When was Square Insurance founded?

Square Insurance was founded in 2017 and raised its 1st funding round 6 years after it was founded.

Where is Square Insurance located?

Square Insurance is headquartered in Jaipur, India. It is registered at Unit No 506, 5th Floor Trimurty V-Jai City Point Ahimsa Circle, C-Scheme, Jaipur, Jaipur, Rajasthan, India, 302001.

Who is the current CEO of Square Insurance?

Akash Parwal of Square Insurance. They have also founded 1 company.

Which legal entities is Square Insurance associated with?

Square Insurance is associated with SQUARE INSURANCE BROKERS PRIVATE LIMITED.

How many employees does Square Insurance have?

As of Aug 31, 2025, the latest employee count at Square Insurance is 243.

Is Square Insurance a funded company?

Square Insurance is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 21, 2023.

How much is Square Insurance worth?

The latest valuation of Square Insurance is ₹***** as of Jul 16, 2024.

When was the latest funding round of Square Insurance?

Square Insurance's latest funding was a $***** Seed round on Jul 16, 2024, with participation from 6 investors.

What is the annual revenue of Square Insurance?

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

Where does Square Insurance rank among its competitors?

Square Insurance ranks 43rd amongst 916 active competitors, of which 111 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was SelectQuote, which secured $350M in Feb, 2025.

Who are the top competitors of Square Insurance?

Square Insurance's top competitors include NerdWallet, Policybazaar and EverQuote. Among them, SelectQuote secured the most recent funding round in February, 2025.

Square Insurance - 2026 Company Profile, Team, Funding, Competitors & Financials

Square Insurance is a seed company based in Jaipur (India), founded in 2017 by Rakesh Kumar and Akash Parwal. It operates as a Platform for insurance broking and policy comparison. Square Insurance has raised $4M in funding from investors like Recur Club, BizdateUp and Negen Angel Fund, with a current valuation of ₹*****. The company has 916 active competitors, including 111 funded and 136 that have exited. Its top competitors include companies like NerdWallet, Policybazaar and EverQuote.

Company Details

Platform for insurance broking and policy comparison. It enables users to compare, purchase, and manage life, health, motor, travel, and business insurance policies through a single interface. The platform integrates multiple insurance providers, facilitating claims support, renewals, compliance, and real-time policy tracking to simplify insurance workflows.

Website: www.squareinsurance.in/
Social
Email ID: *****@squareinsurance.in
Phone Number: +91 **********
Registered Address: Unit No 506, 5th Floor Trimurty V-Jai City Point Ahimsa Circle, C-Scheme, Jaipur, Jaipur, Rajasthan, India, 302001

Key Metrics

Founded Year

2017

Location

Jaipur, India

Stage

Seed

Total Funding

$4M in 2 rounds

Latest Funding Round

Seed, Jul 16, 2024, $*****

Post Money Valuation

₹***** as on Jul 16, 2024

Investors

Recur Club & 9 more

Ranked

43^rd among 916 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

243 as on Aug 31, 2025

Similar Companies

NerdWallet & 1163 more

View Square Insurance's full profile

Square Insurance is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SQUARE INSURANCE BROKERS PRIVATE LIMITED CIN: U66000RJ2016PTC056324 , India, Active	Nov 07, 2016	₹100 - ₹500 Cr (As on Mar 31, 2025)	243 (As on Aug 01, 2025)

Square Insurance has raised a total funding of $4M over 2 rounds. Its first funding round was on Aug 21, 2023. Its latest funding round was a Seed round on Jul 16, 2024 for $*****. 6 investors participated in its latest round. Square Insurance has 8 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Square Insurance:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 16, 2024	8392999	Seed	4241489	6122864	8301130	9858631
Aug 21, 2023	2439123	Seed	5208558	9582903	Recur Club	6332724

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View details of Square Insurance's funding rounds and investors

The founders of Square Insurance are Rakesh Kumar and Akash Parwal. Akash Parwal is the CEO of Square Insurance.

