Ideal Insurance Brokers - About the company
Ideal Insurance Brokers is a seed company based in Kolkata (India), founded in 2005 by Rahul Agarwal and Sandeep Kumar Modi. It operates as a Provider of insurance portfolio management services and brokerage solutions for clients across both life and general insurance categories. Ideal Insurance Brokers has raised $1.96M in funding from investors like Venture Catalysts, Onnivation and Gaurav Singhvi Ventures, with a current valuation of $*****. The company has 635 active competitors, including 13 funded and 18 that have exited. Its top competitors include companies like CreditWise Capital, Edelweiss and PBPartners.
Company Details
Provider of insurance portfolio management services and brokerage solutions for clients across both life and general insurance categories. Insurance solutions to mitigate risks and protect assets and liabilities for businesses. It provides a range of insurance solutions, including life, health, and general insurance products, for individuals and businesses across various regions. It focuses on risk management solutions for assets and liabilities.
- Website
- idealinsurance.in
- Social
- Email ID
- *****@idealinsurance.in
- Phone Number
- +91 **********
- Registered Address
- 23 TOWNSHEND ROAD, Kolkata, KOLKATA, West Bengal, India, 700025
Key Metrics
Founded Year
2005
Location
Kolkata, India
Stage
Seed
Total Funding
$1.96M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jun 24, 2024
Investors
Ranked
6th among 635 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
280 as on Aug 31, 2025
Investment & Acquisitions
Similar Companies
Legal entities associated with Ideal Insurance Brokers
Ideal Insurance Brokers is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Deep Avyaan Llp CIN: ABB-8093 , India, Active | Jul 20, 2022 | - | - | |
Ideal Insurance Brokers Private Limited CIN: U65929WB2005PTC101118 , India, Active | Jan 13, 2005 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 280 (As on Aug 01, 2025) |
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Ideal Insurance Brokers's funding and investors
Ideal Insurance Brokers has raised a total funding of $1.96M over 4 rounds. Its first funding round was on Jul 17, 2017. Its latest funding round was a Seed round on Mar 20, 2024 for $*****. 19 investors participated in its latest round. Ideal Insurance Brokers has 20 institutional investors and 64 angel investors.
Here is the list of recent funding rounds of Ideal Insurance Brokers:
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Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 20, 2024 | 7497415 | Seed | 3443782 | 5223826 | 7690981 | 2754897 |
Sep 23, 2020 | 7942744 | Seed | 8810292 | 2923364 | 1639056 | 3137457 |
Apr 12, 2018 | 9205304 | Seed | 5262338 | 5683901 |
Access funding benchmarks and valuations. Sign up today!View details of Ideal Insurance Brokers's funding rounds and investors
Ideal Insurance Brokers' founders and board of directors
Founder? Claim ProfileThe founders of Ideal Insurance Brokers are Rahul Agarwal and Sandeep Kumar Modi. Rahul Agarwal and Saroj Satapathy are the CEOs of Ideal Insurance Brokers.
Here are the details of Ideal Insurance Brokers' key team members:
- Rahul Agarwal: Co-Founder & Co-CEO of Ideal Insurance Brokers and founder of 2 other companies, Govind Consultancy and 121policy. They are also an angel investor in 28 startups and serve on the boards of 4 companies.Contact Info: 1 email address and 2 phone numbers
- Sandeep Kumar Modi: Co-Founder & Director of Ideal Insurance Brokers. They are also an angel investor in 1 startup.
