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#BTColumn - From Risk to Resilience: The Critical Role of Cyber Insurance in Modern Business

#BTColumn - From Risk to Resilience: The Critical Role of Cyber Insurance in Modern Business
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BimaKavach raises Seed Funding of USD 2M led by WaterBridge Ventures

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 ....

Tejas Jain , Anjali Sosale , Indore Based Bimakavach , Waterbridge Ventures , Blume Ventures , Arali Ventures , Rama Phosphates , Flexituff Ventures , Commercial Syn , Fidelity Insurance , Cyber Risk Insurance , Officers Insurance , Omissions Insurance , General Liability Insurance , Product Liability Insurance , Bangalore Karnataka India , Ctober 6 Ani Newsvoir Indore Based Bimakavach , A Business Insurtechstartup , As Raised Usd 2m In Seed Funding Led By Waterbridge Ventures , Long With Blume Ventures , Rali Ventures And Eximius The Company Aims To Utilise These Funds For Designing New Age Business Risk Covers , Nvesting In Its Proprietary Risk Management Technology And Scaling Business Teams Tejas Jain , Imakavach Said , Uot In India , Early 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 Still Treated Asa Sunk Cost Or An Obstacle Rather Thana Tool For Sustained Growth We Want Fix Commercial From Scratch By Building Suitable Startup Amp Sme Focused Products , Utomating Risk Assessment And Pricing Tools For Commercial Risks In Order To Reacha Large Number Of Businesses The Idea Is Make Aware Their Insurances Get Them Covered Transparently At Right Time ,