GramCover is on the path of bringing innovative approach for insurance distribution in rural India with effective use of technology.

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. See more

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

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