- Saroj Satapathy: Co-CEO of Ideal Insurance Brokers. Contact Info: 1 email address
Ideal Insurance Brokers' Board of Directors
Ideal Insurance Brokers's board has 3 active members. Ravi Kothari and Rahul Agarwal are part of team and Chandra Mohan Garg is independent board member.Here is the list of Ideal Insurance Brokers' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 14y 5m | |
Team | - | Current | 21y 7m | |
Independent board member | - | Current | 4y 7m |
View details of Ideal Insurance Brokers's Founder profiles and Board Members
Ideal Insurance Brokers' employee count trend
Ideal Insurance Brokers has 280 employees as of Aug 25. The total employee count is 30.0% more than what it was in Aug 24. Here is Ideal Insurance Brokers's employee count trend over the years:
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Ideal Insurance Brokers's Competitors and alternates
Top competitors of Ideal Insurance Brokers include CreditWise Capital, Edelweiss and PBPartners. Here is the list of Top 10 competitors of Ideal Insurance Brokers, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  CreditWise Capital 2018, Mumbai (India), Series A | Provider of technology driven consumer finance and vehicle insurance products | $36.4M | 67/100 | |
2nd | Provider of investment management, SME loans, and insurance services | - | 64/100 | ||
3rd |  PBPartners 2021, Gurugram (India), Funding Raised | Web-based platform for multiple insurance products | - | - | 62/100 |
4th |  Marsh 1871, New York City (United States), Public | Provider of risk management, insurance brokerage, and consulting services globally | - | 59/100 | |
5th |  Ace Insurance Brokers 2001, Delhi (India), Acquired | Provider of risk mitigation and insurance solutions for businesses | - | - | 57/100 |
6th |  Ideal Insurance Brokers 2005, Kolkata (India), Seed | Provider of insurance portfolio management services and brokerage solutions for clients across both life and general insurance categories | $1.96M | 54/100 | |
7th | Probus Insurance Broker 2002, Mumbai (India), Series A | Online insurance brokerage platform offering life, health, and motor insurance products | $6.7M | 54/100 | |
8th | Global Insurance Brokers 1973, Mumbai (India), Acquired | Provider of insurance brokerage services | - | - | 53/100 |
9th | Provider of insurance brokerage services | $10.8M | 53/100 | ||
10th | Mahindra Insurance Brokers 2004, Mumbai (India), Series A | Provider of diversified insurance brokerage services | $14.8M | 53/100 |
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Ideal Insurance Brokers's Latest cap tables and shareholding
Founders (largest shareholder) own 64.24%, Funds own 1.27%, Enterprises own 2.62% and Angels own 1.64%. The net worth of Ideal Insurance Brokers's founders is INR 191Cr as of Jun 24, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 64.24% | 191Cr | 2220232 | 7770295 | 4107879 | 4373205 |
3109750 | 9079799 | 6044476 | 5919285 | 4676540 | 2470895 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 1.27% | 3.77Cr | 4 | 8 | 2 | 3 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 2.62% | 7.78Cr | 59 | 14 | 69 | 71 |
Angel | 1.64% | 4.86Cr | 6 | 4 | 5 | 7 |
Other People | 16.14% | 47.9Cr | 1645176 | 6955323 | 5743876 | 2440012 |
ESOP Pool | 14.09% | 41.8Cr | 5541703 | 5985906 | 9378163 | 2515854 |
Total | 100.00% | 297Cr | 6945993 | 8482818 | 4489008 | 8503949 |
To unlock detailed Cap Table of Ideal Insurance Brokers 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 Ideal Insurance Brokers's Shareholding
Ideal Insurance Brokers's Investments and acquisitions
Ideal Insurance Brokers has acquired Govind Consultancy. Ideal Insurance Brokers has not made any investments as of now.Reports related to Ideal Insurance Brokers
Here is the latest report on Ideal Insurance Brokers's sector:
News related to Ideal Insurance Brokers
Filter this list•
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Ideal Insurance Brokers Join Hands with Riskcovry to Launch Digital Insurance PlatformElets Technomedia•Nov 28, 2024•Ideal Insurance Brokers, Riskcovry
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Ideal Insurance Brokers takes M&A route to expand geographical presenceIndiatimes•Jun 02, 2022•Ideal Insurance Brokers, Narnolia
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Solas Capital holds first close of Solas Sustainable Energy Fund ICAV at EUR140mPrivate Equity Wire•Feb 22, 2022•Solas Capital, European Investment Bank, Ireland Strategic Investment Fund, MEAG and 2 others
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Emkay Insurance Brokers to transfer its insurance broking business to Ideal Insurance Brokerstradingandinvestments.in•Dec 13, 2018•Ideal Insurance Brokers, Emkay
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Ideal Insurance: Ideal Insurance Brokers gets $1 millionIndiatimes•Apr 12, 2018•Ideal Insurance Brokers, Venture Catalysts
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Coutloot raises $1 million in Pre-Series A funding from Jadevalue Fintech,othersTechStory•Apr 04, 2018•CoutLoot, Artha Group, Venture Catalysts, JadeValu and 36 others
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Ideal Insurance plans to increase its turnover to Rs 300 Cr by 2019b2bpurchase.com•Jan 18, 2018•Ideal Insurance Brokers
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Xelpmoc Acquires a 10% Stake in Ideal InsuranceCoverager•Sep 25, 2017•Ideal Insurance Brokers, Xelpmoc
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Venture Catalysts expands footprint in WB, launches 'VCats' in KolkataAsian News International•Sep 05, 2017•Venture Catalysts, Ideal Insurance Brokers, KreativeFingers
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
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