Probus Insurance is a Mumbai-based insurtech startup.

Basic Information

Founded in 2003, Probus has transitioned from a traditional insurance brokerage firm to a tech-enabled platform, Building a robust framework and ecosystem in the online retail distribution space. The number of policies sold through the online portal increased from 67,000 to 1.3 million across 14,500 pin codes in FY-21. Besides its online presence, the firm has a local footprint and distribution network, covering over 400 cities, and is expected to reach out to more than 10 million insurance beneficiaries in the next four years. Probus Insurance currently offers Motor insurance, Life insurance, Health insurance, Travel insurance, and Sachet products on its online platform. Probus has a comprehensive, tailor-made product offering with Tier II and III cities comprising more than 80 percent of its reach. See more

Legal Name

:

Probus Insurance Broker Pvt Ltd

Headquarters

:

Mumbai, Maharashtra , India

Founding Date

:

2003

No. of Employees

:

251 to 500

Core Team

:
1.

Rakesh Goyal

Managing Director

2.

Trupti Balasubramaniam

Principal Officer and CEO

Funding

Total Funding

$6.7M

Investors

:

1.

BlueOrchard Finance S A

Detail Round Breakdown

Round 1

$6.7M

Series Name

:

OTHER

Date

:

7th Dec 2021

Investors

:
1.

BlueOrchard Finance S A