Verak

Better Business Insurance for MSMEs in India

Acquired

Website ↗Source: Y Combinator ↗

About

Verak is now part of InsuranceDekho as of April 2023.

Verak offered next day coverage starting at ₹8 per day for MSMEs in India to insure any facility (shop, warehouse, factory etc) against 15+ natural & man-made perils. (*)

Our team worked across the entire insurance value-chain: From satellite based underwriting to machine learning based pricing to instant quotation to WhatsApp based claims.

Topics

InsuranceFintech

Location: Bengaluru, India
Team size: 45 employees
YC batch: Winter 2021
Status: Acquired
Stage: Early stage

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Questions and answers

What does Verak do?

Better Business Insurance for MSMEs in India

Where is Verak based?

Bengaluru, India

How many people work at Verak?

45 employees, according to the company profile.

Has Verak raised money?

There are no funding rounds for Verak in our data.

What are the alternatives to Verak?

Similar startups: GroMo, MedPiper Technologies, Inc, and SureBright.