Car insurance claims platform Paramount Services raises Rs 2.5 Cr from Finvolve

New Delhi-based Claims-as-a-Service (CaaS) platform Paramount Services has raised INR 2.5 crore in its maiden fundraise from Finvolve.The fresh funds will be used by the company for expansion, to enhance its proprietary AI-driven software and digital claims management.Founded by Naveen R Tandon, Paramount services is a Claims-as-a-Service (CaaS) platform operating in motor claims. It is one of the four Digital Service Providers (DSPs) empanelled by public sector insurers under a Government of India initiative.