Ensuredit raises $4.2 million
Ensuredit, an Indian startup which “enables and empowers end customers and insurance intermediaries with AI-based product platforms for transformational customer experience,” has raised $4.2 million in a Pre-Series A round led by Cover Genius. Additional investors include NexStep Discovery Pte, CP Ventures, Venture Catalysts and IPV, and 9Unicorns Accelerator Fund.
Founded in 2019, Ensuredit is on a mission to digitally transform the Indian insurance industry. Its platform as a service model gives insurance companies a range of capabilities such as agent on-boarding, quote generation, processing payments, policy insurance and comparison, identifying cross sell and upsell opportunities, and creation of proposals.
“As Cover Genius deepens its global capabilities, especially in the Indian market, which is highly underinsured, we are eager to help Ensuredit use its technology to bring relevancy to the traditional insurance market.” – Angus McDonald, CEO, and co-founder, Cover Genius.