Riskcovry

Enabling insurance anywhere.

Distribution & Agency Management Growth Series A

Overview

Riskcovry is India's leading insurtech platform building the digital distribution infrastructure for insurance. Operating under the legal entity InsurDataTech, the company enables enterprises, fintechs, banks, and digital platforms to embed and distribute insurance products through a single unified API, connecting them to over 40 insurance companies and 170+ products across life, health, motor, credit-linked, and sachet insurance categories.

Founded in 2018 by co-founders Asif CH (CTO), Chiranth Patil, Sorabh Bhandari, Suvendu Prusty, and Vidya Sridharan, Riskcovry describes itself as the "plumbing" that makes insurance distribution scalable across India. The company reached USD 16.7 million in revenue in 2024, up from USD 6.3 million in 2023, and raised a USD 5.3 million Series A led by Omidyar Network India, Pentathlon Ventures, and DMI Sparkle Fund.

Products & Services

Unified Insurance API

A single API integration that connects any digital platform to 40+ Indian insurance companies and 170+ pre-integrated insurance products.

Key Features

Single integration point for entire Indian insurance market
40+ insurers including private and public sector companies
170+ products across life, health, motor, credit-linked, and sachet insurance
Policy issuance, management, and claims digital processes
Multi-channel distribution support

Target Users: Fintechs, NBFCs, banks, digital consumer platforms

Insurance-in-a-Box

End-to-end building blocks for partners to offer insurance to their customers, including product access, technology for customer touchpoints, and digital processes.