Gramcover Insurance Brokers Private
Latest round
- Series A
Last raised
- Oct 2021
Total raised
- $8.2M
Investors
- 7
About Gramcover Insurance Brokers Private
Gramcover Insurance Brokers Private Limited, founded in 2016 in Noida, India, specializes in providing insurance solutions for the agricultural sector. The company was co-founded by Dhyanesh Bhatt and Jatin Singh, who have experience in developing insurance products that cater to the specific needs of farmers.Gramcover offers a range of innovative insurance solutions tailored to meet the unique needs of underserved markets, particularly in the agricultural sector. Their core product is a parametric insurance policy designed to provide farmers with rapid financial support in response to adverse weather conditions, enabling them to mitigate risks associated with crop failure. This product leverages real-time data and technology to assess environmental variables, triggering automatic payouts when predefined conditions are met. Gramcover serves a diverse client base that includes smallholder farmers and agricultural cooperatives primarily in emerging markets across Africa and Asia.10. The company generates revenue through a combination of direct-to-consumer sales and B2B partnerships with agricultural cooperatives and organizations. The transaction structure involves offering insurance products on a subscription basis, where clients pay premiums that correspond to their policies. The company plans to utilize these funds to strengthen its technology and product offerings significantly, enabling a scale-up of operations. Gramcover aims to expand its market reach into new countries across Africa and Asia by 2023, introducing additional innovative insurance products designed specifically for local agricultural challenges.
Who invested in Gramcover Insurance Brokers Private
7 investors across 3 rounds
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Questions about Gramcover Insurance Brokers Private
Who invested in Gramcover Insurance Brokers Private?
Gramcover Insurance Brokers Private has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Gramcover Insurance Brokers Private raised?
Gramcover Insurance Brokers Private has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Gramcover Insurance Brokers Private last raise money?
Gramcover Insurance Brokers Private's most recent round on record is a Series A, in Oct 2021.
What does Gramcover Insurance Brokers Private do?
Gramcover Insurance Brokers Private Limited, founded in 2016 in Noida, India, specializes in providing insurance solutions for the agricultural sector.
Where is Gramcover Insurance Brokers Private headquartered?
Gramcover Insurance Brokers Private is headquartered in Noida, India.
Which VCs invest in companies like Gramcover Insurance Brokers Private?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back insurance companies at Gramcover Insurance Brokers Private's stage. Their profiles are linked below.
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