Insurtech startup Bharatsure raises Rs 6 Cr in funding led by IPV

Bharatsure, an Insurtech startup, has secured Rs 6 crore in a funding round led by Inflection Point Ventures (IPV) with participation from Capital A and Atrium Angels. 

The startup plans to use the funds to grow its insurance platform and offer more embedded and group insurance plans across India.

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Mitesh Shah, Co-founder, IPV says, “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.”

Anuj Parekh, Co-Founder & CEO of Bharatsure, added: “These station partners play a frontline role in advancing sustainable mobility, and we’re proud to design coverage that genuinely addresses their needs. The funding allows us to further develop our infrastructure too ”

“Our station partners are at the heart of our operations,” said Ms. Sumi Jain, AVP – Network Strategy and Operations, Battery Smart. “This insurance partnership is not just about protecting assets, it’s about empowering the individuals who are driving India’s EV revolution. Together with Bharatsure, we are fortifying the backbone of our network.” 

About Bharatsure 

Founded by Anuj Parekh and Sanil Basutkar, Bharatsure is an Insurance-as-a-Service platform that helps businesses, SMEs, and partners offer group and modular insurance within their products.

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It partners with organizations to provide scalable insurance tech, employee benefits, and wellness solutions, earning money through policy sales, commissions, and added tech services.

With a presence in 50 cities, 1,500 stations and 70,000 drivers, the startup says it has covered over 2 lakh lives and processed 10,000 claims, maintaining a 4.9/5 rating on google. It doubled its revenue in FY25, broke even at the CM3 level and aims to reach Rs 100 crore in revenue by FY28.