About GramCover
GramCover is a company based in Noida (India) founded in 2016 by Rishi Raj Vashisht, Swarup Beria, Nalin Rawal, and Jatin Singh. GramCover has raised $10.08 million across 7 funding rounds from investors including Olo, EMVC and Inflexor. The company has 36 employees as of April 07, 2024. GramCover offers products and services including Motor Insurance, Crop Insurance, Livestock Insurance, and Reinsurance. GramCover operates in a competitive market with competitors including Paisa Bazaar, Apnapaisa, Capitaworld, FinanceBuddha and Rubique, among others.
- Headquarter Noida, India
- Employees 36 as on 07 Apr, 2024
- Founders Rishi Raj Vashisht, Swarup Beria, Nalin Rawal, Jatin Singh
- Stage Minicorn
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Sectors
AgricultureFinancial 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 Gramcover Insurance Brokers Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$4 M (USD)41.38as on Mar 31, 2023
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Net Profit
-$19.55 K (USD)60.18as on Mar 31, 2023
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EBITDA
-$37.29 K (USD)38.51as on Mar 31, 2023
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Total Equity Funding
$10.08 M (USD)
in 7 rounds
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Latest Funding Round
$719.47 K (USD), Series A
May 04, 2024
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Investors
Olo
& 8 more
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Employee Count
36
as on Apr 07, 2024
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Products & Services of GramCover
GramCover offers a comprehensive portfolio of products and services, including Motor Insurance, Crop Insurance, Livestock Insurance, and Reinsurance.
Provides coverage for vehicles against accidents and risks.
Offers protection for crops from weather and natural disasters.
Delivers coverage for livestock health and loss events.
Facilitates risk transfer for insurers in various sectors.
People of GramCover
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Assistant Team
2 people
Product Management Team
1 people
Leadership Team
1 people
Head Team
1 people
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Funding Insights of GramCover
GramCover has successfully raised a total of $10.08M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $719.47 thousand 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 GramCover
GramCover has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Olo, EMVC and Inflexor.
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Venture fund management focusing on deep tech and science investments in India.
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Venture capital firm investing in technology and deep tech startups with a focus on innovative solutions.
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Investments are made in digital society, education, and employability sectors.
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Investor details for GramCover
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by GramCover
Investment portfolio details for GramCover
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - GramCover
Detailed financials for GramCover
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Gramcover Comparisons
Peer comparison for GramCover
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of GramCover
GramCover 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 Paisa Bazaar, Apnapaisa, Capitaworld, FinanceBuddha and Rubique, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online loan comparison platform
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Loans and credit cards are compared online in India.
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Loans are matched between borrowers and lenders using ML algorithms.
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Borrowers are connected to lenders for personal and business loans.
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A digital marketplace hosting a range of financial products.
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A digital insurance provider offering crop insurance solutions to farmers and cultivators
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Detailed competitors of GramCover
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Latest news on Gramcover
Complete news archive for GramCover
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Frequently Asked Questions about GramCover
GramCover was founded in 2016 and raised its 1st funding round 3 years after it was founded.
GramCover is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Jatin Singh is the current CEO of GramCover. They have also founded this company.
GramCover is a funded company, having raised a total of $10.08M across 7 funding rounds to date.
As of Apr 07, 2024, the latest employee count at GramCover is 36.
Annual revenue of GramCover is $4M as on Mar 31, 2023.
GramCover was established in 2016 in Noida, India, as an online platform in the insurtech sector. Comparison services are provided for health, motor, crop, and livestock insurance. A risk analysis tool is included for crop insurance, supporting insurers and corporates in creating tailored products and managing underwriting processes. Operations emphasize data-driven solutions across these areas.
GramCover's top competitors include Rubique, Paisa Bazaar and Kshema.
GramCover offers Motor Insurance, Crop Insurance, Livestock Insurance, and Reinsurance.
GramCover has 9 investors. Key investors include Olo, EMVC, Inflexor, Siana Capital, and Omidyar Network India.
The valuation of GramCover is $18.16M as of Oct 2021.