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Founded Year



Bridge | Alive

Total Raised




Last Raised

$4.5M | 1 mo ago

About Riskcovry

Riskcovry offers omnichannel insurance services​ for consumer businesses. The company provides a full-stack insurance distribution platform, offering a wide range of insurance products from various insurers, and enabling digital insurance purchase journeys and claim registration. It primarily serves partners across multiple industries. The company was founded in 2018 and is based in West Mumbai, India.

Headquarters Location

Juhu Tara road Next To JW Marriott Juhu 314, Duru house, 3rd Floor

West Mumbai, 400049,


+022 9845708000


Riskcovry's Product Videos

Riskcovry's Products & Differentiators

    Configurators (Retail and Group Products, Lendpro, Embed Pro

    These no-code modules enable curating the right insurance product combo to serve client’s user base without deep engineering cycles.


Research containing Riskcovry

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Riskcovry in 2 CB Insights research briefs, most recently on Mar 21, 2023.

Expert Collections containing Riskcovry

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Riskcovry is included in 2 Expert Collections, including Insurtech.



4,196 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience



12,502 items

Excludes US-based companies

Latest Riskcovry News

Insurtech startups make hay as embedded insurance gets the spotlight

Jan 19, 2024

Insurtech startups make hay as embedded insurance gets the spotlight SECTIONS By Rate Story Synopsis From banks that want to cross-sell insurance products to ecommerce companies offering to insure large-ticket purchases to travel aggregators offering insurance against flight delays, companies are roping in insurance technology startups such as Zopper, Riskcovry, and OneAssure to power such sales. A rush among consumer-facing companies to offer bundled insurance packages along with their products and services is opening fresh business opportunities for digital insurance infrastructure startups. From banks that want to cross-sell insurance products to ecommerce companies offering to insure large-ticket purchases to travel aggregators offering insurance against flight delays, companies are roping in insurance technology startups such as Zopper , Riskcovry, and OneAssure to power such sales. Elevate Your Tech Prowess with High-Value Skill Courses Offering College Such insurtech companies are working with insurance brokers , banks, ecommerce portals, travel platforms, and electronic brands to help embed insurance into their sales processes. “If insurance penetration needs to go up in India, industry needs to distribute these products more efficiently and effectively… That is where our technology comes in to ensure there is no mis-selling of insurance and sales are done in a compliant fashion,” said Ruchir Kanakia, founder of OneAssure. The Bengaluru-based early stage startup helps insurance brokers sell the right health insurance product to the right customer. OneAssure is currently testing out its product with five brokers, but eventually it wants to scale up to work with more brokers and banks to help sell insurance products. “There are around 700 insurance brokers and 1,000 corporate agents with whom we can work and deploy our solutions,” Kanakia said. New Opportunities Noida-based Zopper aims to process gross written premiums worth $300 million by March 2024 by working with housing finance companies, microfinance institutions, travel aggregators, retail players, ecommerce platforms and others. “These entities have a very big captive audience and they can be offered insurance products on top of their purchases and we are the tech-enabled distribution platform that can make that happen,” said Mayank Gupta, cofounder of Zopper. The bancassurance model opened up in 2022 when the insurance regulator allowed banks to partner with nine entities in health, life and general insurance from the limit of three partners previously. With more partnerships, the demand for compliance rose, prompting banks to rope in insurtech companies to help connect with more insurers. “We have grown our business more than 100% year on year working with banks and other companies, helping them distribute insurance to their customers by using our modern insurtech platform,” Gupta said. Mumbai-based Riskcovry, too, helps banks and other financial institutions sell insurance. The company processed Rs 1,500 crore of gross written premium in 2023. It is targeting to achieve Rs 2,400 crore of premium processed in this year. Also read | Investor Backing Soaring business has helped insurtech startups raise funds in spite of a funding winter in the overall startup space. Zopper – which moved into tech-enabled insurance distribution in 2019 after starting in the retail point of sales space in 2011 – raised $75 million in a major equity round in 2022 led by the likes of Creaegis, ICICI Venture, Bessemer Venture Partners and others. Riskcovry recently closed a $4.5-million funding round. Once the company attains profitability, it will look to raise a larger equity round. Chiranth Patil, cofounder of Riskcovry, said the company is in a position where ‘any’ insurance product from ‘any’ underwriter could be enabled via APIs for ‘any’ distributor. The startup claims to have integrated with more than 40 insurers across general, health and life segments and offers APIs of more than 150 products. With almost 20 general insurance licences pending with the sector regulator, fresh insurance companies will be born over the year or so, industry insiders said. That would mean more opportunities for integrations and new embedded insurance products in the market. “With more partnerships, complexities go up and the demand for a unified tech solution will only go up from here on,” said Gupta of Zopper. Revenue Model These startups can also tap into a steady source of revenue as their clients sell more insurance products. While some charge a software deployment fee, some companies offer software deployment, services and even help in sales thereby charging their customers accordingly. “We are seeing some of our largest customers transitioning to an API-usage based pricing model…as an infratech business model, both are sustainable revenue models for us, but the market seems to be evolving towards the API-metering model,” said Patil of Riskcovry. Read More News on

Riskcovry Frequently Asked Questions (FAQ)

  • When was Riskcovry founded?

    Riskcovry was founded in 2018.

  • Where is Riskcovry's headquarters?

    Riskcovry's headquarters is located at Juhu Tara road Next To JW Marriott Juhu, West Mumbai.

  • What is Riskcovry's latest funding round?

    Riskcovry's latest funding round is Bridge.

  • How much did Riskcovry raise?

    Riskcovry raised a total of $9.5M.

  • Who are the investors of Riskcovry?

    Investors of Riskcovry include IIFL Finance, Morphosis Venture Capital, Omidyar Network India, Pentathlon Ventures, DMI Sparkle Fund and 5 more.

  • Who are Riskcovry's competitors?

    Competitors of Riskcovry include EvolutionIQ, Stubben Edge, Cover Genius, Zopper, HealthySure and 7 more.

  • What products does Riskcovry offer?

    Riskcovry's products include Configurators (Retail and Group Products, Lendpro, Embed Pro and 2 more.

  • Who are Riskcovry's customers?

    Customers of Riskcovry include


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