Riskcovry Raises USD 5 Mn From Omidyar Network India
- FTT Creations
- Mar 9, 2021
- 1 min read
InsurTech startup Riskcovry Tuesday raised USD 5 million (around Rs 36 crore) in Series –A funding round led by Omidyar Network India (ONI) Its existing investors - Bharat Inclusion Seed Fund, Varanium Capital and Better Capital also participated in the round. Other new participating investors in the round included the Pune-based emerging technology focused venture capital fund Pentathlon Ventures and Delhi-based DMI Sparkle Fund which invests in fintech ventures. The funds raised will help the company invest across all major functions such as technology, product, partnerships, data sciences and growth,
Riskcovry founders said, we believe we can help serve a severely underpenetrated market like India and we are very excited to partner with Omidyar Network India and all other investors in helping build a more inclusive insurance ecosystem in India.
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