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Bangalore (Karnataka) [India], October 6 (ANI/NewsVoir): Indore-based BimaKavach, a business InsurTechstartup, has raised USD 2m in seed funding led by WaterBridge Ventures, along with Blume Ventures, Arali Ventures and Eximius Ventures. The company aims to utilise these funds for designing new-age business risk covers, investing in its proprietary risk management technology and scaling business and teams. Tejas Jain, Founder, BimaKavach said, "In India, nearly 95 per cent start-ups / MSMEs are uninsured. Most businesses do not realize that having the right insurance coverage is key to financial health and success of their company. Insurance is still treated as a sunk cost or an obstacle rather than a tool for sustained growth. We want to fix commercial insurance from scratch by building suitable startup & SME-focused insurance products, automating risk assessment and pricing tools for commercial risks in order to reach a large number of businesses. The idea is to make busines

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