Insurance Agency Investment Opportunity in Gurgaon, India
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | Nil |
Run Rate Sales | USD 82 thousand |
EBITDA Margin | 12 % |
Industries | Insurance Agencies |
Locations | Gurgaon |
Local Time | 6:52 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Moderately Active |
Since our launch in April, we have partnered with over 10 insurance companies, listing their products on our website to meet diverse customer needs. Currently, we are on track with an annual revenue run rate of INR 60 lakh.
- Revenue model:
Gross margin: currently 40%, with potential to reach up to 50%.
Net margin: currently 12-15%, with potential to reach up to 20%.
Break-even point: we anticipate achieving operational break-even within 6-9 months.
Investment Required: USD 357,499.28 (INR 3 crore) to enhance marketing strategies and expand the operations team (sales and business) in Gurgaon. Our goal is to achieve INR 12 crore in annual revenue with a 22% EBITDA within 18 months of securing investment.
- Founding team:
* Promoter (1): brings over 6 years of experience in the insurance industry (formerly with Policy Bazaar and IND Money). With a Bachelor of Technology, is instrumental in building relationships with insurance companies and shaping our long-term strategies.
* Promoter (2) (founder & CTO): has a Bachelor of Technology in Computer Science with over 8 years of IT experience, leads our technical team, ensuring innovative and effective solutions for our website and infrastructure.
* Promoter (3) (co-founder & COO): has a post-graduate in mass communication with 10+ years in insurance (Ex Policy Bazaar employee) and client relations, oversees operational strategies and human resources, guiding our efforts towards long-term success.
Customers in India with age group of 25-50 usually buy our products.
We have 20 desktops, 2 air conditioners, and basic office amenities as our assets (INR 6 lakh)
Not taken any loans or funding as of now.
-
Earlier than 15 daysChairman, Cooperative Institution, Patna, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Insurance, Brisbane City, Individual Investor / Buyer connected with the Business