Verak
AcquiredBetter Business Insurance for MSMEs in India
Verak was founded in 2020, is headquartered in India, lists 11–50 employees, and has $545K in recorded funding across 2 rounds.
- Employees
- 11–50
- Founded
- 2020
- Website
- verak.in
- Total Funding
- $545K
- Last Round
- $545K SeedJun 2021
- Rounds
- 2
- Acquisition Date
- Apr 2023
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 4 investors for this company. The full record is or through the API.
About
Verak is now part of InsuranceDekho as of April 2023. Verak offered next day coverage starting at ₹8 per day for MSMEs in India to insure any facility (shop, warehouse, factory etc) against 15+ natural & man-made perils. (*) Our team worked across the entire insurance value-chain: From satellite based underwriting to machine learning based pricing to instant quotation to WhatsApp based claims.
Summary
Verak is a Fintech company based in India, founded in 2020. It lists 11–50 employees. It has raised $545K in total across 2 rounds, most recently a $545K Seed round in Jun 2021. Investors include Sequoia Capital, Y Combinator and Gemba Capital.
Tech & App Stack
2 technologies & apps tracked
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Funding & Exit History
Apr 2023
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Funding: Angel through Seed. Amounts, valuations, and investors where available.
Investors
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