Here are the details of Square Insurance's key team members:

Rakesh Kumar: Co-Founder & Managing Director of Square Insurance. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Akash Parwal: Co-Founder & CEO of Square Insurance.
Contact Info: 1 email address

Square Insurance's Board of Directors

Square Insurance's board has 3 active members. Rakesh Kumar and Akash Deep Parwal are part of team and Kamal Singh Panwar is independent board member.

Here is the list of Square Insurance's board of directors:

Name	Type	Representing	Status	Duration
gmzyj{y	Team	-	Past	2y 5m
wcmknve	Team	-	Past	5y 3m
Kamal Singh Panwar	Independent board member	-	Current	4y 6m

View details of Square Insurance's Founder profiles and Board Members

Square Insurance's employee count trend

Square Insurance has 243 employees as of Aug 25. The total employee count is 39.0% more than what it was in Aug 24. Here is Square Insurance's employee count trend over the years:

Employee count trend for Square Insurance

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Top competitors of Square Insurance include NerdWallet, Policybazaar and EverQuote. Here is the list of Top 10 competitors of Square Insurance, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	NerdWallet 2009, San Francisco (United States), Public	App-based comparison platform for financial products	$123M	IVP, Camelot Capital & 13 others	76/100
2nd	Policybazaar 2008, Gurugram (India), Late Stage	Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans	-	Education Growth Partners, Premji Invest & 9 others	76/100
3rd	EverQuote 2011, Cambridge (United States), Public	Online comparison platform for automotive & other insurances	$37.6M	Savano Capital Partners, Link Ventures & 7 others	74/100
4th	Insurify 2013, Cambridge (United States), Series B	Online comparison platform for car insurance	$154M	MassMutual Ventures, Nationwide & 11 others	72/100
5th	Turtlemint 2015, Mumbai (India), Series E	Provider of platform for comparing and purchasing insurance, loans, and funds	$220M	Peak XV Partners, Blume Venture & 15 others	72/100
6th	Meilleurtaux 1999, Paris (France), Acquired	App-based comparison platform for life and non-life insurance & loans	$22M	Edmond de Rothschild, Galileo Partners & 2 others	71/100
7th	Confused.com 2002, Cardiff (United Kingdom), Public	App-based comparison platform for life and P&C insurances	-	-	71/100
8th	PB Fintech 2008, Gurugram (India), Public	Provider of an online platform offering insurance and lending products through its flagship brands	$443M	Intel, SoftBank Vision Fund & 205 others	69/100
9th	CHECK24 1999, Munich (Germany), Funding Raised	Operator of online platform providing comparison services for insurance and finance	-	Accel, TruVenturo	68/100
10th	SelectQuote 1984, San Francisco (United States), Public	Online life insurance comparison platform for individuals	-	Brookside Equity Partners, HTIF & 9 others	67/100
43rd	Square Insurance 2017, Jaipur (India), Seed	Platform for insurance broking and policy comparison	$4M	Negen Angel Fund, BizdateUp & 8 others	52/100

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Founders (largest shareholder) own 59.40%, Funds own 11.37%, Enterprises own 5.61% and Angels own 4.79%. The net worth of Square Insurance's founders is INR 31.4Cr as of Jul 16, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	59.40%	31.4Cr	7377879	2189104	8667276	8181218
Rakesh Kumar	6893976	9003832	3673455	3787974	2633822	2051088
Fund	11.37%	6Cr	6294677	9499649	5563342	1051320
Negen Angel Fund	1146009	3516989	4893414	7869734	5916485	4885562
Enterprise	5.61%	2.96Cr	71001	84201	80525	65886
Angel	4.79%	2.52Cr	5432	4678	5991	5840
Other People	11.42%	6.04Cr	9436133	2866649	5945997	1712801
ESOP Pool	7.43%	3.92Cr	5431536	7464089	9708335	9313852
Total	100.00%	52.8Cr	4115392	9143491	7288126	2270951