People · Financial Services
Pluto Insurance appoints new leadership team
By Startup Enthusiast ·
- Date
- Company
- Pluto Insurance
- What it does
- Technology-based insurance broking platform
- Kind
- People
- Based in
- Mumbai
- Founded
- 2021
- Sector
- Financial Services
What they do
Pluto Insurance is a technology-driven platform focused on simplifying insurance purchases, support, and claims through AI-enabled, jargon-free services
What happened
The company appointed Abhishek Singh as CEO and Ranjeet Walunj as Chief Product and Technology Officer after its acquisition by Raise Financial
Why it matters
Raise Financial plans to invest in the platform to build a direct-to-consumer insurance distribution service launching later this year
The details
- Pluto Insurance appointed Abhishek Singh as its new CEO to lead the company.
- Ranjeet Walunj joined the firm in July 2026 as the Chief Product and Technology Officer.
- The company was formerly known as GreenLife Insurance Broking Pvt Ltd before its rebranding.
- Parent company Raise Financial acquired the business in May 2026.
- Raise Financial committed an investment to develop a direct-to-consumer insurance platform.
- The platform is currently accepting sign-ups via a waitlist ahead of its official launch.
The bigger picture
- The company aims to provide a spam-free and jargon-free experience for insurance buyers.
- Pluto Insurance operates as a wholly owned subsidiary within the broader Raise Financial ecosystem.
- The firm leverages AI-enabled technology to streamline insurance management and claims processing.
About the business
- Pluto Insurance functions as a technology-based insurance broking platform.
- The company focuses on simplifying the entire insurance lifecycle including buying and claims.
- It operates as part of the Raise Financial ecosystem alongside brands like Dhan and Upsurge.
- The entity maintains a registered status with the Indian insurance regulator.
- The business previously operated for over a decade with a strong offline presence in East and North-East India.
What happens next
- The company expects to launch its consumer service for managing insurance by the end of 2026.
The deal
- Type
- acquisition
Founders
- Abhishek Singh, CEO
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