About CoverSure
CoverSure is a company based in Mumbai (India) founded in 2023 by Mayank Mishra, Saurabh Vijayvergia, and Harshit Jain. CoverSure has raised $4.26 million across 2 funding rounds from investors including Enam Holdings, Volrado Venture Partners and Saurabh Vijayvergia. The company has 36 employees. CoverSure offers products and services including Insurance Portfolio, Risk Calculator, Know Your Policy, Insurance on Cards, and CoverSure Motor Club. CoverSure operates in a competitive market with competitors including Artificial Labs, Leonteq, Web Connectivity, Sagitec and ITM TwentyFirst, among others.
- Headquarter Mumbai, India
- Employees 36
- Founders Mayank Mishra, Saurabh Vijayvergia, Harshit Jain
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Website coversure.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Claycove23 Insurance Tech Private Limited
- Date of Incorporation 30 Dec, 2022
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.28 Cr
FY 2025 · +60% YoY
- Net Loss-₹1.39 Cr
FY 2025 · -109% margin
- EBITDA-₹1.31 Cr
FY 2025 · -103% margin
- Total Equity Funding$4.26M (USD)
in 2 rounds
- Latest Funding Round$4M (USD), Seed
May 2024
- InvestorsEnam Holdings
& 2 more
- Employee Count36
Associated legal entities of CoverSure
CoverSure operates through Claycove23 Insurance Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Claycove23 Insurance Tech Private Limited CIN U74999MH2022PTC396393 | Active | 30 Dec 2022 | Mumbai, Maharashtra | ₹1.3 Cr | 36 | 3 | View details |
Products & Services of CoverSure
CoverSure offers a comprehensive portfolio of products and services, including Insurance Portfolio, Risk Calculator, Know Your Policy, Insurance on Cards, and CoverSure Motor Club.
Tool for tracking and managing user insurance policies effectively.
Calculates potential insurance risks for informed decision-making.
Service to review and understand details of existing policies.
Platform for accessing insurance via card-based systems securely.
Offers motor insurance support and related advisory features.
Provides immediate assistance for insurance-related emergencies.
Apps and channels of CoverSure
its YouTube channel CoverSure has 221 subscribers and 30 videos.
Videos from CoverSure
The most watched videos on CoverSure's YouTube channel, CoverSure (221 subscribers). Click a video to play it here.
More on CoverSure.
Funding Insights of CoverSure
CoverSure has successfully raised a total of $4.26M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.26M
- Total Rounds 2
- Last Round Seed — $4M
- First Round $258,837
(Mar 2023)
- Investors Count 3
All 2 funding rounds of CoverSure with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $4M | Seed | – | Enam Holdings | – |
| Mar 2023 | $258,837 | Seed | $2.6M | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $2.6M | •••••••• |
Last known valuation $2.6M (Mar 2023). 3 investors in total: 2 institutional and 1 angel.
Investors in CoverSure
CoverSure has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Enam Holdings, Volrado Venture Partners and Saurabh Vijayvergia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in Indian capital markets and initiatives in asset management and renewable energy. | 1984 | enam.com | Mumbai, India | |
Early-stage investments in multiple industries are targeted by the firm. | – | volradoventurepartners.tcc.mode | Mumbai, India | |
SV Saurabh Vijayvergia | Founder of Balancehero, angel investor in Indian startups | – | unknown_2f70691b1aca43ca9 | - |
Investor details for CoverSure
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Claycove23 Insurance Tech Private Limited (CoverSure)
Claycove23 Insurance Tech Private Limited is the primary company behind CoverSure. The board of Claycove23 Insurance Tech Private Limited currently have 2 directors; the longest-serving is Saurabh Vijayvergia, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saurabh Vijayvergia DIN 08020974 | Director | 30 Dec 2022 | 3 yrs 9 mo | Claycove23 Insurance Tech Private Limited |
| Ruchira Vijayvergia DIN 08020961 | Director | 30 Dec 2022 | 3 yrs 9 mo | Claycove23 Insurance Tech Private Limited |
People of CoverSure
13 people are tracked at CoverSure (6 in leadership, 7 in team); the tracked headcount is 36.
| Name | Role | Group |
|---|---|---|
Mayank Mishra | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership | |
Harshit Jain | Co-Founder & CPO | Leadership |
Swati Gusain | Head Of Growth | Leadership |
Atul Sharma | Founder's Office - Growth & Strategy | Leadership |
Prakash Dubey | Head - Sales & Distribution | Leadership |
Akanksha Patil | Ui/ux Designer | Team |
Sophia Halder | Avp- Projects & Alliances | Team |
Naveen Prabhakar | Senior Engineering Manager | Team |
Karunakar Reddy B | Software Development Engineer 3 | Team |
Rohan Gaikwad | Founding Member And Principal Officer | Team |
Devendra Dabhi | AVP - Products And Alliances | Team |
Prem Patel | Senior Software Engineer | Team |
Complete people profiles for CoverSure
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of CoverSure
Figures of Claycove23 Insurance Tech Private Limited, the primary company behind CoverSure, for FY 2025. Revenue was ₹1.28 Cr (+60% year on year). Net loss was -₹1.39 Cr (-109% margin). EBITDA was -₹1.31 Cr (-103% margin).
