Riskcovry
PrivateLast Round
Debt
Jan 8, 2024
Total Funding Raised
$10.7M
Momentum Score
25 /100
Company Overview
Riskcovry is an Indian insurtech company founded in 2018, operating under the legal name UMBO IDTech Private Limited. The company provides a B2B 'insurance-in-a-box' platform that enables businesses to digitally distribute and manage insurance products. Its infrastructure-as-a-service model offers a unified API pre-integrated with dozens of insurers and numerous products, covering the entire lifecycle from purchase to claims. Riskcovry aims to simplify and democratize insurance distribution, making it as ubiquitous as digital payments. The company is venture-backed, having raised significant funding in multiple rounds, and is headquartered in Mumbai, India.
Sector
FinTech
Verticals
InsurTech, API Management, Platform-as-a-Service, Compliance & Risk
Business Model
B2B2C
Customer Profile
Payment Processing Fee, Subscription SaaS, Usage-Based SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Riskcovry Comps
Public and private peers based on sector, stage, and business model.
Riskcovry Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Debt | Jan 8, 2024 | ||||
| Series A | Mar 9, 2021 | ||||
| Seed | May 21, 2020 |
Riskcovry Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Varanium Capital | Seed, Series A |
| Pentathlon Ventures | Series A |
| India Infoline | Debt |
| Bharat Inclusion Initiative | Seed, Series A |
| The Sparkle Fund | Series A |
| Morphosis Venture Capital | Debt |
| Better Capital | Seed, Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Mar 1, 2026
Received 'Insurtech of the Year' and 'Best AI Innovation' awards.
- Nov 8, 2025
Added Jofin Technologies Private Limited, a startup in Fintech/Insurtech.
Riskcovry Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Riskcovry's valuation, stock price, and market status.
