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Insurtech

Insurtech Startup Onsurity Secures $24 Mn in Funding

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Onsurity, a trailblazing provider of monthly subscription-based employee healthcare benefits geared towards SMEs in India, has successfully secured $24 million in Series B funding. This substantial investment round is spearheaded by the International Finance Corporation (IFC), the world’s largest global development institution. Notably, existing investors, Nexus Venture Partners, and Quona Capital, have also enthusiastically participated … Read more

Jaipur-based Insurance Aggregator Square Insurance Raises $1 Mn In Series A Funding

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InsurTech startup Square Insurance, headquartered in Jaipur, has successfully secured $1 million (approximately Rs 8.3 crore) in a funding round spearheaded by Recur Club. This platform serves as a marketplace for companies with recurring revenue models to trade contracts and subscriptions. The newfound capital injection will play a pivotal role in Square Insurance’s expansion strategy. … Read more

Industry Veterans Launch InsurTech Modives, Close $3M Seed Round

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Combining decades of accumulated experience in the insurance space, five industry vets today announced the formation of Modives—a new venture delivering automation to alleviate a painful and time-consuming process for property managers and auto dealers: insurance verification. “One of the pain points for both selling cars and renting properties is that verifying insurance takes too … Read more

InsurTech startup, Zopper Raises $75 Mn in Series C Funding

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One of the top insurtech businesses, Zopper, today announced that it had raised $75 million in Series C funding from ICICI Venture* and Bessemer Venture Partners, with Creaegis serving as the round’s lead investor. Founded in 2011, during its initial days Zopper was a customer-focused point of sale (PoS) system for retailers and small and … Read more

Insurtech firm Probus Insurance raises $6.7M

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Probus Insurance, a Mumbai-based insurtech company, has raised $6.7 million in a fundraising round headed by BlueOrchard Impact Investment Managers of Switzerland. Probus, which began as a typical insurance brokerage firm in 2003 and has now evolved into a tech-enabled platform, has built a strong framework and ecosystem in the online retail distribution arena. Probus … Read more