Basic Information

Riskcovry is an InsurTech solution to enable a complete insurance lifecycle to customers seamlessly and holistically. It co-create Micro/Sachet and Configurable insurance products with reputed insurance underwriters in India. It offers products like Sachet; 7 in 1, Cancer Care, Dura Care, Renters Package, Bill Protector, Bags n More, Start-up Package, Retail Business Package etc. It also provides Configurable products like Home, MSME Business, Smart Group Policy, etc. See more

Legal Name

:

UMBO IDTech Private Limited

Headquarters

:

Mumbai, Maharashtra , India

Business Model

:

B2B, 

B2B2C 

Founding Date

:

14th Feb 2018

No. of Employees

:

41 to 60

Core Team

:
1.

Chiranth Patil

Co-Founder

2.

Suvendu Prusty

Co-Founder

3.

Sorabh Bhandari

Co-Founder

See More

Timeline
2018
true
Feb | Company Incorporation
Company was incorporated in Feb 2018

Target Market

B2B

Banks, Retail, business correspondence, NBFC, Fintechs

Client Segment

:

Clothing & Apparel, Insurance, E-Commerce

Target Companies

:

Startup, Small Enterprise, Medium Enterprise, Large Enterprise

Funding

Total Funding

$6.2M

Investors

:

1.

Better Capital

2.

Varanium Capital Advisors

3.

Bharat Inclusion Seed Fund

Detail Round Breakdown

Round 1

$1.13M

Series Name

:

SEED

Date

:

21st May 2020