Easypolicy - About the company
Easypolicy is an acquired company based in Noida (India), founded in 2011 by Neeraj Aggarwala, Divyanshu Tripathi, Alok Bhatnagar and Ankit Sachdeva. It operates as an Online comparison platform for life and non-life insurance. Easypolicy has raised $13.1M in funding from investors like Unilazer Ventures, Windy Investments and Sherisha Technologies, with last known valuation of $*****. The company has 123 active competitors, including 20 funded and 7 that have exited. Its top competitors include companies like Turtlemint, Policybazaar and PB Fintech.
Company Details
Online comparison platform for life and non-life insurance. It offers quotes for car insurance, health insurance, travel insurance, and life insurance, among others. It is an online platform that allows users to enter the details of the insurance requirements and get instant quotes.
- Website
- easypolicy.com
- Registered Address
- 15,4th Floor, Pratap Nagar (Near Indian Bank) Mayur Vihar-1, Delhi 110091, East Delhi, Delhi, Delhi, India, 110091
Key Metrics
Founded Year
2011
Location
Noida, India
Stage
Acquired
Total Funding
$13.1M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jun 27, 2017
Investors
Ranked
34th among 123 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2022
Employee Count
2 as on Mar 31, 2023
Similar Companies
Exit Details
Acquired by Unilazer Ventures (Jun 27, 2017)
Legal entities associated with Easypolicy
Easypolicy is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
EASYPOLICY INSURANCE BROKERS PRIVATE LIMITED CIN: U66000UP2020PTC133508 , India, Strike off | Aug 28, 2020 | - | - | |
EASYPOLICY INSURANCE WEB AGGREGATORS PRIVATE LIMITED CIN: U66000DL2011PTC214078 , India, Active | Feb 14, 2011 | 0 - ₹10 Cr (As on Mar 31, 2022) | 2 (As on Mar 31, 2023) |
Easypolicy's acquisition details
Easypolicy got acquired by Unilazer Ventures on Jun 27, 2017 at an acquisition amount of $*****.
Click here to take a look at Easypolicy's acquisition in detail
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Easypolicy's funding and investors
Easypolicy has raised a total funding of $13.1M over 4 rounds. Its first funding round was on Jan 24, 2015. Its latest funding round was a Series A round on Mar 18, 2017 for $*****. 1 investor participated in its latest round. Easypolicy has 7 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of Easypolicy:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 18, 2017 | 7637783 | Series A | 8811852 | 7558648 | 3048090 | 4607695 |
Nov 03, 2016 | 7052059 | Series A | 2445297 | 7701908 | 7598832 | 9894684 |
Jan 13, 2016 | 6663393 | Seed | 8771138 | 8819255 |
View details of Easypolicy's funding rounds and investors
Easypolicy's founders and board of directors
Founder? Claim ProfileThe founders of Easypolicy are Neeraj Aggarwala, Divyanshu Tripathi, Alok Bhatnagar and Ankit Sachdeva. Divyanshu Tripathi is the CEO of Easypolicy.
Here are the details of Easypolicy's key team members:
- Neeraj Aggarwala: Co-Founder of Easypolicy and founder of 1 other company. They are also an angel investor in 3 startups and serve on the boards of 2 companies.Contact Info: 1 phone number
- Divyanshu Tripathi: Co-Founder & CEO of Easypolicy. They serve on the board of 1 company.Contact Info: 1 phone number
- Alok Bhatnagar: Co-Founder of Easypolicy. Contact Info: 1 phone number
- Ankit Sachdeva: Co-Founder of Easypolicy. They serve on the board of 1 company.Contact Info: 1 phone number
Easypolicy's Board of Directors
Easypolicy's board has 4 active members. Arvind Shivhare is part of team and Amit Kumar, Saloni Sharma and Siddharth Achyut Deosthalee are independent board members.Here is the list of Easypolicy's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
zykbbuy | Team | - | Past | 3y 9m |
z{lapda | Team | - | Past | 7y 7m |
swmszsh | Team | - | Past | 8y 6m |
wctje{l | Team | - | Past | 5y 4m |
ypcntli | Team | - | Past | 7y 3m |
gszaeqa | Team | - | Past | 3y 7m |
tujbn{a | Team | - | Past | 4y 4m |
Independent board member | - | Current | 4y 11m | |
dlzhzrd | Independent board member | - | Current | 6y 4m |
lgxzew{ | Independent board member | - | Past | 6y 1m |
View details of Easypolicy's Founder profiles and Board Members
Easypolicy's employee count trend
Easypolicy has 2 employees as of Mar 23. The total employee count is the same as what it was in Mar 22. Here is Easypolicy's employee count trend over the years:
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Easypolicy's Competitors and alternates
Top competitors of Easypolicy include Turtlemint, Policybazaar and PB Fintech. Here is the list of Top 10 competitors of Easypolicy, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Turtlemint 2015, Mumbai (India), Public | Provider of platform for comparing and purchasing insurance, loans, and funds | $220M | 82/100 | |
2nd | Policybazaar 2008, Gurugram (India), Late Stage | Online marketplace for purchasing various types of insurance policies | - | 76/100 | |
3rd | PB Fintech 2008, Gurugram (India), Public | Provider of an online platform offering insurance and lending products through its flagship brands | $443M | 75/100 | |
4th | Provider of insurance distribution services for the lending ecosystem | - | 66/100 | ||
5th | Provider of insurance advisory services helping individuals understand and select insurance policies | - | - | 62/100 | |
6th | QuickInsure 2016, Pune (India), Series A | Provider of platform to compare and buy insurance policies online | $6.64M | 58/100 | |
7th | Retailer of insurance products, including health, life, motor, and OPD | $145M | 58/100 | ||
8th | InsuranceDekho 2016, Gurugram (India), Series C | Provider of online insurance policy comparison and purchasing platform | $362M | 57/100 | |
9th | Provider of online comparison tools for health life term insurance | - | - | 55/100 | |
10th | Girnar Finserv 2019, Gurugram (India), Series C | Provider of insurance, credit, and investment comparison services | $116M | 54/100 | |
34th | Easypolicy 2011, Noida (India), Acquired | Online comparison platform for life and non-life insurance | $13.1M | 35/100 |
Looking for more details on Easypolicy's competitors? Click here to see the top ones
Financials of Easypolicy
EASYPOLICY INSURANCE WEB AGGREGATORS PRIVATE LIMITED, the legal entity associated with Easypolicy, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2022. The revenue of EASYPOLICY INSURANCE WEB AGGREGATORS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of -30% in the last 1 year.
