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Covrzy logo — Simplifying business insurance for Indian startups and SMEs

Covrzy

Simplifying business insurance for Indian startups and SMEs

Founded 2022 India Bengaluru, India 16 employees Pre Seed Total: $32.00M Insurance

General Information

Company Name Covrzy
Founded Year 2022
Location India Bengaluru, India +1
Employees 16
Industries Insurance
Funding Stage Pre Seed
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About Covrzy

Covrzy is a startup based in India founded in 2022. The company's slogan "Simplifying business insurance for Indian startups and SMEs" reflects its core objective of re-inventing how Indian businesses purchase and utilize commercial insurance products. Covrzy's platform offers a quick comparison and purchase of insurance policies, collaborating with major insurers. The company's focus is on addressing India's underinsurance issue for SMEs by providing simple, affordable, and flexible insurance solutions. Covrzy adopts a digital-first approach to empower SMEs with tailored insurance and claims support, aiming to democratize insurance distribution in India. The startup received a INR32.00M Pre Seed Round investment on 23 May 2023 from Antler and Shastra VC. Covrzy's mission is to cater to the critical needs of underserved SME business owners, positioning itself to serve as a key player in the insurance industry in India. For more information, visit Covrzy's website.

Taxonomy: business insurance, SMEs, commercial insurance, insurance solutions, digital-first approach, insurance distribution, insurance products, underinsurance problem, claims support, startup, Indian businesses, insurance comparison, insurtech, insurance marketplace, insurance technology

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Pre Seed Round •••••• 2
Investor Investor
23 May 2023

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FAQ About Covrzy

Simplifying business insurance for Indian startups and SMEs
Covrzy was founded in 2022.
Covrzy is headquartered in Bengaluru, India.
Covrzy operates in the following industries: Insurance.
Covrzy has approximately 16 employees.
Covrzy has completed 1 funding round, raising a total of $32.00M. The latest funding stage is Pre Seed.
Top alternatives and competitors to Covrzy include Indemna Corporation, EMPLOYERS, Helvengo, SMART Business Insurance, Raetsheren - Acrisure. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Covrzy and Indemna Corporation are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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