Ditto Insurance

Ditto Insurance

Industry	Insurance
Founded	2020
Founder	Shrehith Karkera, Bhanu Harish Gurram, Pawan Kumar Rai and Lokesh Gurram
Headquarters	Bengaluru , India
Area served	India
Products	Health & Term
Number of employees	500+
Website	https://joinditto.in

Ditto Insurance is a corporate insurance agent headquartered in Bengaluru, India. ^{[1] [2]} Founded in January 2021, the company received its license from the Insurance Regulatory and Development Authority of India (IRDAI) in December 2020. ^{[3] [4] [5]}

The company is backed by Indian stock broker and financial services company Zerodha. ^{[6] [7] [8]}

History

The three batchmates of Indian Institute of Management Ahmedabad, Shrehith Karkera, Bhanu Harish Gurram, and Pawan Kumar Rai have decided to opt out of college placements and founded "Finshots", a financial newsletter in 2019. In 2021, Nithin Kamat founder of Zerodha impressed with their idea and invested Rs. 4 crore as seed funding. And they founded their second venture, Ditto Insurance. After six months of its creation, the fourth co-founder Lokesh Gurram joined Ditto Insurance. ^{[9] [10]}

In January 2021, Max Life Insurance partnerred with Ditto Insurance for online life insurance distribution. ^[11]

In April 2024, the company gave a chance to UPSC aspirants who could not clear the final round of the Union Public Service Commission exam. They can join the advisory team of the insurance tech company, which is backed by Nithin Kamath's Zerodha. ^{[12] [13]}

Awards

• Top 20 startups 2023 by LinkedIn ^{[14] [15] [16]}

References

1. "Zepto, BluSmart, Ditto Insurance top LinkedIn's 25 Indian Start-ups List". BusinessLine. 27 September 2023.
2. "rending Topics Zepto emerges as top startup choice among Indian professionals". MoneyControl.
3. "Health Plans: Is it wise to opt for monthly payments?". Livemint. 6 February 2024.
4. Jayaraj, Prajwal (31 August 2024). "Zerodha's Nithin Kamath On Why Health Insurance Is Extremely Important For Indians". NDTV Profit.
5. "Top 7 Most Promising Startups Of India On Rise In 2023 - Check List Here". India.com. 23 December 2023.
6. "How Zerodha-backed startup Ditto Insurance is simplifying insurance for India with its advisory-first model". The Economic Times. 28 June 2022.
7. Dubey, Neil Borate (8 December 2021). "Will Zerodha Backed Insurance agent Ditto?". Livemint.
8. "Nithin Kamath stresses on importance of health insurance: Here's a look at claim settlement ratio of key insurers - CNBC TV18". CNBCTV18. 3 November 2023.
9. "Ditto Insurance: From a Financial Magazine to a full-fledged Insurance Company". Bru Times News.
10. "'Focus on customers': Zerodha's Nithin Kamath shares his secret to build a profitable business". Zee Business. 28 July 2023.
11. "Max Life ties up with Ditto for online life insurance distribution". BusinessLine. 8 November 2022.
12. "Ditto Insurance offers jobs to former UPSC Candidates". Money control.
13. "Zerodha-backed firm offers jobs to UPSC aspirants who couldn't clear the exam". India Today. 19 April 2024.
14. "Top 20 most sought after startups that Indians want to work for | Business Insider India". Business Insider.
15. "LinkedIn reveals India's Top-20 Startups of 2023: Zepto, BluSmart and Ditto Insurance take top 3 spots - CNBC TV18". CNBCTV18. 27 September 2023.
16. "LinkedIn Top Startups 2023: Celebrating India's Dynamic Innovators!". linkedin.