About Covrzy
Covrzy is a Financial Services company based in Bengaluru (India) founded in 2022 by Veera Thota and Ankit Kamra. Business insurance is provided for startups and various industries. It operates on a InsurTech and Brokerage / Intermediation model. Covrzy has raised $386.28 thousand across 1 funding round from investors including Antler and Shastra VC. Its chief executive, as recorded, is Ankit Kamra. Its website covrzy.com draws about 14 thousand monthly visits. Its Indian entity Bizcovr Insurance Broking Private Limited reported revenue of ₹12.2 Lakh. Covrzy offers products and services including Liability Insurance, Property & Casualty Insurance, and Employee Health Insurance. Its focus areas include Insurance and Business Insurance. Its competitors include Policybazaar, InsuranceDekho and Turtlemint; 2 of its 3 listed competitors have raised funding.
Company details
Comprehensive business insurance solutions are offered by Covrzy for startups, SMEs, and enterprises across various industries such as Edtech, BFSI, Fintech, E-Commerce, Manufacturing, and Healthcare. A wide range of policies including Liability Insurance, Property Casualty, Employee Health Insurance, and Cyber Security are provided. Customised policies, affordable pricing, and 247 claims assistance are ensured to mitigate financial risks and secure business assets. Operational resilience is supported through protection against lawsuits, natural disasters, and cyber attacks.
- Headquarters Bengaluru, India
- Founders Veera Thota, Ankit Kamra
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website covrzy.com
- Social LinkedIn X Instagram
- Legal Name Bizcovr Insurance Broking Pvt. Ltd.
- Date of Incorporation 12 Oct, 2023
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹12.2 Lakh
FY 2025 · +303% YoY
- Net Loss-₹11.9 Lakh
FY 2025 · -98% margin
- EBITDA-₹14.8 Lakh
FY 2025 · -121% margin
- Total Equity Funding$386.28K (USD)
in 1 rounds
- Latest Funding Round$386.28K (USD), Seed
May 2023
- InvestorsAntler
& 1 more
Associated legal entities of Covrzy
Covrzy is associated with 3 registered companies on The Company Check; the primary company is Bizcovr Insurance Broking Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bizcovr Insurance Broking Private Limited CIN U66220KA2023PTC179675 | Active | 12 Oct 2023 | Bangalore, Karnataka | ₹0.1 Cr | 2 | View details | |
| Bizcovr Technologies Private Limited CIN U62099KA2023PTC172726 | Active | 24 Apr 2023 | Bangalore, Karnataka | ₹0.3 Cr | 2 | View details | |
| Covrzy Technologies Private Limited CIN U72900KA2022PTC168264 | Active | 24 Nov 2022 | Bengaluru, Karnataka | 3 | View details |
Products & Services of Covrzy
Covrzy offers a comprehensive portfolio of products and services, including Liability Insurance, Property & Casualty Insurance, and Employee Health Insurance.
Coverage for business liabilities is provided against claims.
Protection for business assets is offered against damages.
Health coverage for employees is ensured through policies.
Funding Insights of Covrzy
Covrzy has successfully raised a total of $386.28K through 1 strategic funding round. The most recent funding activity was a Seed round of $386.28 thousand completed in May 2023. 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 $386,278
- Total Rounds 1
- Last Round Seed — $386,278
- First Round $386,278
(May 2023)
- Investors Count 2
All 1 funding rounds of Covrzy 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 2023 | $386,278 | Seed | – | Antler |
2 investors in total: 2 institutional.
Investors in Covrzy
Covrzy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Antler and Shastra VC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investing and founder support services are offered globally by Antler. | 2018 | antler.co | ||
Venture capital investments are provided to early-stage startups across sectors. | shastra.vc | Bengaluru, India |
Investor details for Covrzy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Bizcovr Insurance Broking Private Limited (Covrzy)
Bizcovr Insurance Broking Private Limited is the primary company behind Covrzy. The boards of the 3 registered companies of Covrzy currently have 4 directors; the longest-serving is Ankit Kamra, appointed in 2022. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Kamra DIN 08206884 | Director | 24 Nov 2022 | 3 yrs 11 mo | Covrzy Technologies Private Limited, Bizcovr Insurance Broking Private Limited, Bizcovr Technologies Private Limited |
| Shekhar Palai DIN 07486219 | Director | 24 Nov 2022 | 3 yrs 11 mo | Covrzy Technologies Private Limited |
| Ekta Patangi DIN 08845658 | Additional Director | 15 Dec 2022 | 3 yrs 10 mo | Covrzy Technologies Private Limited |
| Sachin Lahanu Bhusal DIN 08984356 | Additional Director | 03 Jul 2025 | 1 yr 3 mo | Bizcovr Insurance Broking Private Limited, Bizcovr Technologies Private Limited |
People of Covrzy
2 people are tracked at Covrzy (2 in leadership).
