TLDR:
- Indian Insurtech startup Bharatsure has raised $1 million in a funding round led by venture capital fund Capital-A.
- The company plans to use the funding to expand insurance accessibility in India.
- Bharatsure specializes in providing Infrastructure-as-a-Service solutions to insurance distributors and focuses on group health insurance.
- The company currently serves 150,000 users and aims to reach 10 million users in the next two years.
- The strategic investment from Capital-A positions Bharatsure as a potential game-changer in the Indian Insurtech sector.
Indian Insurtech startup Bharatsure has secured $1 million in a funding round led by early-stage venture capital fund Capital-A. The company plans to utilize the funding to broaden insurance accessibility across India. Bharatsure offers Infrastructure-as-a-Service solutions to insurance distributors, assisting with various aspects of insurance management. The company focuses particularly on group health insurance and aims to empower the insurance ecosystem by providing necessary tools for effective distribution. Currently, Bharatsure has partnerships with over 500 organizations and serves 150,000 users. The company has set an ambitious target to extend its services to 10 million users in the next two years. The investment from Capital-A highlights Bharatsure’s potential to establish a digital ecosystem for employers in India and positions the company as a potential game-changer in the Indian Insurtech sector.
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