Bengaluru, May 14 -- Insuretech startup OneAssist Consumer Solutions Pvt. Ltd is opening new lines of business as it seeks to de-risk its revenue from reliance on smartphones.

"While new phones continue to be the major portion of our revenue, growth in that overall market is slowing, which is why we're expanding and growing in other directions," said co-founder Subrat Pani in an interview with Mint.

In 2025-26, the PeakXV-backed startup entered the used-car segment, marking its entry into the automobile segment. "We're targeting the value-conscious customers who want to buy 3-5 year-old cars and run them for a few more years," Pani said.

According to the startup, insurers are often reluctant to underwrite used cars. "We found that ther...