Bharatsure, an insurtech firm providing Infrastructure-as-a-Service (IaaS) for insurance, has raised Rs 6 crore in a funding round led by Inflection Point Ventures (IPV), along with Capital A and Atrium Angels. The capital infusion aims to support Bharatsure’s expansion as it builds modular, scalable insurance solutions for a broad spectrum of institutions—from small enterprises to large organizations.
Bharatsure’s IaaS platform enables seamless integration of insurance offerings into business workflows through a partner-first distribution model. By embedding protection directly within operational ecosystems, the company empowers insurance distributors and institutional partners to deliver tailored group insurance, employee benefit plans, and wellness products.
Co-founded by Anuj Parekh and Sanil Basutkar, Bharatsure brings together strong leadership with complementary backgrounds. Anuj, a chartered accountant and IIM-Bangalore graduate, specializes in finance and venture scaling, while Sanil, also a CA and an ISB alumnus, brings deep fintech experience to steer product and distribution innovation.
Alongside the funding announcement, Bharatsure has revealed a strategic alliance with Battery Smart—a leading battery-swapping network for electric two- and three-wheelers. The partnership will roll out natural calamity insurance tailored for Battery Smart’s station partners, offering protection against disasters such as floods, fires, earthquakes, and storms, in addition to personal accident coverage.
Highlighting the importance of this collaboration, Sumi Jain, AVP – Network Strategy and Operations at Battery Smart, remarked: “Our station partners are at the heart of our operations. This insurance partnership is not just about protecting assets, it’s about empowering the individuals who are driving India’s EV revolution. Together with Bharatsure, we are fortifying the backbone of our network.”
The startup reported that it has doubled its revenue in FY25, achieving breakeven at Contribution Margin 3 (CM3), and is on course to reach EBITDA profitability by year-end. Looking ahead, Bharatsure has ambitious goals—targeting Rs 100 crore in revenue by FY28 and Rs 1,000 crore by FY34.
Commenting on Bharatsure’s vision, Mitesh Shah, Co-founder of IPV, said: “As India moves towards a greener and sustainable future with the widespread adoption of EVs, and the infrastructure that supports it, it is time that we adapt our insurance frameworks to suit the changing needs. Bharatsure’s futuristic mindset and farsight offers financial protection and peace of mind in the face of unexpected events.”
