Insurance grievance redressal platform Insurance Samadhan raises Rs 8.5 crore in funding

Here’s a summary of the information provided:

Fundraising Details:

• Startup: Insurance Samadhan
• Funding Amount: ₹8.5 crore (approx. $1.04 million)
• Funding Round: Strategic funding round
• Date: Not specified in the text
• Total Funding to Date: Over $4.58 million since founding in 2018

Investors:

• Investor Type: Consortium of family offices
• Financial Advisor: Innovito Ventures

Founders:

1. Deepak Bhuvneshwari Uniyal
2. Shailesh Kumar
3. Sanjay H Aggarwal
4. Shilpa Arora
5. Ravi Mathur

Startup Goals:

• Enhance transparency and efficiency in the insurance sector.
• Leverage digital tools to empower consumers and stakeholders.
• Features like "Know Your Policy" to assist customers with insurance documentation.

Key Metrics:

• Claims resolved: Over 18,000
• Claims recovered: ₹160 crore
• Average complaint resolution time reduced from 60 days to under 27 days.

If you have any further questions or need more details, feel free to ask!

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2025-05-06 13:02:24