Ditto

Ditto

Online platform for insurance selection assistance

About Ditto

Simplify's Rating
Why Ditto is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Seed

Total Funding

$470K

Headquarters

India

Founded

2018

Overview

Ditto is an online platform that simplifies the insurance selection process for individuals and families in India by offering personalized consultations. Users can compare and purchase various insurance products, including health and term life insurance, with the help of knowledgeable advisors who provide unbiased advice. The platform also helps users understand their existing policies by breaking down complex terms into plain language. By prioritizing user needs and providing a pressure-free experience, Ditto stands out as a reliable resource for securing financial protection.

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Simplify's Take

What believers are saying

  • Increased telemedicine adoption boosts demand for Ditto's health insurance offerings.
  • AI-driven personalized recommendations enhance Ditto's customer experience and advisory services.
  • Growing demand for mental health coverage presents expansion opportunities for Ditto.

What critics are saying

  • Competition from fintech companies like CRED and Groww threatens Ditto's market share.
  • Rising medical expenses may pressure Ditto to offer more competitive coverage options.
  • Misinformation about health insurance could undermine consumer trust in Ditto.

What makes Ditto unique

  • Ditto offers unbiased, pressure-free insurance consultations, fostering trust and transparency.
  • The platform simplifies complex insurance terms, aiding user understanding and decision-making.
  • Ditto's advisory-first approach has captured a significant market share in India.

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Funding

Total Funding

$470k

Below

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$45M
Ditto

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Flexible Spending Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

Stock Options

Company News

Inshorts
Jun 22nd, 2024
How is Zerodha-backed Ditto disrupting the insurance market?

the cofounders of finshots founded ditto insurance in 2021 and raised ₹4 crore from zerodha ditto captured the indian market by an advisoryfirst approach to help people make informed decisions about their health and term insurance which in turn has worked for them today it is one of the leaders with over 400 employees and advise over 3 lakh customers

Startup Story Media
Dec 4th, 2023
Debunking Common Myths About Health Insurance: A Guide To Informed Decision-Making

InsurTech. Debunking Common Myths About Health Insurance: A Guide to Informed Decision-Making. ByStartupStory     |    December 4, 2023 In an age where medical expenses are soaring higher than ever before, health insurance has emerged as a crucial safety net for individuals and families. Nevertheless, despite its increasing significance, health insurance is still surrounded by rumours and falsehoods that frequently prevent consumers from making wise coverage decisions. In this blog, we’ll dispel some of the most widespread misconceptions about health insurance and clarify the information everyone needs to know to get the most out of their insurance

Finsmes
Apr 25th, 2023
Ditto Raises $45M in Series A Funding

Ditto, a San Francisco, CA-based creator of a distributed data platform that enables apps to synchronize data in real-time even without internet connectivity, raised $45m in Series A funding.

AlleyWatch
Apr 23rd, 2023
The Weekly Notable Startup Funding Report: 4/24/23 – AlleyWatch

Founded by Matt Straz in 2019, Bennie has now raised a total of $50.0M in total equity funding and is backed by Motley Fool Ventures.

TechCrunch
Apr 19th, 2023
Ditto Raises $45M To Help Companies Keep Their Data In Sync

Many apps today assume that data lives in only one location, typically a single cloud database. But the reality is more complex. Thanks to the proliferation of mobile devices and cloud infrastructure — the latter of which accelerated during the pandemic — apps now need to store and process data in more places, from the edge to the public cloud.That’s what drove Adam Fish and Max Alexander to found Ditto, which emerged from stealth today with $45 million in Series A funding led by Acrew Capital with participation from U.S. Innovative Technology Fund (USIT), True Ventures and Amity Ventures. Ditto provides a distributed database that runs “practically anywhere,” according to Fish and Alexander, enabling data distribution even in areas with limited or poor internet connectivity.“The pandemic exposed critical vulnerabilities in traditional network infrastructure, prompting a surge in demand for contactless solutions,” Fish, who serves as the company’s CEO, told TechCrunch in an email interview. “Businesses scrambled to transition their everyday processes to contactless alternatives; however, these applications often relied on an internet connection to function effectively

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Ditto is Hiring for 20 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Ditto's jobs every few hours, so check again soon! Browse all jobs →

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