Bharatsure, an emerging Insurtech startup, raised ₹6 crore in a funding round led by Gurugram-based Inflection Point Ventures (IPV). Other investors such as Capital A and Atrium Angels also participated in this round. This capital boost strengthens Bharatsure’s mission to transform insurance distribution through its Infrastructure-as-a-Service (IaaS) platform.
Enabling Scalable, Modular Insurance Solutions
Bharatsure’s IaaS platform simplifies and accelerates the process of distributing insurance products across industries. The company allows institutions—from small and medium enterprises to large organizations—to offer modular, scalable, and customizable insurance solutions. These solutions can easily integrate into existing business workflows, thanks to Bharatsure’s plug-and-play infrastructure.
By focusing on a partner-first model, Bharatsure drives insurance penetration across under-served segments. Insurance distributors and institutional partners use its platform to embed protection directly into their ecosystems. As a result, they can deliver group insurance, employee benefits, and wellness solutions efficiently and at scale.
Founders With Deep Domain Expertise
Co-founders Anuj Parekh and Sanil Basutkar bring a wealth of experience to Bharatsure. Anuj, a Chartered Accountant and an alumnus of IIM Bangalore, has a strong background in finance and venture scaling. Sanil, also a Chartered Accountant and an alumnus of ISB, leverages his fintech expertise to lead innovation and distribution strategies at Bharatsure. Their combined vision focuses on reimagining how insurance reaches end users—be it employees, micro-entrepreneurs, or underserved communities.
Securing EV Ecosystems Through Smart Insurance Partnerships
In a move that aligns with the future of sustainable transportation, Bharatsure announced a strategic partnership with Battery Smart, India’s largest battery-swapping network for electric two- and three-wheelers. This partnership will deliver natural calamity insurance to Battery Smart’s station partners. The coverage includes protection against disasters such as floods, fires, earthquakes, and storms. It also bundles personal accident insurance to protect the livelihood of the entrepreneurs operating these stations.
Sumi Jain, AVP – Network Strategy and Operations at Battery Smart, emphasized the importance of this partnership. She said, “Our station partners are at the heart of our operations. 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.”
This collaboration illustrates how Bharatsure customizes insurance products based on the unique needs of different industries. It also marks a significant step toward increasing insurance adoption within India’s rapidly growing electric mobility ecosystem.
Financial Milestones and Growth Projections
Bharatsure has already made remarkable progress on the financial front. The company doubled its revenue in FY25 and achieved breakeven at Contribution Margin 3 (CM3). It now moves steadily toward achieving EBITDA-level profitability by the end of the financial year.
Looking forward, Bharatsure has set ambitious goals. The startup aims to touch ₹100 crore in revenue by FY28 and reach ₹1,000 crore by FY34. These targets reflect the company’s confidence in its platform, its growing network of distribution partners, and the rising demand for embedded insurance infrastructure.
Investor Confidence and Strategic Vision
Mitesh Shah, Co-founder of Inflection Point Ventures, shared his perspective on the investment. He stated, “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.”
IPV’s backing not only brings capital but also adds strategic value through access to a wide business network, mentorship, and ecosystem support. Other investors, including Capital A and Atrium Angels, also view Bharatsure as a critical player in the digitization and democratization of insurance in India.
Solving Real-World Problems with Technology
Bharatsure solves multiple pain points in the traditional insurance value chain. Most insurers struggle to scale group insurance or wellness plans due to fragmented distribution and poor digital infrastructure. Bharatsure solves this through its API-driven IaaS platform, which integrates directly into partner systems. This integration ensures a seamless customer experience while reducing administrative overhead for insurers and aggregators.
For example, employers can deploy wellness benefits for their staff within hours instead of weeks. Similarly, fintech or EV businesses can launch co-branded protection products without hiring a dedicated insurance team.
The startup also supports data-driven personalization. Its technology stack enables real-time risk assessment, pricing flexibility, and automated claims management, all of which make insurance more relevant and accessible for diverse user groups.
Building for Bharat: Insurance for the Next Billion
Bharatsure remains committed to building insurance solutions that work for Bharat—the semi-urban and rural parts of India. Its scalable platform can power micro-insurance products that support daily wage workers, gig economy professionals, farmers, and others typically left out of the insurance conversation.
By collaborating with digital-first partners and aggregators, Bharatsure ensures that even the last-mile worker receives adequate financial protection. This aligns with national priorities such as financial inclusion, social security, and workforce formalization.
A Future-Ready Business Model
The business model that Bharatsure champions fits seamlessly into the future of insurance. It focuses on infrastructure rather than building its own insurance products. By doing so, it empowers other businesses to design and deliver the insurance that best fits their users’ needs.
This model mirrors the success of companies in other sectors that provide infrastructure—like AWS in cloud computing or Razorpay in payments. Bharatsure aims to become the “AWS of Insurance Infrastructure,” offering scalable and white-labeled solutions to the entire insurance ecosystem.
Conclusion
Bharatsure stands at the intersection of technology, insurance, and financial inclusion. With ₹6 crore in fresh funding and a growing network of strategic partnerships, the company continues to redefine how India accesses and experiences insurance. From offering embedded group benefits to enabling climate-risk protection for EV stations, Bharatsure tackles real-world challenges with precision and purpose.
As India advances toward a digital-first and sustainability-driven future, Bharatsure positions itself as a critical enabler of this transformation—ensuring that protection and peace of mind keep pace with innovation and growth.
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