Insurtech startup BimaKavach raises $2-M

Indore-based B2B insurtech startup BimaKavach has raised USD 2 million led by WaterBridge Ventures, along with Blume Ventures, Arali Ventures, and Eximius Ventures. BimaKavach is creating a full-service insurance platform for startups and SMEs. The platform aims to simplify the process of identifying and purchasing the right insurance for a company. The new funds will be used to scale internal teams, invest in proprietary risk management technology, and build new-age business covers.