Easypolicy Insurance Web Aggregator Pvt. Ltd.

Easypolicy Insurance Web Aggregator Pvt. Ltd. operates as a digital platform, simplifying access to various insurance products through comparison tools, thereby facilitating informed purchasing decisions for consumers and businesses alike. Founded in 2011 in Noida, India, Easypolicy Insurance Web Aggregator Pvt.

Ltd. provides a platform where users can compare and purchase insurance policies. The firm has successfully raised INR 318. 4 million in funding, led by Unilazer Ventures, with a total amount raised of INR 318.

4 million as of February 1, 2019. The company's CEO is Arvind Shivhare, and it was co-founded by Divyanshu Tripathi. Easypolicy. com offers a platform primarily focused on facilitating access to information regarding various insurance products.

Their core offerings include an insurance comparison tool that allows users to evaluate different policies across multiple providers, assisting individuals and businesses in selecting suitable options in health, life, automobile, and travel insurance. The platform serves a diverse client base, including individual consumers and small to medium-sized enterprises, and is marketed predominantly in the Indian subcontinent, addressing the rising demand for simplified insurance solutions in the region. In the most recent fiscal year of 2022, Easypolicy Insurance Web Aggregator Pvt. Ltd.

generated revenue amounting to INR 659,847. 9, while reporting an EBITDA of -INR 205,500. 2 for the same period. The revenue model is primarily commission-based, earning fees from insurance providers upon successful transactions facilitated through the platform.

Easypolicy plans to leverage its recent funding of INR 318. 4 million to expand its service offerings and enhance its platform capabilities. The company is working on launching new products designed to meet specific customer needs, although release dates have not been disclosed. Additionally, Easypolicy aims to expand its operations into other geographic markets, targeting regions beyond the Indian subcontinent, to capitalize on the growing demand for insurance solutions.

The funding will support these growth initiatives and bolster its competitive position in the industry.