Gurugram- and Bengaluru-based insurtech firm Ensuredit has raised $4.2 million in its pre-Series Round A led by Cover Genius with participation from other investors including 9Unicorns, NexStep Discovery Pte, CP Ventures, Venture Catalysts and IPV. Existing investors also participated in the current round.
The company aims to utilize this funding for product and expanding the technology team.
Founded in 2019 by Amit Boni, Rohit Sadhu, and Vikas Ranga, Ensuredit provides access to a distribution system, streamlined workflows, open APIs, and an analytics suite. Its range of services includes channel agnostic digital onboarding, a sales suite, payment mechanisms, policy issuance and post sales management.