About Covrzy
Covrzy is a company based in Bengaluru (India) founded in 2022 by Veera Thota and Ankit Kamra. It operates as a InsurTech and Brokerage / Intermediation. Covrzy has raised $386.28 thousand across 1 funding round from investors including Antler and Shastra VC. Covrzy offers products and services including Liability Insurance, Property & Casualty Insurance, and Employee Health Insurance. Covrzy operates in a competitive market with competitors including Policybazaar, InsuranceDekho, Turtlemint, PB Fintech and Finhaat, among others.
- Headquarter Bengaluru, India
- Founders Veera Thota, Ankit Kamra
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Bizcovr Insurance Broking Pvt. Ltd.
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Annual Revenue
$3.66 K (USD)0as on Mar 31, 2024
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Net Profit
-$1.94 K (USD)0as on Mar 31, 2024
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EBITDA
-$2.6 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$386.28 K (USD)
in 1 rounds
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Latest Funding Round
$386.28 K (USD), Seed
May 23, 2023
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Investors
Antler
& 1 more
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Employee Count
Not available
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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.
Investors in Covrzy
Covrzy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Antler and Shastra VC.
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Early-stage investing and founder support services are offered globally by Antler.
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Venture capital investments are provided to early-stage startups across sectors.
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Investor details for Covrzy
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Investments & Acquisitions by Covrzy
Investment portfolio details for Covrzy
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- Transaction dates
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Financial Statements - Covrzy
Detailed financials for Covrzy
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Covrzy Comparisons
Peer comparison for Covrzy
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Covrzy
Covrzy 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 Policybazaar, InsuranceDekho, Turtlemint, PB Fintech and Finhaat, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance plans are compared and purchased via an online marketplace.
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Online insurance policies are compared and purchased through the platform.
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Provider of platform for comparing and purchasing insurance, loans, and funds
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Online platform for insurance and lending products is operated.
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A B2B platform is provided for distributing financial products.
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Online platform for comparing and buying insurance policies is operated.
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Detailed competitors of Covrzy
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- Full company profiles
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Latest news on 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 current CEO of Covrzy. They have also founded this company.
Covrzy is a funded company, having raised a total of $386.28K across 1 funding round to date.
Annual revenue of Covrzy is $3.66K as on Mar 31, 2024.
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 PB Fintech.
Covrzy offers Liability Insurance, Property & Casualty Insurance, and Employee Health Insurance.
Covrzy has 2 investors. Key investors include Antler, and Shastra VC.