Symbo - About the company
Symbo is a series A company based in Mumbai (India), founded in 2017 by Anik Jain, Abhinav Jhunjhunwala, Adrit Raha and Kartik Poddar. It operates as a Provider of insurance products across various industries and business types. Symbo has raised $9.4M in funding from Think Investments and CE Innovation Capital, with a current valuation of $*****. The company has 134 active competitors, including 42 funded and 3 that have exited. Its top competitors include companies like Bolttech, Akur8 Technologies and Zopper.
Company Details
Provider of insurance products across various industries and business types. The company offers relevant and comprehensive protection plans for customers at the point of purchase. It delivers coverage plans to ensure customers are protected. The business helps other businesses design and sell insurance with cloud-based technology.
- Website
- www.symbo.co/
- Social
- Email ID
- *****@symboinsurance.com, *****@symboinsurance.com
- Phone Number
- +91 **********
- Registered Address
- FLEET HOUSE, NEAR MAROL NAKA METRO STATION, ANDHERI KURLA ROAD, ANDHERI EAST, Marol Naka, Mumbai, Mumbai, Maharashtra, India, 400059
Key Metrics
Founded Year
2017
Location
Mumbai, India
Stage
Series A
Total Funding
$9.4M in 1 round
Latest Funding Round
Post Money Valuation
$***** as on Oct 17, 2024
Investors
Ranked
17th among 134 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
107 as on Sep 30, 2026
Legal entities associated with Symbo
Symbo is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
SYMBO PLATFORM HOLDINGS PTE. LTD. UEN: 201714073N , Singapore, Active | May 22, 2017 | $1M - $10M (As on Mar 31, 2024) | - | |
BAYVIEW DIGITAL SOLUTIONS PRIVATE LIMITED CIN: U74900MH2016PTC282478 , India, Active | Jun 16, 2016 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 44 (As on May 01, 2026) | |
SYMBO SOUTHASIA ENTERPRISES PRIVATE LIMITED CIN: U74999MH2017PTC302487 , India, Active | Dec 05, 2017 | 0 - ₹10 Cr (As on Mar 31, 2025) | 41 (As on Aug 01, 2025) |
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Symbo's funding and investors
Symbo has raised a total funding of $9.4M over 1 round. Its latest funding round was a Series A round on Mar 04, 2021 for $*****. 5 investors participated in its latest round. Symbo has 11 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Symbo:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 04, 2021 | 2396662 | Series A | 8667475 | 9152474 | 9835267 | 5016805 |
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Symbo's founders and board of directors
Founder? Claim ProfileHere are the details of Symbo's key team members:
- Anik Jain: Former Co-Founder of Symbo and founder of 2 other companies, Symbo India Insurance Broking and Symbo. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Abhinav Jhunjhunwala: Co-Founder of Symbo. They serve on the boards of 2 companies.
- Adrit Raha: Former Co-Founder of Symbo and founder of 1 other company.
- Kartik Poddar: Co-Founder & CBO of Symbo. Contact Info: 1 email address
Symbo's Board of Directors
Symbo's board has 3 active members. Abhinav Jhunjhunwala and Patel Jinesh Kiran are part of team and Anubhav Gupta is independent board member.Here is the list of Symbo's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 4m | |
Investor | Integra Partners | Current | 8y 6m | |
Independent board member | - | Current | 5y 9m | |
yhaozke | Independent board member | - | Past | 1y 4m |
View details of Symbo's Founder profiles and Board Members
Symbo's employee count trend
Symbo has 107 employees as of Sep 26. Here is Symbo's employee count trend over the years:
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Symbo's Competitors and alternates
Top competitors of Symbo include Bolttech, Akur8 Technologies and Zopper. Here is the list of Top 10 competitors of Symbo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital infrastructure for embedding insurance into customer journeys | $640M | 78/100 | ||
2nd |  Akur8 Technologies 2018, Paris (France), Series C | Provider of pricing and reserving platform for the insurance industry | $180M | 70/100 | |
3rd | Provider of API-enabled insurance distribution and management solutions | $125M | 67/100 | ||
4th | Cover Genius 2014, New York City (United States), Series F | Provider of a software suite for the insurance industry | $366M | 67/100 | |
5th |  Bharatsure 2021, Mumbai (India), Seed | Provider of technology and infrastructure for employee benefits and embedded insurance | $3.25M | 66/100 | |
6th | Software suite for the insurance industry | $100M | 65/100 | ||
7th |  Sure 2013, San Diego (United States), Series C | Insurance as a service platform for insurance carriers and other businesses | $123M | 65/100 | |
8th | AI-based software suite for the insurance industry | $53M | 62/100 | ||
9th |  Boost 2017, New York City (United States), Series B | Provider of infrastructure for digital insurance programs, MGAs, and embedded insurance | $37M | 60/100 | |
10th |  SureBright 2004, Toronto (Canada), Seed | Provider of an insurance-as-a-service platform | $3M | 59/100 | |
17th | Provider of insurance products across various industries and business types | $9.4M | 46/100 |
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Symbo's Investments and acquisitions
Symbo has made no investments or acquisitions yet.
Reports related to Symbo
Here is the latest report on Symbo's sector:
News related to Symbo
•
Insurtech Firm CoverGo Appoints Adrit Raha as Managing Director for APACFinTechnews•Feb 23, 2023•CoverGo, Symbo
•
Borzo, Symbo tie up to provide insurance to over 50,000 delivery partnersBusiness Standard•Feb 17, 2023•Borzodelivery, Symbo
•
StepSetGo partners with Symbo for Health Insurance to give 'Big Wins' on meeting your Fitness Goals!Business Standard•Jul 16, 2022•StepSetGo, Symbo India Insurance Broking, Symbo Insurance, Symbo
•
Symbo Platform Raises US$9.4M in Series A FundingFinSMEs•Mar 04, 2021•Symbo, CreditEase FinTech Investment Fund, Think Investments, Integra Partners and 8 others
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