From banks that want to cross-sell insurance products to ecommerce companies offering to insure large-ticket purchases to travel aggregators offering insurance against flight delays, companies are roping in insurance technology startups such as Zopper, Riskcovry, and OneAssure to power such sales.
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[Funding alert] Insurtech startup Riskcovry raises $5M in Series A led by Omidyar Network India
Riskcovry said the funding raised will be invested across all major functions - tech, product, partnerships, data sciences, and growth.
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Riskcovry, a
Mumbai-based insurtech startup that offers a technology platform for the distribution of insurance products, has announced raising
$5 million in Series A funding led by
Omidyar Network India (ONI).
Varanium Capital, and
Better Capital also participated in the round. Other new participating investors in the round included the Pune-based emerging technology-focused VC fund
Pentathlon Ventures and Delhi-based
DMI Sparkle Fund, which invests in fintech ventures.