Insurance Sector Funding Report 2021-2022 in India

Posted by Hitul Mistry

/

02 Nov 22

Tagged under: #insurance,#report

Digiqt Technolabs publishing market research result for funding of Insurance industry.

Our Insights

  • Companies who got funding in 2021, in the last 1 year,
    • 60% of companies grew their digital technology team.
    • 70% of companies grew their business and sales team.
    • 45% of companies grew their finance team.
  • Companies who got funding in 2022, in the last 1 year,
    • 71% of companies grew their digital technology team.
    • 65% of companies grew their business and sales team.
    • 52% of companies grew their finance team.
  • In 2021 and 2022 highest number of seed rounds took place.
  • Startups that raised funds in 2021^ 10% of them re-raised funds in 2022,
  • In 2022 Startups acquired Technology companies to strengthen their capabilities.
  • We show growth in Insurance Infrastructure startups such as Riscovery, Zopper and InsureMO.
  • More funding rounds in General Insurance Sector.
  • Total Investment amount grew in 2022 but^ number of investors invested decreased.
  • Investment in Insurance sector more than doubled in 2022.

Number of Investors

Year No. of Investors
2021 67
2022 52

InsureTech Startup Funding

Year 2021

$1,630,945,992

Quarter Month Quarter Funding ($)
Jan - Mar Q1 65M
Apr - Jun Q2 207M
Jul - Sep Q3 237M
Oct - Dec Q4 2004M

Year 2022

$3,402,099,068

Quarter Month Quarter Funding ($)
Jan - Mar Q1 89M
Apr - Jun Q2 3256M
Jul - Sep Q3 277M

Funding Types

Investors in 2021

  • Omnivron - 1
  • Better Capital - 1
  • Sequoia Capital India - 1
  • Axis Bank - 1
  • Unicorn India Ventures - 1
  • IIFL Asset management - 1
  • BlueOrchard Finance S A - 1
  • Tirumala Gudla - 1
  • iseed - 1
  • Intact ventures - 1
  • Susheel Tejuja - 1
  • Capital Group - 1
  • Jungle ventures - 1
  • Munich Re Ventures - 1
  • Ashish Goyal - 1
  • Swiss RE - 1
  • Faering Capital - 1
  • Venture Catalyts - 1
  • Gaurav Munjal - 1
  • Titan capital - 5
  • Sachin Pillai - 1
  • Apis Partners - 1
  • Ramakant Sharma - 1
  • Survam Partners - 1
  • IIFL Asset Management - 1
  • Gokul Rajaram - 1
  • LV Angel Fund - 1
  • Gemba Capita - 1
  • Dream Incubator - 1
  • BlinC invest - 1
  • First Cheque - 1
  • ZNL ventures - 1
  • Apis Partner - 1
  • General Atlantic - 1
  • Faering capital - 1
  • Goodwater Capital - 1
  • Evolvence India Fund - 1
  • A91 partners - 1
  • TVS capital f unds - 2
  • Equanimity Investments - 1
  • GGV Capital - 1
  • MAGIC f und - 2
  • Venture Catalysts - 1
  • Charan Singh - 1
  • Lok capital - 1
  • Multiply ventures - 2
  • Kunal Shah - 3
  • Better capital - 2
  • Surge - 1
  • Pentathlon ventures - 1
  • Omidyar Network India - 1
  • Saujanya Shrivastava - 1
  • SEA f und - 1
  • Sumit Maniyar - 1
  • Y Combinator - 1
  • Amino capital - 1
  • Karthik Sridhar - 1
  • GIC - 1
  • Acequia Capital (AceCap) - 1
  • Varanium Capital Advisors - 1
  • Tiger Global Management - 1
  • Bharath Inclusion seed fund - 1
  • 9Unicorns Accelerator Fund - 2
  • Bessemer Venture Partners - 1
  • Lightspeed Venture Partners - 1
  • Lightspeed India Partners - 1
  • Susquehanna International Group (SIG) - 2

Investors in 2022

  • Goodwater capital - 1
  • Ashish Sharma - 1
  • Zerodha - 1
  • Generali Group - 1
  • Blume ventures - 2
  • Unicorn India Ventures - 1
  • Y combinator - 1
  • Ramakant sharma - 1
  • DLF Family Office - 1
  • Vitruvian partners - 1
  • Beyond next ventures - 1
  • SIG Venture Capital - 1
  • Jungle ventures - 1
  • Das capital - 1
  • Rebright Partners - 1
  • IIFL Finance - 1
  • Nexus venture partners - 1
  • Wellington Management - 1
  • Pavitar Singh - 1
  • Amansa Capital - 1
  • Utsav Somani - 1
  • Varun Jaipuria - 1
  • Titan capital - 1
  • Soma Capital - 1
  • Magallanes Impacto FIL - 1
  • Northern Arc - 1
  • Capital 2B - 1
  • Leo Caital India - 1
  • Nitin Gupta - 1
  • Kunal Shah - 1
  • Creaegis - 1
  • Abhishek Goyal - 1
  • GAWA capital - 1
  • Sequoia Capital - 1
  • Seeders - 1
  • ACE & company - 1
  • ICICI venture - 1
  • Rahul Gautam - 1
  • Dhruv Dhanraj Behl - 1
  • Rohan Kumar - 1
  • SEA fund - 1
  • Alok Mittal - 1
  • Marshall Wace - 1
  • Haus Khas ventures - 1
  • Chiratae Ventures - 1
  • Rajiv Dadlani Group - 1
  • Niraj singh - 1
  • Bessemer Venture Partners - 1
  • Relentless Pursuit Partners - 1
  • Tiger Global Management - 1
  • Ithan Creek Master Investors - 1
  • Abu Dhabi investment Authority - 1

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