When was McXtra founded?

McXtra was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is McXtra located?

McXtra is headquartered in Mumbai, India. It is registered at A-201 Second Floor, Kotia Nirman, New Link Road Andheri (West), Mumbai -400053, Mumbai City, MUMBAI, Maharashtra, India, 400053.

Which legal entities is McXtra associated with?

McXtra is associated with REACH AJCON TECHNOLOGIES PRIVATE LIMITED and 2 others.

How many employees does McXtra have?

As of Aug 31, 2026, the latest employee count at McXtra is 1.

Is McXtra a funded company?

McXtra is a funded company, having raised a total of $1.57M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 09, 2015.

How much is McXtra worth?

The latest valuation of McXtra is $***** as of Nov 28, 2019. This marks a decline of 74% from its peak valuation of $12.1M in Apr, 2015. This marks a decline of 74% from its peak valuation of $12.1M in Apr, 2015.

When was the latest funding round of McXtra?

McXtra's latest funding was a $***** Angel round on Jan 11, 2019, with participation from 2 investors. Its primary sector is Internet First Insurance Platforms. In India, the Internet First Insurance Platforms sector has seen $175M in funding in 2026 to date.

What is the annual revenue of McXtra?

Annual revenue of McXtra is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does McXtra rank among its competitors?

McXtra ranks 6th amongst 81 active competitors, of which 14 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was CoverSure, which secured $4M in May, 2024.

Who are the top competitors of McXtra?

McXtra's top competitors include CLARK, CoverSure and GloveBox. Among them, CoverSure secured the most recent funding round in May, 2024.

McXtra - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

McXtra is an insurance-agnostic policy management app which can be offered by employers to their employees. Employees and their family can store, track and view all their policies in a secure vault on the app. The app features a dashboard which demystifies insurance terms & conditions. Offers a McXtra Red Button, which uses geo-tracking to provide location-based emergency services. Provides 24x7 support services and also analyzes current policies and suggests renewal options.

Website: mcxtra.com
Social
Email ID: *****@mcxtra.com
Phone Number: +91 **********
Registered Address: A-201 Second Floor, Kotia Nirman, New Link Road Andheri (West), Mumbai -400053, Mumbai City, MUMBAI, Maharashtra, India, 400053

Key Metrics

Founded Year

2015

Location

Mumbai, India

Stage

Seed

Total Funding

$1.57M in 5 rounds

Latest Funding Round

Angel, Jan 11, 2019, $*****

Post Money Valuation

$***** as on Nov 28, 2019

Investors

Rakesh Bhatia & 25 more

Ranked

6^th among 81 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

1 as on Aug 31, 2026

Similar Companies

CLARK & 102 more

View McXtra's full profile

McXtra is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
REACH AJCON FINANCIAL ADVISORS PRIVATE LIMITED CIN: U67190MH2014PTC251957 , India, Active	Jan 10, 2014	0 - ₹10 Cr (As on Mar 31, 2025)	-
GOOD INSURANCE BROKERS PRIVATE LIMITED CIN: U66010DL2014PTC391573 , India, Active	Aug 22, 2014	₹100 - ₹500 Cr (As on Mar 31, 2025)	111 (As on Jun 30, 2024)
REACH AJCON TECHNOLOGIES PRIVATE LIMITED CIN: U74999MH2014PTC251917 , India, Active	Jan 10, 2014	0 - ₹10 Cr (As on Mar 31, 2025)	4 (As on Apr 30, 2018)

McXtra has raised a total funding of $1.57M over 5 rounds. Its first funding round was on Apr 09, 2015. Its latest funding round was a Angel round on Jan 11, 2019 for $*****. 2 investors participated in its latest round. McXtra has 3 institutional investors and 23 angel investors.

Here is the list of recent funding rounds of McXtra:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 11, 2019	8982317	Angel	2323481	6683419	3098869	7880898
Mar 07, 2018	6596797	Seed	4443975	2127499	3278608	Mark Cullinane & 19 more
Dec 21, 2016	8690257	Angel	6559775	6053749	Rajiv Sawhney & 1 more	Rakesh Bhatia

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View details of McXtra's funding rounds and investors

The founders of McXtra are A S Narayanan and Nimish Airon.

