Angel Investments
Rural-India focused insurtech startup Insurmile raises $350-K
Bengaluru-based Insurmile, a rural India-focused financial protection marketplace, has raised pre-Seed funding of USD 350,000 with an aim to take insurance services to the hinterland while empowering over 200 million gig-workforce in the country. The funding round was led by Seeders, an early-stage angel group. Parthiv Neotia, Director, Ambuja Neotia Group and Abhishek Rungta, CEO, Indus Net Technologies from Seeders led this funding round. Insurmile was founded with the intent to change the dynamics of the insurance sector in India through a unique distribution model. As an insurance web aggregator, the primary aim of this phygital platform is to enhance the user experience by letting customers compare multiple policies at a time before making a choice based on their individual needs.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
