Insurtech startup Bharatsure has raised ₹6 crore in a fresh funding round led by Inflection Point Ventures (IPV), with participation from Capital A and Atrium Angels. The company plans to use the funds to expand its insurance infrastructure and scale embedded and group insurance offerings across India.
Founded by Anuj Parekh and Sanil Basutkar, Bharatsure operates on an Infrastructure-as-a-Service (IaaS) model. It empowers businesses, SMEs, and partner-led ecosystems to embed modular and group insurance products directly into their service offerings. The platform generates revenue through policy distribution, premium commissions, and value-added insurance technology services.
In just a few years, Bharatsure claims to have built a strong presence across 50 cities, working with over 1,500 stations and 70,000 drivers, covering more than 2 lakh lives. The company has also processed over 10,000 claims, maintains a 4.9/5 Google rating, and reports having doubled its revenue in FY25 while achieving CM3-level breakeven. Looking ahead, it is targeting a ₹100 crore revenue milestone by FY28.
Bharatsure competes with other growing insurtech firms such as SecureNow, BimaKavach, and Pazcare, and is carving a niche with its deep partnerships and embedded insurance models.
Notably, the company recently partnered with Battery Smart, a leading EV battery-swapping network, to roll out natural calamity insurance for station partners. The plan covers fire, floods, earthquakes, and personal accidents, aimed at providing additional security for frontline partners.
With this latest capital infusion, Bharatsure is poised to solidify its position as a key player in India’s growing insurtech landscape, focusing on infrastructure innovation and inclusive coverage.
