CoverSure, a tech startup dedicated to consumer insurance, has secured $4 million in a pre-series A funding round, led by Enam Holdings, an investor in both private and public markets. Established in January 2023 by Saurabh Vijayvergia, Mayank Mishra, Rohan Gaikwad, Prakash Dubey, and Harshit Jain, CoverSure focuses on automating insurance policy management.
It offers users insights into coverage benefits and gaps, assists with renewals, claims, and more. The company operates in health, life, motor, and travel insurance sectors, utilizing data intelligence and machine learning to enhance its services. CoverSure intends to allocate the $4 million raised towards the development of a user-focused insurance engagement platform. Leveraging data intelligence and machine learning, the platform aims to revolutionize the insurance experience. This funding will also facilitate the startup’s expansion throughout India. As outlined in a press release, the platform will concentrate on tailored risk management, efficient policy administration, and family care, providing users with a seamless navigation through their insurance requirements.