Riskcovry
Building the 'financial infrastructure' for insurance distribution in India.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
* | $4.5m | Series B | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 136 % | 237 % | 119 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Riskcovry was founded in 2018 by a team of experienced professionals: Asif CH, Chiranth Patil, Sorabh Bhandari, Suvendu Prusty, and Vidya Sridharan. The company set out with a vision to revolutionize the insurance industry through a digital distribution platform that offers multi-category insurance solutions.
In its early days, Riskcovry focused on building a robust SaaS platform that could seamlessly integrate with various partners, enabling them to offer insurance products efficiently. This approach allowed businesses to embed insurance into their existing services, making it more accessible to their customers.
Riskcovry's innovative model quickly gained traction, attracting significant attention from investors. Over the years, the company raised a total of $14.4 million in funding across five rounds, supported by 39 investors. This financial backing was crucial in scaling their operations and expanding their market reach.
As the company grew, it continued to enhance its platform, adding new features and capabilities to meet the evolving needs of its partners and customers. Riskcovry's commitment to innovation and customer-centric solutions positioned it as a leader in the insurtech space.
Today, Riskcovry stands as a testament to the power of digital transformation in the insurance industry, offering a comprehensive platform that simplifies the distribution of insurance products and empowers businesses to provide better services to their clients.