Search company, investor...
BimaDirect company logo

BimaDirect

bimadirect.com

Stage

Acquired | Acquired

Valuation

$0000 

About BimaDirect

BimaDirect is an online platform that allows users to compare and buy insurance products.

Headquarters Location

Moin Court 6-2-46 A.C. Guards, Masabtank

Hyderabad, 500 004,

India

1800-108-8888

Missing: BimaDirect's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: BimaDirect's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Expert Collections containing BimaDirect

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

BimaDirect is included in 2 Expert Collections, including Insurtech.

I

Insurtech

3,739 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

3,780 items

Latest BimaDirect News

India Dealbook: Essel Finance acquires Bimadirect; Printo buys Print Bazaar

Sep 4, 2017

Essel Finance acquires online insurance agent Bimadirect Essel Finance Management has acquired online insurance agent Bimadirect, operated by Coretree Insurance for an undisclosed amount, according to a report in The Economic Times. According to sources quoted in the report, the deal is pegged at Rs 25-30 crore. Through the deal, entrepreneurs and investors Amit Pandey and Sudip Bandyopadhyay have made a complete exit from Coretree. Bimdirect was started in 2011 by US-based entrepreneur Amit Pandey, and in February 2016, Mumbai-based stock broker Sudip Bandyopadhyay had bought a 50 per cent stake in the company. The acquisition gives the nonbanking financial services arm of the Zee group an insurance broking license. “With the acquisition of Bimadirect. com, we are foraying into digital distribution for mass customer base,” Essel Finance managing director Amitabh Chaturvedi told the news paper. Printo acquires smaller rival Print Bazaar Printing solutions company Printo Document Services , which operates the Printo retail chain brand, has acquired Delhi- Print Retail India, which owns and operates the Print Bazaar, said a report in The Economic Times. According to sources quoted in the report, the all-stock deal valued, smaller rival Print Bazaar at Rs 8-10 crore. “We believe consolidation gives us a competitive advantage and we can collectively grow fast grow faster…With the Print Bazaar acquisition, we have not only fulfilled this goal, but also created a platform that will help us penetrate deeper into the North India market,” said Balu Iyer, chief executive at Printo. Under the terms of the transaction the Print Bazaar brand will be discontinued. Also Read:

BimaDirect Frequently Asked Questions (FAQ)

  • Where is BimaDirect's headquarters?

    BimaDirect's headquarters is located at Moin Court, Hyderabad.

  • What is BimaDirect's latest funding round?

    BimaDirect's latest funding round is Acquired.

  • Who are the investors of BimaDirect?

    Investors of BimaDirect include Essel Finance and Sudip Bandyopadhyay.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.