Riskcovry
Riskcovry operates an "insurance-in-a-box" model, providing the insurance infrastructure that lets platforms and vendors across banks, NBFCs, brokers, fintechs and digital platforms embed and sell digital insurance products to their end-customers via unified APIs, covering underwriting, policy issuance, claims settlement and compliance.
Riskcovry: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 8 Jan 2024 | Debt | $4.5 Mn (INR 37.3 Cr) Bridge Round | Morphosis Venture Capital IIFL | source |
| 9 Mar 2021 | Series A | $5 Mn | Omidyar Network India Better Capital Bharat Inclusion Seed Fund DMI Sparkle Fund Pentathlon Ventures Varanium Capital Advisors | source |
| 26 May 2020 | Pre-Series A | INR 9.3 Cr ($1.2M) | Bharat Inclusion Seed Fund Better Capital Varanium Capital | source |
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Who founded Riskcovry?
Riskcovry was founded by Suvendu Prusty, Sorabh Bhandari, Chiranth Patil, Vidya Sridharan in 2018.
How much funding has Riskcovry raised?
Riskcovry has raised $10.7 Mn across 3 tracked funding round(s), most recently on 2024-01-08. Figures are compiled from cited public sources.
Who are the investors in Riskcovry?
Investors in Riskcovry include Morphosis Venture Capital, IIFL, Omidyar Network India, Better Capital, Bharat Inclusion Seed Fund, DMI Sparkle Fund, Pentathlon Ventures, Varanium Capital Advisors.
What does Riskcovry do?
Riskcovry operates an "insurance-in-a-box" model, providing the insurance infrastructure that lets platforms and vendors across banks, NBFCs, brokers, fintechs and digital platforms embed and sell digital insurance products to their end-customers via unified APIs, covering underwriting, policy issuance, claims settlement and compliance.
Where is Riskcovry headquartered?
Riskcovry is headquartered in Mumbai, Maharashtra, India.
What is Riskcovry's business model?
Riskcovry's core value proposition centers on Insurance-in-a-box infrastructure, AI-driven orchestration for insurance distribution, Affordable micro/sachet insurance.