Insurtech startup GramCover raises $7 million in Series A funding

Mumbai: Insurtech startup GramCover on Monday said it has raised $7 million co-led by Siana Capital and Inflexor Ventures in a Series A round. The fundraise also saw the participation of Stride Ventures along with existing backers Omidyar Network India, Flourish Ventures and Emphasis Ventures (EMVC).

The five-year-old startup specialises as an insurtech marketplace focused on rural India facilitating policy purchases across products like crop, motor, livestock, and health insurance. The firm said that it sold insurance covers worth Rs 110 crore in premiums.