An insurance broker, SecureNow, has raised $6 million in a Series B financing.
Apis Insurtech Fund I, administered by Apis Partners LLP, and Charan Singh, founder of SelectQuote Inc. participated in the round.
SecureNow is an end-to-end insurtech platform that provides pure-risk commercial insurances to small and medium businesses. It was founded in 2011 by Kapil Mehta and Abhishek Bondia. To provide insurance and make the claims process efficient and hassle-free, it has a mobile app called Notify and a Customer Relationship Management software system called PAM.
“With scale, we increase our ability to consolidate demand and deliver better value for our clients. There are over 60 million firms registered in the country, the majority of which are underinsured. So, we have some ground to cover,” said Kapil Mehta, Co-founder of SecureNow.