What Eqaro Guarantees does

Eqaro Guarantees (Eqaro Surety Private Limited) is a Mumbai-headquartered digital financial guarantees platform founded in 2019 that issues guarantees on behalf of financial institutions to individuals and businesses in India. Its core product is a rental guarantee that replaces traditional security deposits, allowing tenants to occupy homes without paying upfront deposits while providing landlords and co-living operators with rental income protection, property damage coverage, and tenant default protection. The company also offers four business-oriented guarantees — Payment Default, Credit Value, Lease Value, and Residual Value — alongside adjacent financial products including Rent-O-Cash (advance rental payment) and Lease Rental Discounting (LRD). Two sub-brands, ZeroDeposit and RentSafe, segment positioning across consumer and co-living operator audiences.

The platform is delivered through a digital website and mobile application supported by an automated underwriting engine that uses algorithms, machine learning, and predictive analytics for risk assessment. The claims invocation process is fully digital with stated turnaround within five working days. Underlying infrastructure emphasizes data security and a unified underwriting technology stack shared across rental and business guarantee products.

Eqaro earns transaction-based fees calculated as a percentage of guarantee value, with rates ranging from 6% for family home rentals to 8-10% for co-living accommodations and 8-12% for PG accommodations; business guarantees carry custom pricing. The company targets three primary customer segments — tenants and individuals, landlords and property owners, and co-living and PG operators — served through direct-to-consumer digital channels, supplemented by enterprise sales motions for the business guarantees suite. Its self-described customer base includes 1,000+ industry leaders, with named partners including Eco Homes, FF21, and Xpert Homes.

Name

Eqaro Guarantees

Legal name

Eqaro Surety Private Limited

Website

https://eqaroguarantees.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Eqaro Guarantees (Eqaro Surety Private Limited) is a Mumbai-based digital financial guarantees platform issuing rental and business guarantees. Founded in 2019, it serves tenants, landlords, co-living operators, and enterprises in India via transaction-based fees on guarantee issuance.

Ownership category

akta.pro rank

Product category

Financial Guarantees / Surety Bonds

NAICS

Insurance Carriers and Related Activities (524)

SIC

Surety Insurance (6351)

akta.pro primary industry

Contract Surety Bonds (FSAJAIAA)

akta.pro secondary industry

Surety & Bond Brokerage (FSAEADAI)

Keywords

• Surety guarantee services
• Rental bond platform
• Financial guarantee issuance
• Zero deposit rentals
• Payment default guarantee

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Rental Guarantee Fees: Percentage-based guarantee fees charged on the Rental Guarantee Value. Fee varies by accommodation type: Family Home (~6%), Co-living (8-10%), PG Accommodation (8-12%), plus applicable taxes. This is a recurring revenue model based on new guarantee issuances.
2. Business Guarantee Fees: Fees for Payment Default, Credit Value, Lease Value, and Residual Value Guarantees provided to businesses. Fees are determined based on guarantee type and value.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Eqaro Guarantees issues surety guarantees and rental bonds that substitute for security deposits in rental agreements and for collateral in commercial transactions. Its flagship Rental Guarantee enables tenants to rent without paying a deposit while protecting landlords against unpaid rent and property damage; separate Business Guarantees cover payment defaults, credit risk, lease obligations, and residual asset value for enterprises.

Product overview

Eqaro Guarantees operates as a financial guarantees platform offering a unified portfolio anchored by its Rental Guarantee core product, supplemented by business-oriented guarantees. The Rental Guarantee serves tenants (deposit-free renting), landlords (rental income protection, Rent-O-Cash advance payments, and Lease Rental Discounting for growth capital), and co-living/property management operators. The business guarantee suite includes Payment Default, Credit Value, Lease Value, and Residual Value Guarantees, each addressing specific risk exposures for enterprises. Sub-brands ZeroDeposit and RentSafe represent branded variations of the rental guarantee offering. Together these products constitute an integrated ecosystem where the rental guarantee and business guarantees share a common underwriting, technology, and invocation infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Guarantee A flagship surety guarantee for the rental market that protects landlords against unpaid rent and property damage, gives tenants deposit-free rental access, and offers co-living operators occupancy and yield benefits.
• Payment Default Guarantee A business guarantee that ensures counterparty payments are made, reducing the risk of payment defaults in commercial financial transactions.
• Credit Value Guarantee A business guarantee that protects against credit risk, enhancing business credibility and reducing collateral requirements for loans and credit facilities.
• Lease Value Guarantee A business guarantee securing lease transactions and ensuring financial obligations are met between lessors and lessees during lease terms.
• Residual Value Guarantee A business guarantee that secures asset value for owners and lessors at the end of a lease term, boosting confidence in future asset values and supporting leasing decisions.

Quantifiable outcome

• Process completion in under 20 minutes for rental guarantee applications
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• NestAway Technologies: Managed co-living and rental housing operator in India that has explored deposit-free and guaranteed-rental offerings for tenants and property owners. Comparable as a co-living-adjacent rental guarantee / risk mitigation player serving similar landlords and operators.
• ZeroDep: India-based rental deposit replacement platform offering zero-deposit rental solutions directly to tenants and landlords. Closest functional analog to Eqaro's core Rental Guarantee / ZeroDeposit product line in the Indian market.

Emerging players

• PolicyBazaar (PB Fintech): Indian insurtech aggregator/distributor that could channel surety and guarantee products to mass retail customers. Comparable as an adjacent digital distribution and consumer-trust-building player that may either partner with or compete against Eqaro in distributing financial guarantees online.
• NoBroker: Indian proptech platform that has expanded into rental services, deposit management, and landlord-tenant workflows. Comparable because it addresses the same rental-friction pain points Eqaro targets, though via a brokerage-led rather than guarantee-led model.

Broad incumbents

• Reliance General Insurance: Indian general insurer offering surety and credit lines through corporate and digital distribution. Relevant incumbent for benchmarking pricing, distribution reach, and product structure against Eqaro's guarantee offerings.
• Bajaj Allianz General Insurance: Indian private general insurer with surety, credit, and miscellaneous bond products for commercial customers. Comparable because its surety product line serves the same payment-default and contract-performance exposures Eqaro addresses via its Business Guarantees suite.
• New India Assurance: State-owned Indian general insurer with one of the largest surety bond underwriting books in the country. Comparable as a deeply established surety provider whose products overlap functionally with Eqaro's contract and rental guarantees.
• ICICI Lombard General Insurance: Leading Indian private general insurer with surety and credit insurance lines serving corporate and SME clients. Relevant incumbent that could extend digitally distributed surety products into the same SME and rental segments Eqaro targets.
• HDFC ERGO General Insurance: Large Indian general insurer offering surety, credit, and miscellaneous insurance products including contract surety bonds. Comparable because it competes for the same surety and guarantee risk pools as Eqaro, though distributed through traditional brokerage channels.

Regional players

• Liberty Mutual Surety: US-headquartered global surety bond underwriter with deep contract and commercial surety expertise. Comparable as a benchmark for product architecture, risk-pricing discipline, and claim-reserve management practices relevant to scaling Eqaro's guarantee book.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/eqaro-guarantees
• Xx.com/eqarog

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eqaro Guarantees