Insurtech

2 audited teardowns. Data first, narratives last.

Fintech (24)D2C (12)E-commerce (7)Consumer (3)Direct-to-Consumer (3)EdTech (3)Mobility (3)NBFC (3)Audio Streaming (2)Consumer Electronics (2)Diagnostics (2)F&B (2)Healthcare (2)Insurtech (2)P2P Lending (2)Quick Commerce (2)Auto-Tech (1)B2B (1)B2B Seafood (1)E-pharmacy (1)Edtech (1)Entertainment (1)Furniture Rental (1)Health & Wellness (1)Health Tech (1)Hospitality (1)Logistics (1)Manufacturing Marketplace (1)Payments (1)Rental Marketplace (1)Roll-Up (1)SaaS (1)Silver Jewelry (1)Social Media (1)Used Car Marketplace (1)Wealth Management (1)

Plum

Plum Lost ₹14 Cr. The Broker Works. The Platform Doesn't.

Plum's consolidated revenue reached ₹66.98 Cr in FY2025, up 62% from ₹41.32 Cr. The consolidated loss was ₹13.96 Cr, down from ₹25.53 Cr, nearly halved. The insurance broking subsidiary (Plum Benefits Insurance Brokers Private Limited) generated ₹59.76 Cr in revenue and lost only ₹1.80 Cr. The parent tech entity generated ₹11.70 Cr and lost ₹12.16 Cr. Employee costs across the group were ₹56.41 Cr.

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Acko

Acko Shows ₹118 Cr Revenue. The Real Business Did ₹1,870 Cr.

The public filing for Acko Technology and Services shows ₹117.97 Cr in revenue and ₹194 Cr in losses. That entity is a tech holding company. The actual insurance business, Acko General Insurance Limited (a 100% subsidiary regulated by India's insurance regulator), wrote ₹1,870 Cr in Gross Written Premium in FY2024. The ₹3,821 Cr net worth reflects cumulative investor equity deployed into a holding structure that most public searches miss entirely.

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