- ₹1.28 CrRevenue · FY 2025 · +60% YoY
- -₹1.39 CrNet loss · -109% margin
- -₹1.31 CrEBITDA · -103% margin
- ₹36.43 CrPaid-up capital
- 36Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Claycove23 Insurance Tech Private Limited are on its company page.
Detailed financial statements for CoverSure
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of CoverSure
4 dated milestones of CoverSure across 1 years, from founding to its latest funding, stage changes and deals.
- Founded CoverSure is founded.
- Funding First funding round of $259K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $4.0M.
Competitors of CoverSure
CoverSure operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Artificial Labs, Leonteq, Web Connectivity, Sagitec and ITM TwentyFirst, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| artificial.io | 2013 | London, United Kingdom | $27.13M | 28 | Software solutions provider for Insurers | |
| leonteq.com | 2007 | Zurich, Switzerland | – | – | Products and Services provider for Structured Products | |
| webconnectivityltd.com | 2003 | London, United Kingdom | – | 27 | Software solution provider for insurance business processes | |
| sagitec.com | 2004 | Saint Paul, United States | – | 523 | Pension administration and unemployment insurance software solutions are provided. | |
| itm21st.com | 1998 | Minneapolis, United States | – | 141 | Life insurance policy management and trust administration solutions are provided. | |
| hearti.io | 2015 | Singapore | – | – | AI-based claim management crypto platform for insurers and banks | |
| tappsolutions.com | 2011 | Atlanta, United States | – | – | Customized software solutions are provided for insurers and agents. | |
| netrate.com | 1998 | – | – | 39 | Cloud-based insurance processing and distribution solutions are provided. |
Detailed competitors of CoverSure
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CoverSure
The website of CoverSure (coversure.in) receives about 27.9K visits a month and ranks #1,314,446 among all websites worldwide, #5,055 in Insurance.
- Monthly visits27.9K
▲ 11.6% vs previous month
- Unique visitors13K
per month
- Global rank#1,314,446
among all websites
- Category rank#5,055
Finance · Insurance
- Bounce rate87%
- Pages per visit1.2
- Average visit11 sec
- DevicesDesktop 16% · Mobile 84%
Websites whose visitors overlap most with CoverSure. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zesty.ai | 100% | 14.1K | #1,676,941 | View details | |
| gicouncil.in | 93% | – | – | View details | |
| libertyinsurance.in | 83% | 355.2K | #109,852 | View details | |
| sprout.ai | 73% | 31.2K | #1,060,136 | View details | |
crn.in | crn.in | 53% | – | #1,787,104 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for CoverSure
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Coversure
Complete news archive for CoverSure
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to CoverSure
10 companies that operate in the same segment as CoverSure (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | – | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Finland | USD 1.16 B | – | – | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | – | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 182.84 M | – | – |
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Frequently Asked Questions about CoverSure
CoverSure was founded in 2023.
CoverSure is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Saurabh Vijayvergia is the current CEO of CoverSure. They have also founded this company.
CoverSure is a funded company, having raised a total of $4.26M across 2 funding rounds to date. The company's 1st funding round was a Seed of $258.84K, raised on Mar 2023.
CoverSure has 36 employees.
The primary company behind CoverSure, Claycove23 Insurance Tech Private Limited, reported revenue of ₹1.28 Cr for FY 2025, up 60% year on year.
CoverSure was founded in 2023 in Mumbai, India, within the insurance sector. Insurance products are supplied alongside risk assessment, policy management, and advisory services. Operations are conducted via a platform that enables policy access and oversight. Tools for evaluating risks are made available, while guidance on insurance topics is offered. Policy details are stored securely, and support services can be accessed through the platforms features.
CoverSure's top competitors include Artificial Labs, Leonteq and Web Connectivity.
CoverSure offers Insurance Portfolio, Risk Calculator, Know Your Policy, Insurance on Cards, and 2 more products and services.
CoverSure has 3 investors. Key investors include Enam Holdings, Volrado Venture Partners, and Saurabh Vijayvergia.
The valuation of CoverSure is $2.6M as of Mar 2023.
CoverSure operates through Claycove23 Insurance Tech Private Limited.