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Verak (now, part of InsuranceDekho) - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Verak (now, part of InsuranceDekho) including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Verak (now, part of InsuranceDekho) company logo

Verak team is part of InsuranceDekho as of April 2023.

Verak was co-founded in October 2020 and focuses on providing insurance solutions tailored for MSMEs through a unique end-to-end WhatsApp based journey.

HeadquartersNavi Mumbai, India
Team size11-50
Founded2020

What is Verak (now, part of InsuranceDekho)? - Company Overview & Details

Verak (now, part of InsuranceDekho) is Verak was co-founded in October 2020 and focuses on providing insurance solutions tailored for MSMEs through a unique end-to-end WhatsApp based journey. Founded in 2020, the company is headquartered in Navi Mumbai, India.

Who Founded Verak (now, part of InsuranceDekho)?

Verak (now, part of InsuranceDekho) was founded by Vishrut B, Eashan B, Rahul Mathur, Abraz M, Kunal K.

Who are the Key Executives at Verak (now, part of InsuranceDekho)? - Leadership Team

Verak (now, part of InsuranceDekho) is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Verak (now, part of InsuranceDekho)

Vishrut BCEO

Chief Technology Officer (CTO) of Verak (now, part of InsuranceDekho)

Kunal KCTO

About Vishrut B - CEO of Verak (now, part of InsuranceDekho)

Vishrut B serves as the Chief Executive Officer of Verak (now, part of InsuranceDekho), leading the company's strategic vision and operations.

Verak (now, part of InsuranceDekho) Company Details & Key Information

Where is Verak (now, part of InsuranceDekho) located?

Verak (now, part of InsuranceDekho) is headquartered in Navi Mumbai, India.

How many employees does Verak (now, part of InsuranceDekho) have?

Verak (now, part of InsuranceDekho) has 11-50 employees.

When was Verak (now, part of InsuranceDekho) founded?

Verak (now, part of InsuranceDekho) was founded in 2020.

Verak (now, part of InsuranceDekho) Official Website

How much funding has Verak (now, part of InsuranceDekho) raised?

Verak (now, part of InsuranceDekho) has raised $1.85 Million across 3 funding rounds. The most recent funding was completed on 2021-07-23.

Funding Overview

Verak raised a total of $1.85 million in venture financing with participation from Sequoia Capital India and Lightspeed India Partners.

$1.85 Million
Total Funding Raised
3
Funding Rounds
2021-07-23
Latest Round

Verak (now, part of InsuranceDekho) Funding History

Pre seed
2021-07-23
$545,000
Seed
2022-02-01
Series unknown
2023-02-01

Who are the key investors in Verak (now, part of InsuranceDekho)?

Verak (now, part of InsuranceDekho) is backed by 5 key investors including Lightspeed India Partners, Sequoia Capital India, Gemba Capital. These investors focus on sectors.

Verak (now, part of InsuranceDekho) Investor Overview

5
Key Investors
0
Focus Areas
0
Notable Investments

Complete List of Verak (now, part of InsuranceDekho) Investors

Lightspeed India Partners

Sequoia Capital India

Gemba Capital

Y Combinator

Titan Capital

What sectors do Verak (now, part of InsuranceDekho) investors focus on?

The investors backing Verak (now, part of InsuranceDekho) primarily focus on sectors.

Featured Investor: Lightspeed India Partners

Lightspeed India Partners

Notable Investments:

What are Verak (now, part of InsuranceDekho)'s future plans?

Verak (now, part of InsuranceDekho) Strategic Outlook

Strategic Focus
In Development
2
Key Challenges
2
Growth Opportunities

What challenges does Verak (now, part of InsuranceDekho) face?

Verak (now, part of InsuranceDekho) has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Verak (now, part of InsuranceDekho)

1

Market competition

2

Understanding local regulations

What opportunities does Verak (now, part of InsuranceDekho) have?

