Insurtech platform Insurance Samadhan has raised $725,000 (Rs 5.5 crore) in a pre-Series A round led by Equanimity Investments. The other participants of this round include 9Unicorns and ZNL.
Established in 2018, Insurance Samadhan resolves insurance grievances like misselling, fraud and claim rejections in Life, Health and General insurance. The insurtech platform has resolved more than 14,500 grievances since its inception.
It clocks revenue based on a success fee-based model. The latest funds will help Insurance Samadhan strengthen its technology.
