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RUPA SOLITAIRE, MILLENNIUM BUSINESS PARK, मिल्लेनिम बिझिनेस पार्क, सेक्टर 2, कोपर खैरणे, नवी मुंबई, महाराष्ट्र 400701, India
नवी मुंबई
India
Employees
Scale: 51-200
Estimated: 14
Engaged corporates
22Added in Motherbase
2 years, 6 months agoVerak 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
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