Insurance Sector Funding Report 2021-2022 in India
Insurnest publishing market research result for funding of Insurance industry.
Our Insights
- Companies who got funding in 2021, in the last 1 year,
- 60% of companies grew their digital technology team.
- 70% of companies grew their business and sales team.
- 45% of companies grew their finance team.
- Companies who got funding in 2022, in the last 1 year,
- 71% of companies grew their digital technology team.
- 65% of companies grew their business and sales team.
- 52% of companies grew their finance team.
- In 2021 and 2022 highest number of seed rounds took place.
- Startups that raised funds in 2021^ 10% of them re-raised funds in 2022,
- In 2022 Startups acquired Technology companies to strengthen their capabilities.
- We show growth in Insurance Infrastructure startups such as Riscovery, Zopper and InsureMO.
- More funding rounds in General Insurance Sector.
- Total Investment amount grew in 2022 but^ number of investors invested decreased.
- Investment in Insurance sector more than doubled in 2022.
Number of Investors
| Year | No. of Investors |
|---|---|
| 2021 | 67 |
| 2022 | 52 |
InsureTech Startup Funding
Year 2021
$1,630,945,992
| Quarter Month | Quarter | Funding ($) |
|---|---|---|
| Jan - Mar | Q1 | 65M |
| Apr - Jun | Q2 | 207M |
| Jul - Sep | Q3 | 237M |
| Oct - Dec | Q4 | 2004M |
Year 2022
$3,402,099,068
| Quarter Month | Quarter | Funding ($) |
|---|---|---|
| Jan - Mar | Q1 | 89M |
| Apr - Jun | Q2 | 3256M |
| Jul - Sep | Q3 | 277M |
Funding Types
Investors in 2021
- Omnivron - 1
- Better Capital - 1
- Sequoia Capital India - 1
- Axis Bank - 1
- Unicorn India Ventures - 1
- IIFL Asset management - 1
- BlueOrchard Finance S A - 1
- Tirumala Gudla - 1
- iseed - 1
- Intact ventures - 1
- Susheel Tejuja - 1
- Capital Group - 1
- Jungle ventures - 1
- Munich Re Ventures - 1
- Ashish Goyal - 1
- Swiss RE - 1
- Faering Capital - 1
- Venture Catalyts - 1
- Gaurav Munjal - 1
- Titan capital - 5
- Sachin Pillai - 1
- Apis Partners - 1
- Ramakant Sharma - 1
- Survam Partners - 1
- IIFL Asset Management - 1
- Gokul Rajaram - 1
- LV Angel Fund - 1
- Gemba Capita - 1
- Dream Incubator - 1
- BlinC invest - 1
- First Cheque - 1
- ZNL ventures - 1
- Apis Partner - 1
- General Atlantic - 1
- Faering capital - 1
- Goodwater Capital - 1
- Evolvence India Fund - 1
- A91 partners - 1
- TVS capital f unds - 2
- Equanimity Investments - 1
- GGV Capital - 1
- MAGIC f und - 2
- Venture Catalysts - 1
- Charan Singh - 1
- Lok capital - 1
- Multiply ventures - 2
- Kunal Shah - 3
- Better capital - 2
- Surge - 1
- Pentathlon ventures - 1
- Omidyar Network India - 1
- Saujanya Shrivastava - 1
- SEA f und - 1
- Sumit Maniyar - 1
- Y Combinator - 1
- Amino capital - 1
- Karthik Sridhar - 1
- GIC - 1
- Acequia Capital (AceCap) - 1
- Varanium Capital Advisors - 1
- Tiger Global Management - 1
- Bharath Inclusion seed fund - 1
- 9Unicorns Accelerator Fund - 2
- Bessemer Venture Partners - 1
- Lightspeed Venture Partners - 1
- Lightspeed India Partners - 1
- Susquehanna International Group (SIG) - 2
Investors in 2022
- Goodwater capital - 1
- Ashish Sharma - 1
- Zerodha - 1
- Generali Group - 1
- Blume ventures - 2
- Unicorn India Ventures - 1
- Y combinator - 1
- Ramakant sharma - 1
- DLF Family Office - 1
- Vitruvian partners - 1
- Beyond next ventures - 1
- SIG Venture Capital - 1
- Jungle ventures - 1
- Das capital - 1
- Rebright Partners - 1
- IIFL Finance - 1
- Nexus venture partners - 1
- Wellington Management - 1
- Pavitar Singh - 1
- Amansa Capital - 1
- Utsav Somani - 1
- Varun Jaipuria - 1
- Titan capital - 1
- Soma Capital - 1
- Magallanes Impacto FIL - 1
- Northern Arc - 1
- Capital 2B - 1
- Leo Caital India - 1
- Nitin Gupta - 1
- Kunal Shah - 1
- Creaegis - 1
- Abhishek Goyal - 1
- GAWA capital - 1
- Sequoia Capital - 1
- Seeders - 1
- ACE & company - 1
- ICICI venture - 1
- Rahul Gautam - 1
- Dhruv Dhanraj Behl - 1
- Rohan Kumar - 1
- SEA fund - 1
- Alok Mittal - 1
- Marshall Wace - 1
- Haus Khas ventures - 1
- Chiratae Ventures - 1
- Rajiv Dadlani Group - 1
- Niraj singh - 1
- Bessemer Venture Partners - 1
- Relentless Pursuit Partners - 1
- Tiger Global Management - 1
- Ithan Creek Master Investors - 1
- Abu Dhabi investment Authority - 1
Frequently Asked Questions
What were the key highlights of India's insurance sector in 2021-22?
Key highlights included digital transformation acceleration, increased insurance penetration, growth in health insurance, regulatory reforms, and adoption of technology-driven solutions across the sector.
How did the Indian insurance market perform in 2021-22?
The market showed strong growth with increased premium collections, expansion in rural markets, digital adoption, and resilience during the pandemic with continued focus on customer-centric solutions.
What regulatory changes impacted India's insurance sector in 2021-22?
Regulatory changes included digital KYC norms, video-based customer identification, relaxed investment guidelines, and measures to promote insurance inclusion and customer protection.
What trends shaped India's insurance industry in 2021-22?
Trends included accelerated digitalization, health insurance growth, parametric insurance products, insurtech partnerships, and increased focus on customer experience and financial inclusion.
