Insurtech startup Riskcovry raises $5M in Series A led by Omidyar Network India Read more at:

Street Address IndiQube Garden Survey No.130 18th Main, 1st A Cross, 6th Block Grape Garden, KHB Colony 5th Block, Koramangala , Karnataka 560095
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Riskcovry said the funding raised will be invested across all major functions – tech, product, partnerships, data sciences, and growth.\”The vast majority of the next half billion (NHB) consumers and MSMEs still lack access to basic insurance coverages. Hence, they are forced to rely on borrowings to tide over health emergencies, accidents, and property damage, which could be addressed through insurance. We believe that ‘embedded insurance’ could play a powerful role in creating new channels for insurance access, which will help improve the financial health of the NHB consumers and MSMEs,\” said Treasa Mathew, Director, ONI.

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