Verak

Acquired

Better Business Insurance for MSMEs in India

India · Founded 2020 · $545K raised

Employees
11–50
Founded
2020
Website
verak.in
Total Funding
$545K
Last Round
$545K SeedJun 2021
Rounds
2

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 has raised $545K in total across 2 rounds, most recently a $545K Seed round in Jun 2021. Investors include Sequoia Capital, Y Combinator Continuity Fund and Gemba Capital.

Tech & App Stack

2 technologies & apps tracked

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Funding History

AcquisitionApr 2023

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Investors

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