OneAssist pivots beyond smartphones as device sales cool, eyes 2027-28 IPO
Insuretech OneAssist is broadening from phone protection into used-car insurance, refurbished phone warranties and Amazon-led home/lifestyle cover. FY26 revenue hit ₹850 cr with ARR near ₹1,000 cr; new segments contribute 7-8% today, targeted to double to 14-15%.
What happened
Insuretech OneAssist is diversifying from smartphone protection into used-car insurance, refurbished phone warranties, and Amazon-led home/lifestyle product
Key facts
- 3% YoY fall in smartphone sales Q1 2026
- 52% used-car buyers financed in 2025
- refurbished phone sales grew 4.9% Jan-Sep 2025
- FY26 revenue ~₹850 crore
- ARR nearing ₹1,000 crore
- 7-8% ARR contribution from new segments, doubling to 14-15%
Why this matters
OneAssist's Amazon partnership and refurbished-device warranty push signal partnership white space for retailers and OEMs seeking embedded protection, and a pre-IPO window for strategic stakes or category JVs.