VC Fund Investments
Insurtech startup Bharatsure raises $1-M led by Capital A
Mumbai-based insurtech startup Bharatsure has raised USD 1 million (about INR 8.3 crore) in a funding round led by Capital A with participation from existing investor Inflection Point Ventures, Dexter Ventures, HEM Angels and We Founder Circle. Grip Invest provided the debt component of the deal, the proceeds from which will be used for product development, team expansion and marketing. The company had previously raised USD 1.2 million in February 2022.Co-founded in May 2021 by Anuj Parekh and Sanil Basutkar, Bharatsure provides Infrastructure-as-a-Service (IaaS) solutions to insurance distributors like licensed brokers, agents, banks, and institutions empowering them to distribute group insurance and healthcare plans.
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