Company profile
Verak (now, part of InsuranceDekho)
Verak team is part of InsuranceDekho as of April 2023. for more info, please contact: 7551196989
- Industry
- Insurance
- Employees
- 14
- Headquarters
- Navi Mumbai, Maharashtra
- Founded
- 2020
- LinkedIn followers
- 15,507
- Office locations
- 1
Verak (now, part of InsuranceDekho) company summary
Verak (now, part of InsuranceDekho) is a company in the Insurance industry, headquartered in Navi Mumbai, Maharashtra, founded in 2020. On LinkedIn the company has around 14 employees and 15,507 followers. Its listed specialties include insurance, insurtech, technology.
What technology does Verak (now, part of InsuranceDekho) use?
No technologies detected yet. Warmrank rechecks company websites on a rolling basis.
About Verak (now, part of InsuranceDekho)
Verak Inc was co-founded in October 2020 by Vishrut B, Eashan B, Rahul Mathur, Abraz M and Kunal K. The company's first product - BimaPe - allowed customers to get a unified view of their family's insurance via a wallet offering. The product leveraged the India Stack to fetch policyholder details in an instant & used a proprietary machine learning model to decode the policy TnCs in simple words for consumers. Verak Inc raised a total of $1.85M in venture financing with participation from Sequoia Capital India & Lightspeed India Partners. The company was also a part of Y Combinator's W21 accelerator programme. In September 2021, the company's first product - BimaPe was retired. And, the team focused on a new SMB insurance offering. The company pioneered an end-to-end WhatsApp based journey for MSME owners in India with multi-lingual support from prospecting to purchase to after-sales support. The company on-boarded 5,000+ MSMEs in its first year of operations with a 8% self-serve purchase rate and subsequent 60% renewal rate. Verak team is now part of InsuranceDekho from April 2023.
Specialties
Where is Verak (now, part of InsuranceDekho) located?
Verak (now, part of InsuranceDekho) lists 1 location.
Compare companies similar to Verak (now, part of InsuranceDekho)
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| Company | Industry | Employees | Founded | Headquarters |
|---|---|---|---|---|
Verak (now, part of InsuranceDekho) verak.in | Insurance | 14 | 2020 | Navi Mumbai, Maharashtra |
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Frequently asked questions about Verak (now, part of InsuranceDekho)
What does Verak (now, part of InsuranceDekho) do?
Verak Inc was co-founded in October 2020 by Vishrut B, Eashan B, Rahul Mathur, Abraz M and Kunal K. The company's first product - BimaPe - allowed customers to get a unified view of their family's insurance via a wallet offering. The product leveraged the India Stack to fetch policyholder details in an instant & used a proprietary machine learning model to decode the policy TnCs in simple words for consumers. Verak Inc raised a total of $1.85M in venture financing with participation from Sequoia Capital India & Lightspeed India Partners. The company was also a part of Y Combinator's W21 accelerator programme. In September 2021, the company's first product - BimaPe was retired. And, the team focused on a new SMB insurance offering. The company pioneered an end-to-end WhatsApp based journey for MSME owners in India with multi-lingual support from prospecting to purchase to after-sales support. The company on-boarded 5,000+ MSMEs in its first year of operations with a 8% self-serve purchase rate and subsequent 60% renewal rate. Verak team is now part of InsuranceDekho from April 2023.
How many employees does Verak (now, part of InsuranceDekho) have?
Verak (now, part of InsuranceDekho) has around 14 employees on LinkedIn.
Where is Verak (now, part of InsuranceDekho) headquartered?
Verak (now, part of InsuranceDekho) is headquartered in Navi Mumbai, Maharashtra.
When was Verak (now, part of InsuranceDekho) founded?
Verak (now, part of InsuranceDekho) was founded in 2020.
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