provider of technology and infrastructure for employee benefits and embedded insurance
$3.93M
66/100
7th
Logo for DriveWealth
DriveWealth
2012, Chatham (United States), Series D
Online platform offering cloud-based API embedded investing solutions
$542M
66/100
8th
Logo for Qover
Qover
2016, Brussels (Belgium), Series C
Software suite for the insurance industry
$100M
65/100
9th
Logo for Sure
Sure
2013, San Diego (United States), Series C
Insurance as a service platform for insurance carriers and other businesses
$123M
65/100
10th
Logo for Open
Open
2016, Sydney (Australia), Series B
AI-based software suite for the insurance industry
$53M
62/100
37th
Logo for 1Silverbullet
1Silverbullet
2021, Mumbai (India), Seed
1Silverbullet is creating a layer of standardization in the financial services ecosystem. Our APIs lay out a collaborative pathway that is scalable, secure, and simple in its implementation. 1Silverbullet’s platform combines streamlined access to financial services with a plug-and-play solution
$850K
41/100
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1Silverbullet's Latest cap tables and shareholding

Founders own 14.43%, Parent Entities (largest shareholder) own 72.47%, Enterprises own 8.75% and Other People own 0.62%. The net worth of 1Silverbullet's founders is INR 11.5Cr as of Jun 24, 2024. The cap table displayed below is for 9PLATFORMS TECHNOLOGY PRIVATE LIMITED which is the legal entity associated with 1Silverbullet.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
14.43%
11.5Cr
8179900
6169268
5323367
4806623
6730048
2754109
6299253
4453436
8821644
7364659
Parent Entity
72.47%
58Cr
4103760
6997926
7153609
6406032
Enterprise
8.75%
7Cr
3119536
7711422
3555005
2600680
Other People
0.62%
49.8L
0
0
0
0
ESOP Pool
3.73%
2.99Cr
963
729
243
973
Total
100.00%
80Cr
8631647
2358760
8547795
3931528
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
Gain deeper insights into
shareholding pattern of this entity
$9.99$4.23(excl. taxes)
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What documents will you get?
  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

1Silverbullet's Investments and acquisitions

1Silverbullet has made no investments or acquisitions yet.

Reports related to 1Silverbullet

Here is the latest report on 1Silverbullet's sector:

News related to 1Silverbullet

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