| Name | Role | Group |
|---|---|---|
Veera Thota | Co-Founder & CTO | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Covrzy
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 Covrzy
Figures of Bizcovr Insurance Broking Private Limited, the primary company behind Covrzy, for FY 2025. Revenue was ₹12.2 Lakh (+303% year on year). Net loss was -₹11.9 Lakh (-98% margin). EBITDA was -₹14.8 Lakh (-121% margin).
- ₹12.2 LakhRevenue · FY 2025 · +303% YoY
- -₹11.9 LakhNet loss · -98% margin
- -₹14.8 LakhEBITDA · -121% margin
- ₹1.00 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Bizcovr Insurance Broking Private Limited are on its company page.
Detailed financial statements for Covrzy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
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Timeline of Covrzy
2 dated milestones of Covrzy across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Covrzy is founded.
- Funding First funding round of $386K.
Competitors of Covrzy
Covrzy has 3 listed competitors in our database, 2 of them funded. They include Policybazaar, InsuranceDekho and Turtlemint.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| policybazaar.com | 2008 | Gurugram, India | 24,206 | Insurance plans are compared and purchased via an online marketplace. | ||
| insurancedekho.com | 2016 | Gurugram, India | $394.5M | 2,077 | Online insurance policies are compared and purchased through the platform. | |
| turtlemint.com | 2015 | Mumbai, India | $220.08M | 2,400 | Provider of platform for comparing and purchasing insurance, loans, and funds |
Detailed competitors of Covrzy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Covrzy
The website of Covrzy (covrzy.com) receives about 13.9K visits a month.
- Monthly visits13.9K
▼ 23.8% vs previous month
Websites whose visitors overlap most with Covrzy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hinduvism.com | hinduvism.com | 100% | #2,309,103 | – | |
hikecalculator.net | hikecalculator.net | 90% | #13,164,177 | – | |
| resanskrit.com | 85% | #246,895 | View details | ||
businessblast.in | businessblast.in | 80% | #9,109,028 | – |
Top companies in Insurance Providers
3 companies that operate in the same segment as Covrzy (Insurance Providers) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | USD 502.59 M | 31,422 |
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Related news about Covrzy
Complete news archive for Covrzy
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Frequently Asked Questions about Covrzy
Covrzy was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Covrzy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ankit Kamra is the CEO of Covrzy, as recorded in our data. They have also founded this company.
Covrzy is a funded company, having raised a total of $386.28K across 1 funding round to date. The company's 1st funding round was a Seed of $386.28K, raised on May 2023.
The primary company behind Covrzy, Bizcovr Insurance Broking Private Limited, reported revenue of ₹12.2 Lakh for FY 2025, up 303% year on year.
Comprehensive business insurance solutions are offered by Covrzy for startups, SMEs, and enterprises across various industries such as Edtech, BFSI, Fintech, E-Commerce, Manufacturing, and Healthcare. A wide range of policies including Liability Insurance, Property Casualty, Employee Health Insurance, and Cyber Security are provided. Customised policies, affordable pricing, and 247 claims assistance are ensured to mitigate financial risks and secure business assets. Operational resilience is supported through protection against lawsuits, natural disasters, and cyber attacks.
Covrzy's top competitors include Policybazaar, InsuranceDekho and Turtlemint.
Covrzy offers Liability Insurance, Property & Casualty Insurance, and Employee Health Insurance.
Covrzy has 2 investors. Key investors include Antler, and Shastra VC.
Covrzy is associated with 3 legal entities: Bizcovr Insurance Broking Private Limited, Covrzy Technologies Private Limited, Bizcovr Technologies Private Limited.
The legal entities of Covrzy currently have 4 directors, including Ekta Patangi, Ankit Kamra, Shekhar Palai and others.