# SecureNow Insurance Broker Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/securenow-insurance-broker-pvt

- Industry: Insurance
- Headquarters: Gurgaon, India
- Website: www.securenow.in
- Total disclosed funding: $6M
- Latest round: Series B (Dec 29, 2021)
- Investors on record: 1

## About

SecureNow Insurance Broker Pvt. Ltd. specializes in providing a diverse range of insurance solutions for individuals and businesses. The company leverages technology to streamline insurance processes, making them more accessible and efficient.SecureNow Insurance Broker Pvt. Ltd. was founded in 2011 in Gurgaon, India. The company offers technology-driven insurance brokerage services. It has successfully completed three deals, with the most recent funding round being a Series B in December 2021, where it raised INR 450 million from Apis Partners. The firm was co-founded by Abhishek Bondia and Kapil Mehta, who have significant experience in the insurance sector.SecureNow Insurance Broker Pvt. Ltd. offers a comprehensive suite of insurance solutions designed to cater to both individual and commercial clients. The company's core product offerings include various types of general insurance such as health, motor, home, and commercial property insurance, as well as specialized products like Directors & Officers Liability and Errors & Omissions Insurance. These services are delivered through a tech-enabled platform that allows clients to obtain quotes, purchase, and renew policies online. SecureNow caters to a diverse client base that includes over 30,000 commercial establishments and supports the needs of small to medium-sized enterprises across multiple sectors. The company operates primarily in India but also serves clients in various international markets, leveraging its extensive network of relationships with both private and public sector insurers.In the most recent financial year 2023, SecureNow reported a revenue of INR 1,623,983.70 with an EBITDA of INR -489,187.40. The company generates revenue through commissions earned from insurance policies sold via its online platform, with brokerage fees integrated into policy pricing. The flagship offerings, such as family health insurance and commercial general liability insurance, start from ?2,000 per individual for basic coverage.In December 2021, SecureNow Insurance Broker Pvt. Ltd. raised INR 450 million in Series B funding, which will be utilized to further develop their platform, bundle value-added services for clients, and enhance client outreach. The company aims to introduce new products designed for specific market segments and is exploring expansion into additional international markets to diversify its client base.

## Funding rounds

- Series B, Dec 29, 2021, $6M — Apis Partners

## Investors

- Apis Partners (https://capitalatlas.ai/funds/apis-partners) — Series B