Introduction
Mitigata Insurance Brokers is a new-age cyber resilience company that blends smart cyber insurance with advanced cybersecurity solutions to protect businesses in India’s fast-evolving digital landscape. By combining financial risk coverage with proactive defense measures, Mitigata offers enterprises a single, integrated platform to guard against cyberattacks, data breaches, and compliance failures.
Serving industries from Fintech and Health Tech to Consumer Tech, Manufacturing, D2C, and Logistics, Mitigata’s services range from cyber risk assessments and global-standard compliance frameworks (GDPR, HIPAA, DPDP-2023, PCI DSS, SOC 2) to tailored insurance policies that help businesses recover quickly after an incident.
A wholly-owned subsidiary of Alphawave Technologies. Mitigata benefits from strong investor backing, growth capital, and strategic vision, enabling it to scale rapidly in one of the fastest-growing sectors of the Indian economy.
Company Overview
- Legal Name: Mitigata Insurance Brokers Private Limited
- Incorporation: 22 March 2024
- Headquarters: Bangalore, India
- CIN: U66220KA2024PTC186580
- Paid-up Capital: ₹0.75 Cr
- Authorized Capital: ₹1.00 Cr
- Listing Status: Unlisted
- Parent Company: Alphawave Technologies Private Limited (100% stake)
Core Offerings:
- Smart Cyber Insurance – Tailored cyber liability and data breach coverage.
- Cybersecurity Services – Threat monitoring, VAPT, endpoint defense, and incident response.
Revenue
Mitigata remains in early revenue stages, with a primary focus on client acquisition, platform development, and market penetration. Public financial filings have not yet disclosed FY24 revenue figures for the subsidiary, but early traction and partnerships suggest a clear growth path.
Its holding company, Alphawave Technologies, reported:
- FY24 Revenue: ₹0.30 Cr (up from ₹0.01 Cr in FY23)
This reflects heavy investment in technology, talent, and expansion, typical of early-stage high-growth companies.
Valuation & Funding
Mitigata (Subsidiary)
- Last Disclosed Valuation: USD 89.3K (~₹0.8 Cr) – Aug 2024
- Investor: Alphawave Technologies (100% ownership)
Investor Base & Shareholding
Key Institutional & Angel Investors in Parent Company (Alphawave)
- Venture Funds:
- Nexus Venture Partners
- WEH Ventures
- PointOne Capital, Z Nation Lab, iSeed.
- Angel/Strategic Investors:
- Anupam Mittal
- Kunal Bahl
- Titan Capital
- Kushal Khandwala, Rajnish Sinha, Manish Uppal, Aman Raj, Karan Ketan Gala, Mohit Ramani, Swapnil Saurav, Imbesat Ahmad, Rohit Kumar, Shadman Anwer, Ananya Singhal.
Strategic Partnerships
Mitigata leverages Alphawave’s alliances with major insurers & service providers, including:
- HDFC ERGO, ICICI Lombard, SBI General, Kotak, Bajaj Allianz, Chola MS, Universal Sompo, New India Assurance, United India Insurance, Oriental Insurance, Liberty, Digit, Future Generali, Raheja QBE, TATA AIG.
These partnerships enable rapid product rollout, underwriting support, and claims management.
Conclusion
Mitigata’s cyber resilience platform is strengthened not just by its product innovation, but by the deep capital and network strength of its parent, Alphawave Technologies. Backed by leading VCs like Nexus Venture Partners and strategic angels, the group is building a multi-layered moat, combining insurance expertise, cybersecurity technology, and market relationships.
As India’s cyber insurance market matures, Mitigata’s integration into Alphawave’s broader vision places it in a strong position to capture enterprise demand, expand coverage offerings, and lead in the space where risk transfer meets threat defense.
This report has been compiled using data and insights from PrivateCircle. For more such detailed company intelligence, visit privatecircle.co or connect with our research team to explore tailored market and company reports.