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SecureNow

SecureNow

SecureNow Insurance Brokers Pvt Ltd, a young insurance broking firm, is bridging a vital gap by distributing pure-risk, commercial insurances to small and medium enterprises.

Tag IconInsurance,  FinTech  
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SecureNow
SecureNow
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Basic Information
SecureNow Insurance Brokers Pvt Ltd, a young insurance broking firm, is bridging a vital gap by distributing pure-risk, commercial insurances to small and medium enterprises. These small companies do not have access to quality insurances of their own. SecureNow is able to distribute commercial insurances in a sustainable manner by the effective use of technology. It is a full service firm that provides excellent claims support to small companies in addition to placing quality insurances. The company’s success can be gauged by the fact that it has over 20,000 clients and acquires new clients rapidly. SecureNow deploys several technology tools, including a mobile app (Notify) and a CRM system (PAM), to deliver insurance seamlessly and to make the claims process efficient and hassle-free. To help clients make an informed choice, they help compare quotes from at least three top insurance companies. Being a leading insurance broker, they have access to all insurance companies in India such as New India, National, LIC, and ICICI Lombard.
Legal Name
:
SecureNow Insurance Broker Pvt. Ltd.
Headquarters
:
Gurugram, Haryana, India
Business Model
:
B2B,  B2B2C  
Founding Date
:
Nov 2011
No. of Employees
:
151 to 250
Core Team
:
1.  
Kapil Mehta
Co-Founder
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2.  
Abhishek Bondia
Co-Founder
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Timeline

2011

Company Incorporation

Nov | Company Incorporation

Launched SecureNow App - Notify

2016

Raised Funding

Jan | Raised Funding

Raised Institutional Funding -Series A

2019

Product Launch

Dec | Product Launch

Re-launched SecureNow App

Revenue Stream
Commission on transaction
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Target Market
B2B
MSMEs and Micro Enterprises
Client Segment
:
Travel/Hospitality,  Enterprise Tech,  HealthTech / MedTech / Healthcare  
Target Companies
:
Medium Enterprise,  Startup,  Small Enterprise  
Target Geography
:
India,  India Tier 1,  India Tier 2  
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Funding

Total Funding

$7.0M

Investors
:
1.  
Apis LPP
2.  
Elevar Equity
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Detail Round Breakdown
Round 1
Round 2

$3M

Series Name
:
SERIES-B
Date
:
1st Feb 2016
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[Funding alert] Insurance broker SecureNow raises $6M in Series B round

‘We sold insurance worth Rs. 21 crore in 3 years and turned profitable’: Abhisek Bondia, SecureNow

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