Riskcovry overview

Riskcovry is an "Insurance-in-a-box” model offers a one-stop-shop platform to cater to any business's digital insurance needs.

An omni-channel "Insurance-in-a-Box"​ for consumer businesses, Riskcovry enables businesses to sell any insurance product from any insurer across any customer engagement channel. As an enterprise product company with a B2B2C model, it offers its customers a SaaS and API-first platform to enable all end-consumer touch-points of Insurance (buy, manage, claims) holistically without distorting brand experience. It offers products across life, non-life and health.

In May 2020 the startup raised a Pre-Series A round from Bharat Inclusion Seed Fund, Varanium Capital and Better Capital.

In March 2021 Riskcovry raised a $5m Series A, less than a year after its last funding round. Alongside the funding, Riskcovry revealed it was on-track to hit its target of selling 200k policies during its current financial year.

In May 2022 Riskcovry announced it was teaming up with B2B gig marketplace Taskmo to provide insurance services to the blue-collared workforce. As part of the collaboration, Riskcovry will offer Taskmo an accidental insurance to employees on a switch-on/off basis (activated via app), ensuring the policy only covers employees during working hours. 

The company announced it was teaming up with Housing.com to give tenants secure protection in case of an accidental death, hospitalization and critical illnesses. The new product called ‘Rent Protect Cover’ will provide a host of different insurance benefits. The premium of the ‘Rent Protect Cover’ will be embedded into monthly rent payments workflow under Housing.com using its service ‘Pay on Credit’. 

Map showing the location of Riskcovry

Bengaluru, India

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Key people

Vidya Sridharan Co-Founder & Chief Technology Officer
Sorabh Bhandari Founder
Suvendu Prusty Founder, Director and Principal Officer
Chiranth Patil Co-founder • Strategy & Growth
Saras Agarwal Board Member
Ramakrishnan (Ramki) Seshagiri Head Of Engineering