GramCover
Tech-enabled marketplace that offers rural insurance products to farmers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
$7.0m | Series A | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 95 % | 17 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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GramCover is a pioneering company focused on revolutionizing insurance distribution in rural India through the effective use of technology. The company serves rural clients who often lack access to traditional insurance services, providing them with tailored insurance solutions. Operating in the insurtech sector, GramCover's business model involves partnering with local entities to distribute insurance products efficiently and affordably. The company generates revenue through commissions from insurance providers and service fees from clients. By leveraging technology, GramCover ensures that insurance products are accessible, affordable, and relevant to the needs of rural populations.
Keywords: insurtech, rural insurance, technology-driven, insurance distribution, rural clients, affordable insurance, tailored solutions, local partnerships, commission-based, service fees.