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 as of April 05, 2024. 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 as on 05 Apr, 2024
- Founders Mayank Mishra, Saurabh Vijayvergia, Harshit Jain
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
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Social
Locked
- Legal Name Claycove23 Insurance Tech Private Limited
- Date of Incorporation 30 Dec, 2022
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
Not available
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Net Profit
-$139.9 K (USD)0as on Mar 31, 2023
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EBITDA
-$186.2 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$4.26 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Seed
May 27, 2024
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Investors
Enam Holdings
& 2 more
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Employee Count
36
as on Apr 05, 2024
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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.
People of CoverSure
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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.
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 |
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Investment in Indian capital markets and initiatives in asset management and renewable energy.
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Early-stage investments in multiple industries are targeted by the firm.
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SV
Saurabh Vijayvergia |
Founder of Balancehero, angel investor in Indian startups
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Locked | Locked | Locked |
Investor details for CoverSure
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by CoverSure
Investment portfolio details for CoverSure
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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Financial Statements - CoverSure
Detailed financials for CoverSure
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Coversure Comparisons
Peer comparison for CoverSure
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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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 year | HQ Location | Description |
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| Locked | Locked | Locked |
Software solutions provider for Insurers
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Products and Services provider for Structured Products
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Software solution provider for insurance business processes
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Pension administration and unemployment insurance software solutions are provided.
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Life insurance policy management and trust administration solutions are provided.
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Detailed competitors of CoverSure
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Latest news on Coversure
Complete news archive for CoverSure
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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.
As of Apr 05, 2024, the latest employee count at CoverSure is 36.
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.