# Insurance Samadhan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/insurance-samadhan

- Industry: Internet
- Headquarters: Noida, India
- Website: www.insurancesamadhan.com
- Total disclosed funding: $3.1M
- Latest round: Series A (Dec 21, 2022)
- Investors on record: 6

## About

Insurance Samadhan is a dedicated platform specializing in resolving insurance complaints across various domains, including life, health, and motor insurance, ensuring policyholders receive fair resolutions to their grievances.Founded in 2018, Insurance Samadhan operates out of Noida, India, providing solutions for insurance-related issues. The company was established by Deepak Uniyal, Ravi Mathur, Sanjay Aggarwal, and Shailesh Kumar. In December 2023, the company completed a SERIES A funding round, raising INR 146.970 mn from IIFL Securities, which has contributed to a total amount raised of INR 146.970 mn and a current valuation of INR 1022.990 mn.Insurance Samadhan is a specialized platform focused on resolving insurance complaints across various sectors, including life, general, health, and motor insurance. Their main offerings include assistance with claim rejections, delays in the claims process, and instances of mis-selling, ensuring policyholders receive their entitled claims. The company serves a diverse client base throughout India, providing services directly to consumers who require guidance and support in navigating the complexities of insurance claims.In 2023, Insurance Samadhan reported a revenue of INR 414680.2 and an EBITDA of -INR 727752.3. The company's revenue model combines a one-time registration fee of ?500, charged after case acceptance, and a success fee of 15% plus GST on the total claim amount recovered for the client, aligning the company's interests with those of its clients.Following the recent funding round on December 7, 2023, Insurance Samadhan plans to enhance its product offerings and expand its services into new geographic regions. The company aims to introduce innovative solutions tailored to the evolving needs of policyholders while seeking to penetrate markets beyond India. The funding will be utilized to support these growth initiatives.

## Funding rounds

- Series A, Dec 21, 2022, $3M — Raay Global Investments, 360 ONE, Equanimity Investments, 100Unicorns
- Seed, Aug 26, 2019, $0.1M — Arka Capital Advisors, Venture Catalysts

## Investors

- Arka Capital Advisors (https://capitalatlas.ai/funds/arka-capital-advisors) — Seed
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- Raay Global Investments — Series A
- 360 ONE (https://capitalatlas.ai/funds/360-one) — Series A
- Equanimity Investments (https://capitalatlas.ai/funds/equanimity-investments) — Series A
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Series A