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Founded Year

2008

Stage

Series D - IV | Alive

Total Raised

$118.79M

Last Raised

$5.99M | 4 yrs ago

Revenue

$0000 

About BankBazaar

BankBazaar provides an online marketplace for users with customized rate quotes on loans and insurance products. It allows users to search for, compare and apply for loans, credit cards, and insurance products on the site. The company was founded in 2008 and is based in Chennai, India.

Headquarters Location

Module No 602 - 604, 6th Floor, TICEL Bio Park Phase-II, No 5, CSIR Road, Taramani

Chennai, 600113,

India

+91 44 66511800

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ESPs containing BankBazaar

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Digital Lending Tech

The lending marketplaces market aims to provide financial inclusion and access to credit for individuals and small businesses who have been left out by traditional financial institutions. The market addresses the pain points of borrowers who lack credit history, documentation, or collateral, and offers a range of financing options with lower costs and faster processing through technology-enabled p…

BankBazaar named as Outperformer among 15 other companies, including Funding Circle, SoFi, and Upstart.

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Expert Collections containing BankBazaar

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BankBazaar is included in 3 Expert Collections, including Digital Lending.

D

Digital Lending

2,290 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

I

Insurtech

4,196 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

12,502 items

Excludes US-based companies

Latest BankBazaar News

Top 5 Best Insurance Brokerage Companies In India 2024

Dec 6, 2023

Top 5 Best Insurance Brokerage Companies In India 2024 Share In 2024, the insurance brokerage industry is poised for remarkable growth and transformation. As financial landscapes continue to evolve, individuals and businesses are seeking ever more innovative and comprehensive insurance solutions. The quest for stability and protection has never been more critical, driving the demand for reliable insurance brokerage companies to new heights. December 6, 2023 In this dynamic landscape, it’s crucial to identify the key players who are making significant strides in 2024. We will delve into the top 5 insurance brokerage companies, exploring their unique approaches, services, and contributions to the evolving insurance ecosystem. These industry leaders are not only shaping the future of insurance brokerage but also, and more importantly, safeguarding the futures of countless clients. Join us on this insightful journey to discover the top 5 insurance brokerage companies that are setting the bar high in 2024. 1. Policybazaar Policybazaar is a prominent player in the realm of insurance brokerage companies. Established as an online platform, it has revolutionized the way individuals and businesses approach insurance policies. With a primary focus on providing a seamless and user-friendly experience, Policybazaar offers a diverse array of insurance options tailored to meet various needs. Policybazaar’s platform is designed to facilitate easy comparison of insurance policies, enabling users to make informed decisions. It empowers consumers by offering a transparent view of the available insurance products, their features, and associated costs. Through their digital interface, users can efficiently compare different insurance plans and select the one that best aligns with their requirements and budget. One of the standout features of Policybazaar is its extensive network of insurance providers. By collaborating with a wide range of insurance companies, they ensure that their users have access to a comprehensive selection of policies. This broad spectrum covers life insurance, health insurance, vehicle insurance, travel insurance, and more. Additionally, Policybazaar aims to educate and inform its audience about the nuances of insurance. They offer insightful content and articles to help individuals understand the importance of insurance, its benefits, and how to choose the most suitable policy. This educational approach sets Policybazaar apart, positioning it as an ally for those seeking clarity and guidance in the complex world of insurance. In essence, Policybazaar has emerged as a go-to platform for anyone seeking insurance solutions. Their commitment to transparency, vast insurance portfolio, and dedication to empowering consumers make them a prominent player in the insurance brokerage industry. 2. Coverfox Coverfox is a prominent player in the insurance brokerage sphere, revolutionizing how individuals and businesses procure insurance policies. As an insurance intermediary, Coverfox bridges the gap between insurance providers and consumers, ensuring a seamless and efficient process in acquiring insurance coverage. At its core, Coverfox operates as an online platform that offers a diverse array of insurance products, catering to different needs and preferences. Whether it’s health, life, motor, travel, or home insurance, Coverfox provides a one-stop shop for customers to compare, select, and purchase insurance policies. One of Coverfox’s standout features is its user-friendly interface and intuitive comparison tool that allows customers to evaluate various insurance options based on coverage, premiums, and other crucial factors. This empowers consumers to make informed decisions, aligning with their specific requirements and budget constraints. Moreover, Coverfox leverages technology to streamline the insurance purchase process, minimizing paperwork and bureaucratic hassles. Customers can complete the entire insurance buying journey online, from getting quotes to policy issuance, enhancing efficiency and convenience. Coverfox stands out for its commitment to transparency and customer-centricity. They prioritize offering unbiased recommendations, ensuring customers receive the best-suited insurance plans without any hidden agendas. Additionally, their dedicated customer support assists individuals throughout their insurance journey, addressing queries and concerns promptly and effectively. In conclusion, Coverfox has emerged as a significant player in the insurance brokerage domain, redefining how insurance is procured. With its user-friendly platform, extensive insurance product offerings, and customer-centric approach, Coverfox simplifies the insurance buying process, making it accessible and convenient for all. 3. Paisabazaar Paisabazaar is a prominent insurance brokerage company that has made significant strides in the financial services sector. As an established player in the industry, Paisabazaar offers a wide range of insurance products and services, catering to diverse customer needs. The platform is known for its user-friendly interface and the ease with which customers can compare and choose insurance plans from various leading insurance providers. Paisabazaar acts as a bridge between insurance seekers and insurance providers, simplifying the process of finding the most suitable insurance policies. Through their online platform, customers can compare insurance plans in terms of coverage, premiums, and other essential features, enabling them to make informed decisions. Additionally, Paisabazaar provides personalized assistance and support to individuals seeking guidance on insurance products, ensuring a seamless and hassle-free experience. 4. BankBazaar BankBazaar is another key player in the insurance brokerage domain. Renowned for its wide network and comprehensive insurance offerings, BankBazaar facilitates a convenient platform for customers to explore and select insurance plans that align with their requirements and budget. The platform offers a one-stop solution for insurance seekers, allowing them to efficiently compare different insurance options, understand policy details, and make well-informed choices. BankBazaar is committed to enhancing the insurance shopping experience by leveraging technology and providing an intuitive interface. They prioritize customer satisfaction by offering transparency in the insurance comparison process, thereby empowering individuals to choose insurance plans that best suit their needs. With a vast array of insurance products available at their fingertips, BankBazaar ensures that customers can easily navigate the complex landscape of insurance and secure the most suitable coverage. 5. PolicyBoss PolicyBoss is a prominent insurance brokerage company in the competitive landscape of insurance services. Recognized for its exceptional service and comprehensive coverage options, PolicyBoss has established a significant presence in the insurance industry. The company serves as a reliable intermediary between insurance seekers and providers, ensuring that clients find the most suitable insurance solutions tailored to their needs. One of PolicyBoss’s key strengths lies in its commitment to customer satisfaction. The company prides itself on offering a seamless and transparent experience to clients, guiding them through the complexities of insurance policies. With a diverse range of insurance products, including life, health, motor, travel, and more, PolicyBoss strives to address the diverse needs of its clientele. Furthermore, PolicyBoss leverages cutting-edge technology to simplify the insurance purchasing process. Their user-friendly online platform allows customers to compare various insurance options effortlessly, empowering them to make informed decisions. The platform also offers expert advice and personalized recommendations to aid individuals in selecting the most suitable insurance plans. In conclusion, PolicyBoss stands out in the insurance brokerage sphere, providing an array of insurance solutions while prioritizing customer satisfaction and leveraging technology to enhance accessibility and ease of use for its clients.

