Capital-A, an early-stage venture capital fund, financed a $1 million fundraising round for Bharatsure, the parent company of Healthysure.
Grip Invest and returning investors Inflection Point Ventures, Dexter Ventures, HEM Angels, and We Founder Circle also participated in the round, as reported by BW Disrupt.
Bharatsure Co-founder and CEO, Anuj Parekh, said, “This funding round marks a significant milestone for Bharatsure. This fresh capital injection will further fuel our mission to democratize group insurance, making it accessible and affordable for organizations and groups across the country. We are excited to have the support and trust of our investors as we continue on our journey to revolutionize group insurance distribution in India.”
Infrastructure-as-a-Service (IaaS) services are offered by Bharatsure to insurance vendors, including banks, agents, and licenced brokers.
Ankit Kedia, Founder & Lead Investor, Capital A, said “Bharatsure’s potential to establish a digital ecosystem catering to employers nationwide and facilitating the acquisition of diverse insurance products and healthcare services, positions it as a transformative force within the Indian Insurtech sector. This alignment with evolving market dynamics led us to invest in the company. We have immense confidence in their ability to revolutionize the insurtech landscape.”
Bharatsure, which was founded in May 2021 by Anuj Parekh and Sanil Basutkar, powers insurance access in India by providing a full-stack technology, servicing, and product infrastructure that enables our partners, brokers, agents, banks, and fintech companies, to easily and superior customer experience group insurance and healthcare benefits to organisations across India.