Here are the details of McXtra's key team members:

A S Narayanan: Former Co-Founder of McXtra. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address
Nimish Airon: Co-Founder of McXtra and founder of 2 other companies, Reach Ajcon and Heartbeat Insurance Brokers. They serve on the board of 1 company.
Contact Info: 1 email address

McXtra's Board of Directors

McXtra's board has 2 active members. Ashok Kumar Singh and Gurtej Singh are independent board members.

Here is the list of McXtra's board of directors:

Name	Type	Representing	Status	Duration
uizojw{	Team	-	Past	9y 6m
urbvlcs	Team	-	Past	2y 4m
Ashok Kumar Singh	Independent board member	-	Current	5y 3m
{shnf{k	Independent board member	-	Current	8y 4m
qhczprb	Independent board member	-	Past	6y 2m

View details of McXtra's Founder profiles and Board Members

McXtra's employee count trend

McXtra has 1 employees as of Aug 26. Here is McXtra's employee count trend over the years:

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Top competitors of McXtra include CLARK, CoverSure and GloveBox. Here is the list of Top 10 competitors of McXtra, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CLARK 2015, Frankfurt Am Main (Germany), Series C	Provider of insurance brokerage services	$128M	Portage, Target Global & 32 others	65/100
2nd	CoverSure 2023, Mumbai (India), Seed	Provider of insurance portfolio management, risk calculation, and advisory services	$6.6M	Enam Holdings, Volrado Venture Partners Fund ... & 1 others	52/100
3rd	GloveBox 2019, Denver (United States), Series A	Provider of an app-based policy management platform for individuals	$10M	Mercato Partners, Panoramic Ventures & 2 others	51/100
4th	Coverfy 2016, Barcelona (Spain), Series A	Insurance management app	$5.49M	K Fund, 4Founders Capital & 14 others	49/100
5th	mySofie 2017, Bordeaux (France), Series A	App-based health insurance management platform for individuals	$5.9M	EURO-NMD, Open CNP & 2 others	48/100
6th	McXtra 2015, Mumbai (India), Seed	Insurance-agnostic policy management app	$1.57M	Crossroad, Ajcon IT & 24 others	46/100
7th	SureIn 2021, Berlin (Germany), Seed	App-based comparison platform for property insurance	$5.37M	PactVC, Sequoia Capital & 6 others	43/100
8th	NSDL National Insurance Repository 2011, Mumbai (India), Unfunded	Insurance Repository	-	-	43/100
9th	Pillar 2018, New York City (United States), Seed	Life management platform for individuals	$7M	Kleiner Perkins, Day One Ventures & 10 others	42/100
10th	CAMS Insurance Repository Services 2011, Chennai (India), Funding Raised	Insurance repository	-	-	41/100

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Founders (largest shareholder) own 37.54%, Enterprises own 23.77%, Angels own 34.50% and Other People own 1.41%. The net worth of McXtra's founders is INR 8.67Cr as of Nov 28, 2019.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	37.54%	8.67Cr	4225627	6274897	1905748	8226731
A S Narayanan	3220759	9746301	2263462	1155900	4271319	2305837
Nimish Airon	3852133	7506753	9653967	8976252	4542971	5571628
Enterprise	23.77%	5.49Cr	1736946	1035712	5355681	5666358
Angel	34.50%	7.98Cr	5741674	2906445	3640236	1591871
Mark Cullinane	64174	48449	42380	55170	80120	12996
Rajiv Sawhney	5	1	5	4	3	1
Divya Raj	0	0	0	0	0	0
Suman Shrivastava	0	0	0	0	0	0
Other People	1.41%	32.6L	8	4	2	1
ESOP Pool	2.77%	63.9L	26	10	67	81
Total	99.99%	23.1Cr	1483014	3427340	3248504	2861286