Financial Statement Summary
Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 9011 | 5091 | 5371 | 7856 | 3337 |
Total Sales | 9524 | 8430 | 4704 | 1884 | 5252 |
Total Expenses | 2192 | 9023 | 3319 | 7832 | 6428 |
Operating Expenses | 9519 | 2858 | 5537 | 6665 | 8468 |
Employee Expenses | 9845 | 1846 | 9435 | 9310 | 1211 |
Marketing Expenses | 7175 | 8546 | 3873 | 5505 | 2529 |
Operating Income (EBIT) | 2664 | 6531 | 4367 | 8467 | 9796 |
Interest Expenses | 5111 | 9035 | 3239 | 8471 | 8900 |
Expenses from other activities | 2132 | 1910 | 4262 | 4820 | 9541 |
Information Technology Expenses | 6649 | 1787 | 8080 | 2454 | 6432 |
EBITDA | 4714 | 3018 | 3964 | 6974 | 2084 |
Taxes | 9641 | 3094 | 2800 | 3249 | 9017 |
Net Profit | 8181 | 9148 | 1118 | 9693 | 6349 |
Balance Sheet | |||||
Assets | 8895 | 5711 | 5380 | 3615 | 1344 |
Cash Equivalent | 3613 | 9462 | 2041 | 9018 | 2526 |
Accounts Receivables | 8422 | 4375 | 5893 | 5513 | 1164 |
Inventory | 1257 | 9346 | 3645 | 6282 | 7296 |
Liabilities | 2245 | 9291 | 1201 | 2796 | 4821 |
Total Debt | 3567 | 2173 | 4719 | 9285 | 9651 |
Accounts Payable | 4934 | 8323 | 1625 | 6696 | 8505 |
Equities | 8383 | 1315 | 5969 | 4342 | 4630 |
Cashflow Statement | |||||
Cash from Operating activities | 6407 | 5680 | 5716 | 5373 | 3459 |
Cash from Investing activities | 1340 | 3056 | 7030 | 2079 | 6562 |
Net cash from Financing activities | 9583 | 1384 | 7356 | 9905 | 2080 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
Easypolicy's Investments and acquisitions
Easypolicy has made no investments or acquisitions yet.
Reports related to Easypolicy
Here is the latest report on Easypolicy's sector:
News related to Easypolicy
•
Easypolicy Collaborates with Quickbima to complement their strengths to be more customer centricDigital Terminal•Feb 14, 2020•Easypolicy, Quickbima
•
Unilazer Ventures ups stake in EasyPolicy to 70%, co may raise additional Rs 150 CrIndiatimes•May 08, 2018•Unilazer Ventures, Easypolicy
•
Ronnie Screwvala raises stake in EasyPolicy - The Economic TimesIndiatimes•Jun 27, 2017•Unilazer Ventures, Easypolicy
•
Virtual credit facility provider StashFin raises $5M fundingStashfin•Jun 27, 2017•Stashfin, GrowX Ventures, Snow Leopard Global, AltoPartners and 8 others
•
Unilazer Ventures now has a majority 55% stake in Easypolicy - MediaNamaMediaNama•Jun 27, 2017•Easypolicy, Unilazer Ventures
•
Bizongo Raises $3 Mn In Series A Funding From IDG Ventures and Accel PartnersInc42•Nov 05, 2016•Bizongo, IDG Ventures, Accel, IDG Ventures India and 8 others
•
Insurance Policy Aggregator, EasyPolicy, Raises $2 Mn From Unilazer Ventures - Inc42 MediaInc42•Jan 21, 2016•Easypolicy, Unilazer Ventures, Gaurav Burman, Anil G Jain
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