- Umbo InsurDataTech Systems was founded in 2018 by Sorabh Bhandari, Suvendu Prusty, Vidya Sridharan and Chiranth Patil
- Company will utilize the funds to scale on product-market fit and serve more enterprise customers
Riskcovry, an omni-channel “Insurance-in-a-Box” for consumer businesses, has raised an undisclosed amount in its pre-Series A round from Bharat Inclusion Seed Fund, Varanium Capital, and Better Capital. The company was founded by Sorabh Bhandari, Suvendu Prusty, Vidya Sridharan and Chiranth Patil in 2018.
The company will utilize these funds to scale on the product-market fit and serve more enterprise customers across segments that enable both mainstream and alternative insurance distribution.
In a media statement, the founders, in a joint statement, said,
“This round will help us scale on our product-market fit, and serve more enterprise customers across segments that enable both mainstream and alternative insurance distribution. We look forward to building out our technology, product, data sciences, sales, and growth teams.”
Riskcovry is an omni-channel “Insurance-in-a-Box” for consumer businesses (like Financial Institutions/FinTechs and Retail/eCommerce) to enable any insurance product from any insurer across any customer engagement channel, seamlessly. As an enterprise product company with a B2B2C model, they enable their customers with a SaaS & API-first platform, which enables all end-consumer touchpoints of Insurance (buy, manage, claims) holistically without distorting brand experience.