Square Insurance funding, investors and company details

Square Insurance is an emerging Insurance startup from Jaipur, working in the space of Licensed direct insurance broker facilitating online comparisons, purchases, and renewals of motor, health, life, and general insurance policies from multiple insurers. Founded by Rakesh kumar.

Company: Square Insurance Brokers Private Limited
Sector: Insurance
Location: Jaipur
Founders: Rakesh kumar
Total funding raised: ₹33.43 Cr

Company overview

Square Insurance Brokers operates as a licensed direct insurance broker facilitating online comparisons, purchases, and renewals of motor, health, life, and general insurance policies from multiple insurers. Core activities include generating instant quotes via digital platforms, policy issuance with e-delivery, claim assistance coordination, premium financing options, and personalized servicing through mobile apps and support teams. It manages customer onboarding with document uploads, policy lockers for storage, renewal reminders, and grievance redressal while ensuring regulatory compliance across retail and corporate segments.

Funding rounds

Latest round (Pre Series A): $ 3.00 Mn (₹25.16 Cr.), 2024-08-02. Investors: Bizdateup, Negen Capital, Yogesh Chaudhary, Prashant Kothari
Past round (Seed): $ 1.00 Mn (₹8.27 Cr.), 2023-08-23. Investors: Recur Club