Verak

Better Business Insurance for MSMEs in India

Y CombinatorWinter 2021AcquiredFintechInsuranceInsurance

What they do

Problem

MSMEs in India struggle to get affordable, fast-to-activate insurance coverage for their business facilities against a wide range of risks.

Solution

Verak provided next-day business facility insurance using satellite-based underwriting, ML-based pricing, instant quotes, and WhatsApp-based claims.

Who it's for

Indian MSMEs needing insurance for shops, warehouses, factories, and other facilities.

Rahul Mathur

Founder

Now: Pre-Seed Investor @ DeVC Prev: Founder @ Verak (acquired by InsuranceDekho)