Bharatsure, an insurtech startup offering Infrastructure as a Service (IaaS) solutions, has raised ₹6 crore in a funding round led by Inflection Point Ventures (IPV). The round also saw participation from other investors, including Capital A and Atrium Angels.
Founded in 2021 by Anuj Parekh and Sanil Basutkar, Bharatsure offers a full-stack technology, servicing and product infrastructure that helps our partners like brokers, agents, banks and fintech institutions seamlessly distribute group insurance and healthcare benefits to organizations across India with a superior customer experience.
Bharatsure has doubled its revenues in FY25, breaking even at CM3 and is gradually progressing toward EBITDA profitability by the end of this year. Bharatsure is targeting ₹100 crore by FY28 and ₹1,000 crore by FY34.
Recently, Bharatsure announced a new partnership with Battery Smart, a battery-swapping network for electric two- and three-wheelers, to launch natural calamity insurance exclusively for its station partners.
Mitesh Shah, Co-founder, IPV, said, “As India moves towards a greener and sustainable future with the widespread adoption of EVs, and the infrastructure that supports it, it is time that we adapt our insurance frameworks to suit the changing needs. Bharatsure’s futuristic mindset and farsight offers financial protection and peace of mind in the face of unexpected events. In a world that doesn’t always go according to plan, insurance doesn’t just offer protection, it also carries the burden of social responsibility.”
