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Riskcovry

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Building the 'financial infrastructure' for insurance distribution in India

Mumbai, IndiaFounded 2018Fintech
Valuation $25–50M Last recorded · 2024
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Riskcovry and the history behind them.

About Riskcovry

Riskcovry was founded in 2018 by a team of experienced professionals: Asif CH, Chiranth Patil, Sorabh Bhandari, Suvendu Prusty, and Vidya Sridharan. The company set out with a vision to revolutionize the insurance industry through a digital distribution platform that offers multi-category insurance solutions.

In its early days, Riskcovry focused on building a robust SaaS platform that could seamlessly integrate with various partners, enabling them to offer insurance products efficiently. This approach allowed businesses to embed insurance into their existing services, making it more accessible to their customers.

Riskcovry's innovative model quickly gained traction, attracting significant attention from investors. Over the years, the company raised a total of $14.4 million in funding across five rounds, supported by 39 investors. This financial backing was crucial in scaling their operations and expanding their market reach.

As the company grew, it continued to enhance its platform, adding new features and capabilities to meet the evolving needs of its partners and customers. Riskcovry's commitment to innovation and customer-centric solutions positioned it as a leader in the insurtech space.

Today, Riskcovry stands as a testament to the power of digital transformation in the insurance industry, offering a comprehensive platform that simplifies the distribution of insurance products and empowers businesses to provide better services to their clients.

Source: Dealroom company data

At a glance

Founded
2018
Headquarters
Mumbai, India
Sector
Fintech

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Better Capital
  • Bharat Inclusion Seed Fund
  • Varanium Capital

Series A4 investors entered at this stage

  • Omidyar Network
  • Pentathlon Ventures
  • DMI Sparkle Fund
  • Morphosis Venture Capital
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇨🇦 Canada0.9%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Riskcovry on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Riskcovry on the full Dealroom platform

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