# IMT Care **Source:** https://geo.sig.ai/brands/imt-care **Vertical:** Insurance Tech **Subcategory:** General **Tier:** Emerging **Website:** imt.care **Last Updated:** 2026-04-14 ## Summary Indian insurtech for insurance distributors managing employee benefits with digital claims and enrollment tools; bootstrapped Insurtech Partner of Year 2023 in a $1B market growing 22% annually. ## Company Overview IMT Care is a Mumbai-based insurtech platform providing technology infrastructure for insurance distributors and intermediaries managing employee benefits programs in India — offering digital tools for group health insurance administration, claims processing, benefits enrollment, and HR-insurance coordination that modernize the operations of the insurance distribution channel that handles 85% of India's insurance premium collection. Founded in 2021 and bootstrapped with 23 employees, IMT Care was recognized as Insurtech Partner of the Year 2023 and targets a $1 billion market opportunity growing at 22% CAGR. IMT Care's platform serves the complex intermediary layer of India's insurance distribution ecosystem: insurance brokers, agents, and corporate benefit administrators who manage group health policies for employers and their employees. The digital tools cover the employee-facing experience (benefits enrollment, digital insurance cards, claims submission) and the administrator-facing operations (policy management, endorsements, claims tracking, renewal management) that are typically handled through manual paperwork and spreadsheets. This digitization reduces errors, speeds claims resolution, and gives employers visibility into their group insurance utilization. In 2025, IMT Care competes in the Indian employee benefits administration and insurtech market with Onsurity (SME health insurance platform), Plum (employee health benefits), Nova Benefits, and insurance company self-service portals for corporate health insurance technology. India's employer-provided group health insurance market has grown rapidly as health insurance awareness has increased post-COVID — many Indian employers, including SMEs, now provide group health coverage as a standard benefit. The bootstrapped model signals efficient capital use in a market where many insurtech startups have struggled to achieve sustainable unit economics with VC-funded growth strategies. The 2025 strategy focuses on deepening the claims automation features, expanding the network of insurance carrier integrations, and growing with mid-size enterprise employers whose HR teams have outgrown manual benefits administration. ## Frequently Asked Questions ### What is IMT Care? IMT Care is a Mumbai-based insurance technology platform founded in 2021 that empowers insurance distributors and intermediaries through technological solutions. The company provides employee benefits administration and healthcare/wellness management tools for insurance professionals in India. ### What products and services does IMT Care offer? IMT Care offers an insurance distributor platform, employee benefits administration, healthcare and wellness management solutions, and specialized tools for insurance professionals. These solutions help manage comprehensive benefits and streamline operations for insurance distributors and intermediaries. ### Who is IMT Care's target market? IMT Care primarily targets insurance distributors, intermediaries, and insurance agents in India, who represent the largest insurance distribution channel collecting 85% of premiums. The platform also serves enterprises requiring comprehensive benefits management solutions. ### When was IMT Care founded and by whom? IMT Care was founded in 2021 by Kunal Popat and Rachit Puri. The company was part of Y Combinator's Winter 2022 (W22) batch. ### Where is IMT Care located? IMT Care is based in Mumbai, India. ### What is IMT Care's funding status? IMT Care currently operates as an unfunded company. However, sources mention an M&A offer in April 2025. ### What are IMT Care's key achievements and metrics? IMT Care won the Insurtech Partner of the Year 2023 award and reported $3.5M in revenue for 2024 (though conflicting sources report ₹1.34Cr as of March 31, 2024). The company currently has 23 employees and serves a market representing 20B premium annually with a 1B dollar market opportunity growing at 22% CAGR. ### What market opportunity does IMT Care address? IMT Care operates in the Indian insurance distribution market, which handles 20B in annual premiums and represents a 1B dollar market opportunity growing at 22% CAGR. Insurance agents and distributors represent 85% of premium collection in India, making them a significant channel for technological innovation. ### How does IMT Care approach the insurance market? IMT Care disrupts the Indian insurance space through distributor empowerment and technological innovation. The platform focuses on providing technology solutions that enable insurance distributors and intermediaries to better manage employee benefits, healthcare, and wellness experiences. ### What recent developments has IMT Care experienced? Recent developments include achieving $3.5M revenue in 2024 and receiving an M&A offer in April 2025. The company also won the Insurtech Partner of the Year 2023 award, recognizing its impact in the insurance technology sector. ## Tags asia-pacific, b2b, insurance, marketplace, saas, fintech --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*