Bharatsure - About the company
Bharatsure is a seed company based in Mumbai (India), founded in 2021 by Anuj Parekh and Sanil Basutkar. It operates as a Provider of technology and infrastructure for employee benefits and embedded insurance. Bharatsure has raised $3.25M in funding from investors like Inflection Point Ventures, Dexter Angels and Campus Fund, with a current valuation of $*****. The company has 258 active competitors, including 79 funded and 23 that have exited. Its top competitors include companies like Oscar, CollectiveHealth and Paytient.
Company Details
Provider of technology and infrastructure for employee benefits and embedded insurance. It offers of full stack infrastructure for selling insurance targeted at brokers, agents, and B2B institutions. The platform manages insurance accessibility for sectors, including gig workers, students, and digital users. Its insurance categories include health and personal accident insurance, student health insurance, cybersecurity insurance, and more. It offers a suite of APIs capabilities to enable embedded insurance and healthcare offerings on third-party platforms. Features include dashboard analytics, data integration and analysis, managing revenues, and employee benefits, and more.
- Website
- bharatsure.com
- Email ID
- *****@bharatsure.com
- Registered Address
- 602, Minal Towers, Opp.Jain Nursing Home Old Nagardas Road, Andheri East, Mumbai City, Mumbai, Maharashtra, India, 400069
Key Metrics
Founded Year
2021
Location
Mumbai, India
Stage
Seed
Total Funding
$3.25M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 26, 2025
Investors
Ranked
7th among 258 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
26 as on Jul 31, 2025
Legal entities associated with Bharatsure
Bharatsure is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SAFETYNET INSURANCE SERVICES PRIVATE LIMITED CIN: U66010MH2021PTC359256 , India, Active | Apr 20, 2021 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
SAFETYNET CORPORATION PRIVATE LIMITED CIN: U65990MH2021PTC356943 , India, Active | Mar 13, 2021 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
SAFETYNET INNOVATIONS PRIVATE LIMITED CIN: U74999MH2020PTC340819 , India, Active | Jun 19, 2020 | 0 - ₹10 Cr (As on Mar 31, 2025) | 26 (As on Jul 31, 2025) |
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Bharatsure's funding and investors
Bharatsure has raised a total funding of $3.25M over 4 rounds. Its first funding round was on May 13, 2021. Its latest funding round was a Seed round on Oct 26, 2024 for $*****. 13 investors participated in its latest round. Bharatsure has 30 institutional investors and 122 angel investors.
Here is the list of recent funding rounds of Bharatsure:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 26, 2024 | 3605754 | Seed | 4914052 | 6010444 | 9724378 | 4706572 |
Nov 06, 2023 | 8413588 | Seed | 7591862 | 2492051 | 5018786 | |
Feb 26, 2022 | 7540321 | Seed | 2750046 | 4555135 |
Access funding benchmarks and valuations. Sign up today!View details of Bharatsure's funding rounds and investors
Bharatsure's founders and board of directors
Founder? Claim ProfileThe founders of Bharatsure are Anuj Parekh and Sanil Basutkar. Anuj Parag Parekh is the CEO of Bharatsure.