Verak (now, part of InsuranceDekho) has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Verak (now, part of InsuranceDekho)

1

Expansion into new regions

2

Diversifying product offerings

Verak (now, part of InsuranceDekho) Strategic Position Summary

Key Focus Areas

Verak (now, part of InsuranceDekho) is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Verak (now, part of InsuranceDekho)?

Verak (now, part of InsuranceDekho) has 1 recent news updates covering key business developments and market activities.

Verak (now, part of InsuranceDekho) News Overview

1
Recent Articles
Active
Media Coverage
2023-03-28
Latest Update

What is Verak (now, part of InsuranceDekho) in the news for?

Verak (now, part of InsuranceDekho) is currently featured in news for InsuranceDekho acquired Verak for $150M on Apr 1st '23. and other significant business developments.

Recent News Articles About Verak (now, part of InsuranceDekho)

Article 1
2023-03-28

InsuranceDekho acquired Verak for $150M on Apr 1st '23.

InsuranceDekho has acquired MSME-focused insurance company Verak.

dealstreetasia.com
Read News

Verak (now, part of InsuranceDekho) FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Verak (now, part of InsuranceDekho) including information about founders, CEO, funding history, investors, headquarters location, and company details. 19 frequently asked questions covering key information about the company.

Verak (now, part of InsuranceDekho) Questions & Answers - Company Information

Q1

What is Verak (now, part of InsuranceDekho)?

Verak was co-founded in October 2020 and focuses on providing insurance solutions tailored for MSMEs through a unique end-to-end WhatsApp based journey.

Q2

Who founded Verak (now, part of InsuranceDekho)?

Verak (now, part of InsuranceDekho) was founded by Vishrut B, Eashan B, Rahul Mathur, Abraz M, Kunal K.

Q3

Who is the CEO of Verak (now, part of InsuranceDekho)?

The CEO of Verak (now, part of InsuranceDekho) is Vishrut B.

Q4

How much funding has Verak (now, part of InsuranceDekho) raised?

Verak (now, part of InsuranceDekho) has raised a total of $$1.85 Million across 3 funding rounds. The most recent funding was completed on 2021-07-23.

Q5

Who are the investors in Verak (now, part of InsuranceDekho)?

Verak (now, part of InsuranceDekho)'s key investors include Lightspeed India Partners, Sequoia Capital India, Gemba Capital, Y Combinator, Titan Capital.

Q6

Where is Verak (now, part of InsuranceDekho) headquartered?

Verak (now, part of InsuranceDekho) is headquartered in Navi Mumbai, India.

Q7

When was Verak (now, part of InsuranceDekho) founded?

Verak (now, part of InsuranceDekho) was founded in 2020.

Q8

How many employees does Verak (now, part of InsuranceDekho) have?

Verak (now, part of InsuranceDekho) has 11-50 employees.

Q9

What is Verak (now, part of InsuranceDekho)'s official website?

You can visit Verak (now, part of InsuranceDekho)'s official website at https://verak.in/?utm_source=LinkedIn.

Q10

What was Verak (now, part of InsuranceDekho)'s latest funding round?

Verak (now, part of InsuranceDekho)'s latest funding round was a Pre seed round of $$545,000 completed on 2021-07-23.

Q11

Who is founder?

Vishrut B

Q12

Who is cto?

Kunal K

Q13

What does the company do?

Verak provides insurance solutions tailored for MSMEs.

Q14

How much funding?

$1.85 Million

Q15

Latest funding date?

2021-07-23

Q16

Who are the investors?

Lightspeed India Partners Sequoia Capital India Gemba Capital Y Combinator Titan Capital

Q17

What are the challenges?

Market competition Understanding local regulations

Q18

What are the opportunities?

Expansion into new regions Diversifying product offerings

Q19

Latest news?

InsuranceDekho has acquired MSME-focused insurance company Verak.

More Information About Verak (now, part of InsuranceDekho)

For additional details about Verak (now, part of InsuranceDekho), including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.