Riskcovry, a Mumbai-based InsurTech start-up, has closed its Pre-Collection-A spherical led by Bharat Inclusion Seed Fund, which additionally noticed participation from Varanium Capital and Higher Capital.
The corporate raised ₹9.three crore by means of the spherical, it mentioned in a submitting with the Ministry of Company Affairs.
“Riskcovry brings a recent method to digital distribution for the insurance coverage market. Their API-first method helps enterprise prospects get entry to extremely related insurance coverage merchandise, by means of a very digital strategy of underwriting, coverage issuance, declare settlement and compliance,” Saras Agarwal, Principal at Bharat Inclusion Seed Fund, mentioned.
“This extends the attain for insurance coverage firms and supplies draw back safety to many end-users of enterprise prospects at a really affordable worth level,” Agarwal added.
The beginning-up was began in 2018 by former insurance coverage trade executives Suvendu Prusty and Sorabh Bhandari, and Chiranth Patil (who has a fintech and technique background).