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Latest Articles in InsurTech

Insurtech Startup Plum Lays Off 36 Employees

Tiger Global and Sequoia-backed Plum lay off 36 employees which are almost 10 per cent of its total workforce. Co-Founders ascribe this move to the tough market condition

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Insurtech HealthySure raises $1.2 M in Pre-Series A led

HealthySure is an employee welfare platform, targeting SMEs to make insurance and healthcare affordable and accessible to the Indian workforce and their families.

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Insurtech Startup I3systems Develops COVID Claims Automation Solution CliniAId

CliniAId leverages pre-trained AI-models to read complex medical documents in any format from 70,000+ hospitals in India such as discharge summaries, invoices, diagnostic reports, etc.

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KFintech Acquires 17% Stake In Artivatic.ai

With this partnership, KFintech will step into the insurtech vertical. This is in line with the firm's plan of action as it is looking to diversify beyond pensions, mutual funds, and corporate, etc asset classes.

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Insuretech Startup Finsall Raises INR 2.4 Cr Seed Round

The round led by Unicorn India Ventures, SEA Fund. A clutch of angel investors including Karthik Sridhar, CEO of SupplyAI and Tirumala Gudla also participated in the round. The funds thus raised will be used for team expansion, scaling up the technology platform, on-boarding insurance companies, intermediaries and lenders.

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Artivatic.ai Raises Bridge Funding From Scale Ventures & IAN

Insurtech Startup Artivatic.ai with its gamut of solutions via its 200+ APIs and 6+ core products, empowers healthcare, insurance, broking, & re-insurance businesses as well as developers to re-imagine insurance and health products for the next billion users.

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PolicyBazaar.com Becomes First Indian Unicorn Foraying into Blockchain

PolicyBazaar is the first Indian startup of this size to acknowledge the benefits and inevitable use of blockchain.

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EFI Hub Raising Funds to Empower Entrepreneurs in Ways VCs Don’t/Won’t

The fund will focus on India and Southeast Asia with a preference for E-Commerce, Fintech and Insuretech and invest $50,000 to $500,000.

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Toffee Insurance Gets $1.5M from Kalaari, Omidyar, Accion Venture Labs

This is a seed investment by Kalaari Capital, Omidyar Network and Accion Venture Lab in the budding insurtech segment

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Zensar Acquires Cynosure to Strengthen Insurtech Capabilities

Cynosure will enable Zensar to have platform capabilities for the insurance segment that will position the Company to grow faster in the fast-growing Insurance software market.

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