BankBazaar Frequently Asked Questions (FAQ)

  • When was BankBazaar founded?

    BankBazaar was founded in 2008.

  • Where is BankBazaar's headquarters?

    BankBazaar's headquarters is located at Module No 602 - 604, 6th Floor, TICEL Bio Park, Chennai.

  • What is BankBazaar's latest funding round?

    BankBazaar's latest funding round is Series D - IV.

  • How much did BankBazaar raise?

    BankBazaar raised a total of $118.79M.

  • Who are the investors of BankBazaar?

    Investors of BankBazaar include Walden International, Peak XV Partners, Amazon, Eight Roads Ventures, SK Telecom Ventures and 6 more.

  • Who are BankBazaar's competitors?

    Competitors of BankBazaar include MyShubhLife and 3 more.

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Compare BankBazaar to Competitors

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Lendingkart

Lendingkart develops technology tools based on big data analysis which facilitates lenders to evaluate borrowers’ credit worthiness and provides other related services. It aims at bringing ease of financial assistance helping SMEs to address gaps in cash flows. Lendingkart was founded in 2014 and is based in Ahmedabad, India.

Paisabazaar Logo
Paisabazaar

PaisaBazaar is an online marketplace for lending products in India.

F
Fibe

Fibe offers a mobile application to offer short-term loans. The company provides its customers with a small bridge loan until the next salary credit. Its' credit scoring platform combines traditional credit scoring with new social and online scoring technology-linked risk assessment concepts. The company was formerly known as EarlySalary. It was founded in 2015 and is based in Pune, India.

LoanTap Logo
LoanTap

LoanTap provides digital lending platform services. It offers such as personal loans, EMI-free loans, wedding loans, holiday loans, medical loans, house owner loans, business loans, MSME loans, two-wheeler loans, and premium bike loans. LoanTap was founded in 2016 and is based in Pune, India.

WishFin Logo
WishFin

WishFin is a premier fin-tech company that operates in the financial services industry. The company offers a range of services including comparison of interest rates, calculation of EMIs, and application for loans and credit cards. It primarily serves the banking and financial sectors. It was founded in 2016 and is based in Noida, India.

IndiaLends Logo
IndiaLends

IndiaLends is a credit underwriting and analytics platform for lending. It uses proprietary algorithms to connect borrowers with financial institutions that match their credit profiles. It also provides data analytics and risk-scoring services to financial institutions. The company was founded in 2014 and is based in Gurugram, India.

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