Value proposition

Verak team is part of InsuranceDekho as of April 2023.

for more info, please contact: 7551196989

Verak Inc was co-founded in October 2020 by Vishrut B, Eashan B, Rahul Mathur, Abraz M and Kunal K. The company's first product - BimaPe - allowed customers to get a unified view of their family's insurance via a wallet offering. The product leveraged the India Stack to fetch policyholder details in an instant & used a proprietary machine learning model to decode the policy TnCs in simple words for consumers.

Verak Inc raised a total of $1.85M in venture financing with participation from Sequoia Capital India & Lightspeed India Partners. The company was also a part of Y Combinator's W21 accelerator programme.

In September 2021, the company's first product - BimaPe was retired. And, the team focused on a new SMB insurance offering. The company pioneered an end-to-end WhatsApp based journey for MSME owners in India with multi-lingual support from prospecting to purchase to after-sales support. The company on-boarded 5,000+ MSMEs in its first year of operations with a 8% self-serve purchase rate and subsequent 60% renewal rate.

Verak team is now part of InsuranceDekho from April 2023.

insurance, insurtech, and technology