Mumbai: Insurtech firm Bharatsure has secured Rs 6 crore in funding from Inflection Point Ventures (IPV), Capital A, and Atrium Angels. The investment will support the company’s efforts to expand its insurance infrastructure and deepen its presence across partner-led ecosystems.
Bharatsure offers Infrastructure-as-a-Service (IaaS) solutions, enabling businesses to embed group and retail insurance products into their platforms. The company claims to have covered over 2 lakh lives and processed more than 10,000 claims to date. In FY25, Bharatsure doubled its revenue and achieved breakeven at CM3. It expects to reach EBITDA profitability by the end of this financial year.
The startup has also set long-term revenue goals of Rs 100 crore by FY28 and Rs 1,000 crore by FY34, indicating a focus on sustainable growth.
Coinciding with the fundraise, Bharatsure announced a partnership with Battery Smart to provide insurance coverage for its EV station partners. The plan includes protection against natural calamities such as floods, fires, and earthquakes, along with personal accident coverage.
Battery Smart currently operates over 1,500 stations across 50+ cities, supporting more than 70,000 drivers. The insurance offering is positioned as a risk mitigation tool to ensure operational continuity for EV infrastructure stakeholders.
This partnership comes amid growing demand for tailored insurance products in emerging sectors like electric mobility, where infrastructure vulnerability remains a key concern.
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