Bharatsure, an insurtech startup that provides infrastructure-as-a-service (IaaS) solutions, has raised INR 6 crore in a funding round.
The funding was led by Inflection Point Ventures (IPV), with help from Capital A and Atrium Angels.
The money will be used to grow Bharatsure’s insurance technology and to offer more embedded and group insurance services throughout India.
Anuj Parekh and Sanil Basutkar founded Bharatsure. It works as an Infrastructure-as-a-Service (IaaS) platform.
The platform helps businesses, small and medium-sized companies, and partners add group and modular insurance products directly into their services.
Bharatsure works by partnering with other companies to offer easy-to-use insurance systems, employee benefits, and wellness services. It makes money by selling insurance policies, earning commissions from premiums, and providing extra insurance technology services.
The startup has over 1,500 stations and 70,000 drivers in 50 cities. It claims to have helped more than 200,000 people and processed 10,000 cases, boasting a high Google rating of 4.9 out of 5.
The company also says its revenue doubled in FY25, it reached break-even at CM3, and it aims to earn INR 100 crore in revenue by FY28.
Bharatsure competes with other insurtech companies like SecureNow, BimaKavach, and Pazcare.
Recently, Bharatsure partnered with Battery Smart, a company that offers battery-swapping for electric vehicles. Together, they launched insurance to protect station partners against natural disasters like fires, floods, earthquakes, and personal accidents.
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