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GramCover

GramCover is on the path of bringing innovative approach for insurance distribution in rural India with effective use of technology.
FinTech,  Insurance,  Marketplace  
Basic Information
GramCover, a tech-enabled insurance marketplace for rural India, has adopted a unique technology-led distribution and servicing model customised for rural India to minimise the inefficiencies and transaction costs involved in protecting people’s assets and families. GramCover has worked with over 1.7 million rural customers providing insurance across products like crop, motor, livestock and health worth ₹110 crores in premiums. The company aims to insure over 10 million farmers in the next two to three years with a premium target of ₹1,000 crores. GramCover is currently present in Bihar, West Bengal, Assam, Uttarakhand, Andhra Pradesh and Maharashtra. It plans to extend its presence across the country further.
Headquarters
:
Noida, Uttar Pradesh, India
Founding Date
:
2016
No. of Employees
:
<10
Core Team
:
1.  
Dhyanesh Bhatt
Chief Executive Officer
2.  
Jatin Singh
Founder & Director
3.  
Rishabh Garg
Co-Founder & CTO
Funding

Total Funding

$27.0M

Investors
:
1.  
Siana Capital
2.  
Inflexor Ventures
3.  
Omnivore
Detail Round Breakdown
Round 1

$7M

Series Name
:
SERIES-A
Date
:
4th Oct 2021
Investors
:
1.  
Siana Capital
2.  
Inflexor Ventures
3.  
Omidyar Network
4.  
Flourish Ventures

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[Funding alert] Rural insurtech startup GramCover raises $7M in Series A round

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