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- IndiaFirst Life Insurance
IndiaFirst Life Insurance Valuation, Funding & Investors
IndiaFirst Life Insurance is valued at $403M as of June 2018.
Last IndiaFirst Life Insurance valuation
$403M
Undisclosed stage · Jun 2018
Last IndiaFirst Life Insurance funding round
$105M
Undisclosed stage · Jun 2018
Cumulative funding IndiaFirst Life Insurance raised
$105M
across 1 funding round
Key investors in IndiaFirst Life Insurance
Warburg Pincus
BNP Paribas Cardif
About IndiaFirst Life Insurance
IndiaFirst Life Insurance is a Mumbai-headquartered life insurer that delivers term plans, savings-linked policies, child education coverage, retirement annuities, and group credit life products. Established in 2009 as a joint venture between Bank of Baroda, Andhra Bank, and Legal & General, the company operates over 400 branches across India. It manages assets under management exceeding INR 15,000 crore and serves more than 5 million policyholders through digital platforms and agency networks. IndiaFirst partners with banks for bancassurance distribution and emphasizes rider options like critical illness and accidental death benefits in its portfolio.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$403M (Jun 2018)
Sectors
IndiaFirst Life Insurance Valuation
IndiaFirst Life Insurance is currently valued at $403M, based on its undisclosed-stage round in June 2018.
The $105M round was led by Warburg Pincus.
IndiaFirst Life Insurance valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2018 | Undisclosed stage | $403M |
IndiaFirst Life Insurance Funding History
IndiaFirst Life Insurance has raised a total of $105M across 1 funding round, plus 1 secondary share sale.
IndiaFirst Life Insurance funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Jul 2026 | Secondary | BNP Paribas Cardif (lead) | - | - |
| Jun 2018 | Undisclosed stage | Warburg Pincus (lead) | $105M | $403M |
Who has invested in IndiaFirst Life Insurance?
2 investors have backed IndiaFirst Life Insurance across its funding rounds, including Warburg Pincus and BNP Paribas Cardif.
Lead investors include BNP Paribas Cardif and Warburg Pincus.
IndiaFirst Life Insurance Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialIndiaFirst Life Insurance Competitors
IndiaFirst Life Insurance competitors include listed companies like Tower Ltd, Sjova-Almennar tryggingar, American Coastal and Waterdrop, and private ones like Lassie and Rhino.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $400M | 4.0x | ||
| Publicly listed | $344M | $74M | $390M | 1.0x | ||
| Publicly listed | $287M | $28M | $388M | - | ||
| Publicly listed | $335M | $160M | $433M | 0.7x | ||
| Publicly listed | $593M | $63M | $366M | 0.4x | ||
| Private | $60M | - | $450M | 7.5x |
IndiaFirst Life Insurance Public Comps
IndiaFirst Life Insurance is still privately-owned, but its public comps include Tower Ltd, Sjova-Almennar tryggingar, American Coastal, Waterdrop, Activo Inmobiliario Peruano, AMERISAFE, Ray Sigorta, STAR, Qatar Islamic Insurance and Nodak Insurance.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $344M | $74M | 1.0x | 1.0x | 4.7x | 4.1x | |||
| $287M | $28M | 1.3x | - | 13.9x | - | |||
| $335M | $160M | 1.1x | 0.7x | 2.3x | - | |||
| $593M | $63M | 0.5x | 0.4x | 4.3x | 3.8x | |||
| $100M | $45M | 3.5x | - | 7.8x | - | |||
| $317M | $60M | 1.3x | 1.3x | 7.1x | - | |||
| $652M | $111M | 0.0x | - | 0.0x | - | |||
| $153M | - | 1.9x | 1.7x | - | - | |||
This data is available for Pro users. Sign up to see all IndiaFirst Life Insurance competitors and their valuation data. Start Free Trial | ||||||||
Common questions about IndiaFirst Life Insurance
| When was IndiaFirst Life Insurance founded? | IndiaFirst Life Insurance was founded in 2009. |
| Where is IndiaFirst Life Insurance headquartered? | IndiaFirst Life Insurance is headquartered in Mumbai, India. |
| Is IndiaFirst Life Insurance publicly listed? | No, IndiaFirst Life Insurance is a private, VC-backed company. |
| What is IndiaFirst Life Insurance's valuation? | IndiaFirst Life Insurance was last valued at $403M in its undisclosed-stage round in June 2018. |
| How much funding has IndiaFirst Life Insurance raised? | IndiaFirst Life Insurance has raised $105M across 1 funding round. |
| What was IndiaFirst Life Insurance's last funding round? | IndiaFirst Life Insurance's last funding round was a $105M undisclosed-stage round in June 2018, led by Warburg Pincus. |
| Who are IndiaFirst Life Insurance's investors? | IndiaFirst Life Insurance's investors include Warburg Pincus and BNP Paribas Cardif. |
| Which companies are comparable to IndiaFirst Life Insurance? | Companies comparable to IndiaFirst Life Insurance include Lassie, Tower Ltd, Sjova-Almennar tryggingar, American Coastal, Waterdrop and Rhino. |
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