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Riskcovry

Riskcovry is an InsurTech solution provider.
SaaS,  Technology,  Insurance,  FinTech  
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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.
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.  
Vidya S.
Co-Founder & CTO
2.  
Chiranth Patil
Co-Founder
3.  
Suvendu Prusty
Co-Founder
4.  
Sorabh Bhandari
Co-Founder

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Timeline

2018

Company Incorporation

Feb | Company Incorporation

Company was incorporated in Feb 2018

Revenue Stream
Commission on transaction
Freemium
Subscription
Fee-For-Service
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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  
Target Geography
:
India Tier 1,  India Tier 2,  India Tier 3,  Asia Pacific  
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Funding

Total Funding

$6.2M

Investors
:
1.  
Better Capital
2.  
Varanium Capital Advisors
3.  
Bharat Inclusion Seed Fund
4.  
Omidyar Network India

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Detail Round Breakdown
Round 1

$1.13M

Series Name
:
SEED
Date
:
21st May 2020
Features

[Funding alert] Insurtech startup Riskcovry raises $5M in Series A led by Omidyar Network India

[Funding alert] Insurtech startup Riskcovry raises pre-Series A round led by Bharat Inclusion Seed Fund

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[Funding alert] Insurtech startup Riskcovry raises $5M in Series A led by Omidyar Network India

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