Here are the details of Bharatsure's key team members:
- Anuj Parekh: Co-Founder & CEO of Bharatsure and founder of 1 other company. They are also an angel investor in 2 startups and serve on the boards of 2 companies.Contact Info: 2 email addresses and 1 phone number
- Sanil Basutkar: Co-Founder & Head of Product & Marketing of Bharatsure and founder of 1 other company. They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 2 email addresses and 1 phone number
Bharatsure's Board of Directors
Bharatsure's board has 2 active members. Anuj Parekh and Sanil Basutkar are part of team.Here is the list of Bharatsure's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 5y 4m | |
Team | - | Current | 4y 10m |
View details of Bharatsure's Founder profiles and Board Members
Bharatsure's employee count trend
Bharatsure has 26 employees as of Jul 25. The total employee count is 13.0% more than what it was in Jul 24. Here is Bharatsure's employee count trend over the years:
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Bharatsure's Competitors and alternates
Top competitors of Bharatsure include Oscar, CollectiveHealth and Paytient. Here is the list of Top 10 competitors of Bharatsure, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Oscar 2012, New York City (United States), Public | Provider of health insurance plans offering virtual and in-person medical care | $1.63B | 81/100 | |
2nd | CollectiveHealth 2013, San Francisco (United States), Series F | Cloud-based self-insurance platform for employers to sponsor their employees | $714M | 72/100 | |
3rd |  Paytient 2018, Columbia (United States), Series B | Healthcare prepaid cards for employers | $55.5M | 70/100 | |
4th | eHealth 1997, Mountain View (United States), Public | Online health insurance comparison platform for individuals and small businesses | $44M | 68/100 | |
5th |  Nava Benefits 2019, New York City (United States), Series C | Provider of employee benefits brokerage and administrative services | $90M | 68/100 | |
6th | Provider of API-enabled insurance distribution and management solutions | $125M | 67/100 | ||
7th |  Bharatsure 2021, Mumbai (India), Seed | Provider of technology and infrastructure for employee benefits and embedded insurance | $3.25M | 66/100 | |
8th | Cover Genius 2014, New York City (United States), Series F | Provider of a software suite for the insurance industry | $355M | 64/100 | |
9th | Software suite for the insurance industry | $100M | 63/100 | ||
10th |  Sure 2013, San Diego (United States), Series C | Insurance as a service platform for insurance carriers and other businesses | $123M | 62/100 |
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Bharatsure's Latest cap tables and shareholding
Founders (largest shareholder) own 49.38%, Funds own 18.48%, Enterprises own 5.26% and Angels own 18.16%. The net worth of Bharatsure's founders is INR 43.1Cr as of Aug 26, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 49.38% | 43.1Cr | 6935458 | 2748815 | 1893790 | 9502572 |
7978781 | 6801979 | 8395376 | 4977072 | 6827818 | 1171367 | |
2337897 | 6487070 | 1023153 | 7765413 | 6153692 | 4572690 | |
Fund | 18.48% | 16.1Cr | 9323997 | 1003210 | 5944186 | 5586685 |
61512 | 97405 | 13057 | 14520 | 13864 | 40986 | |
8 | 3 | 6 | 5 | 2 | 3 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 5.26% | 4.59Cr | 16639 | 40847 | 74285 | 79749 |
Angel | 18.16% | 15.8Cr | 5090400 | 5652244 | 3173195 | 5567326 |
Other People | 0.11% | 10L | 0 | 0 | 0 | 0 |
ESOP Pool | 6.81% | 5.94Cr | 354914 | 959030 | 840051 | 153441 |
Other Investors | 1.32% | 1.15Cr | 4 | 1 | 5 | 7 |
Total | 99.53% | 86.8Cr | 5260657 | 4096073 | 6560764 | 3672451 |
To unlock detailed Cap Table of Bharatsure Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Bharatsure's Shareholding
Bharatsure's Investments and acquisitions
Bharatsure has made no investments or acquisitions yet.
Reports related to Bharatsure
Here is the latest report on Bharatsure's sector:
News related to Bharatsure
Media has covered Bharatsure for 1 event in last 1 year.
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Bharatsure Expands Assurety With ZenAssure AcquisitionSMEStreet.in•Mar 19, 2026•Zenassure, Bharatsure
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Netrasemi, Enlite secure funding; LISSUN acquires US mental health startup Being CaresVCCircle•Jul 24, 2025•Netrasemi, Zoho, Unicorn India Ventures, Avaana Capital Advisors and 1 other
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Bharatsure Raises ₹6 Cr, Partners with Battery Smart for EV Station InsuranceBusinessnewsthisweek•Jul 24, 2025•Bharatsure, Battery Smart, Inflection Point Ventures, Atrium Angels and 1 other
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Bharatsure Unveils Four Tailored Insurance Products to Bridge Protection Gaps in India’s Key SectorsPassionate In Marketing•Sep 05, 2024•Bharatsure
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Capital-A Leads $1M Funding Round for BharatsureStartup Story•Jan 19, 2024•Bharatsure, Grip, Inflection Point Ventures, Dexter Ventures and 5 others
•
Inflection Point Ventures Launches accelerator program – IPV Ideaschool batch 1 for early-stage startupsExpress Computer•Jan 11, 2024•Inflection Point Ventures, Bharatsure, Capital A, Grip and 3 others
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
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