- Bharatsure helps companies and their customers entry insurance coverage extra simply, driving change in India’s insurtech sector.
- This funding will empower Bharatsure to additional scale its insurance coverage infrastructure and deepen entry to related safety for companies and partner-led ecosystems throughout India.
- Bharatsure has lined 2,00,000 lives and processed greater than 10,000 claims whereas sustaining an industry-leading Google Ranking of 4.9/5.0, showcasing distinctive service and buyer satisfaction.
- To this point, Inflection Level Ventures has invested over INR 800 Cr throughout 220+ startups.
Mumbai, twenty fourth July 2025 – Bharatsure, one among India’s main Insurtech corporations providing Infrastructure as a Service (IaaS) options has raised INR 6 Crores from Inflection Level Ventures (IPV) and different traders together with Capital A and Atrium Angels.
Bharatsure is pioneering transformation in India’s insurtech panorama, unlocking huge market potential whereas advancing well being safety and insurance coverage penetration. As an Infra-as-a-Service (IaaS) Insurtech, Bharatsure empowers ecosystem companions with seamless group and embedded insurance coverage distribution options.
Bharatsure has doubled its revenues in FY25 breaking even at CM3 and is steadily progressing towards EBITDA profitability by the top of this 12 months. With a transparent progress trajectory, Bharatsure has set formidable income milestones, focusing on INR 100 Cr by FY28 and INR 1000 Cr by FY34, reflecting its daring imaginative and prescient and long-term scalability available in the market.
Anuj Parekh and Sanil Basutkar are the co-founders of Bharatsure. Anuj, a CA and IIM-Bangalore alumnus, brings deep experience in finance and scaling ventures, whereas Sanil, a CA and an ISB alumnus, employs his fintech background to drive product innovation and distribution.
Coinciding with the fundraise, Bharatsure introduced a brand new partnership with Battery Good, India’s largest battery-swapping community for electrical two- and three-wheelers, to launch pure calamity insurance coverage completely for its station companions. The initiative provides safety in opposition to occasions resembling fires, floods, earthquakes, and storms alongside private accident coverages to safeguard particular person livelihoods.
Mitesh Shah, Co-founder, IPV says, “As India strikes in the direction of a greener and sustainable future with the widespread adoption of EVs, and the infrastructure that helps it, it’s time that we adapt our insurance coverage frameworks to swimsuit the altering wants. Bharatsure’s futuristic mindset and farsight provides monetary safety and peace of thoughts within the face of sudden occasions. In a world that doesn’t all the time go in keeping with plan, insurance coverage doesn’t simply supply safety, it additionally carries the burden of social duty.”
Anuj Parekh, Co-Founder & CEO of Bharatsure, added: “These station companions play a frontline position in advancing sustainable mobility, and we’re proud to design protection that genuinely addresses their wants. The funding permits us to additional develop our infrastructure too ”
With over 1,500 stations and 70,000+ drivers throughout 50+ cities, Battery Good’s station companions kind the spine of India’s rising EV infrastructure. This insurance coverage plan ensures companions are outfitted with monetary safety to beat unexpected disruptions whereas persevering with to energy the nation’s EV transition.
“Our station companions are on the coronary heart of our operations,” stated Ms. Sumi Jain, AVP – Community Technique and Operations, Battery Good. “This insurance coverage partnership isn’t just about defending belongings, it’s about empowering the people who’re driving India’s EV revolution. Along with Bharatsure, we’re fortifying the spine of our community.”
As EV adoption picks up tempo in India significantly throughout two- and three-wheelers, battery swapping stations are rising as a essential a part of the ecosystem. To strengthen security for its companions, this insurance coverage initiative enhances Battery Good’s present security framework, which features a 24×7 help helpline, in-app situation reporting, necessary onboarding coaching and ongoing consciousness campaigns.
About Battery Good:
Battery Good is India’s largest and fastest-growing battery-swapping community for electrical two and three-wheelers. The corporate was co-founded by IIT-Kanpur graduates Pulkit Khurana and Siddharth Sikka in 2019 – to make EV adoption easy, economical, and accessible by means of a novel partner-led mannequin. Battery Good has accomplished over 75 million+ battery swaps, arrange 1500+ swap stations, and works with over 70,000+ drivers throughout 50+ cities.
For extra data, please go to: https://www.batterysmart.in/.
About Bharatsure:
Bharatsure is a number one Insurtech firm remodeling how companies and their customers entry insurance coverage in India. Its Infrastructure-as-a-Service (IaaS) platform permits organizations—starting from SMEs to giant establishments—to supply modular insurance coverage options which might be scalable, and simple to deploy. Powered by a partner-first distribution mannequin, Bharatsure embeds safety straight into enterprise ecosystems, serving to insurance coverage distributors and establishments ship impactful group covers, worker advantages, and wellness options.
To study extra, go to: https://www.bharatsure.com
About Inflection Level Ventures and Physis Capital:
Inflection Level Ventures (IPV) is an angel investing platform with over 24,000+ CXOs, HNIs,and Professionals to collectively spend money on startups. The agency helps new-age entrepreneurs by offering them with financial & experiential capital and connecting them with a various group of traders. IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to spend money on Pre-Sequence A to Sequence B growth-stage start-ups. The fund has already deployed capital in six startups to date, with a number of offers in superior phases of pipeline.
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the most recent breakthroughs, get unique updates, and join with a world community of future-focused thinkers.
Unlock tomorrow’s developments as we speak: learn extra, subscribe to our publication, and turn out to be a part of the NextTech neighborhood at NextTech-news.com
