CoverForce, Inc.
https://cover-force.comAbout
About the company:
CoverForce is a high growth InsurTech startup. We have two goals:
- Build a PolicyBazaar style website to be used by insurance agents in the US for business insurance. Agents will be able to get quotes, compare them, bind them (convert to policy) and pay for them. Currently no website exists with Quote/Bind/Pay. Few exists but they are quote only. Our unique proposition enabled insurance companies to grant us Bind access. Can delve deeper into why and how too.
- Convert the API powering our website into a Public facing API. This will enable corporates like Walmart, Gusto (payroll software), Lyft etc to start selling insurance to their customer base easily. We already have inbound requests from Walmart and Lyft. Think of Plaid for business insurance. This will also enable other agency management systems to build a quote/bind/pay feature into their software.
At the end of the day we want to be the centralized pipe to access all business insurance across multiple carriers. Whether that is through our website or API directly we don’t care. Just that we are the centralized pipes. Similar to Plaid for banking.
Some Highlights:
We have access to 5 of the top 10 insurance carriers in the US. This is something no other company has.
We recently raised a $5m seed round at a $27m valuation. Our investors include NYCA Partners, QED, a Google Gradient partner, Sr mgmt from Uber and the co-founder of Plaid (William Hockey)
Who we are:
Cyrus Karai (https://www.linkedin.com/in/cyrus-karai/) - Ex-Wharton, Ex-Investment Banker, Ex-PWC. He used to audit insurance companies and has family that has insurance agencies. He has very rich experience in insurance and financial companies.
Behram Dinshaw (https://www.linkedin.com/in/behram-m-dinshaw-77760b6/) - Our advisor and chairman of the Board. He has 30+ years experience in Commercial insurance. He was the head of Travelers (2nd largest carrier) for 10 years for their Small and medium commercial insurance. He is a recognized name in the commercial insurance industry.
Kaivan Wadia (https://www.linkedin.com/in/kaivanwadia/) - Worked at 2 video gaming startups (1 was bought by Riot games) before joining Amazon for the last 5 years. At Amazon, Kaivan built out the Advertising localization team that automatically localizes text and video across multiple languages. They have a patent pending for the PathOptimizer they built. He was the founding engineer and then became manager while growing the team to from 2 to 12 along with a separate science team.
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We are an InsurTech start-up based out of Bangalore, with a focus on Healthcare. CoverSelf empowers healthcare insurance companies with a truly NEXT-GEN cloud-native, holistic & customizable platform preventing and adapting to the ever-evolving claims & payment inaccuracies. Reduce complexity and administrative costs with a unified healthcare dedicated platform.
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About Us:
At OneCode, we are redefining the way India earns. We are bringing fintech to the untapped Bharat of 500 million online users. We are building the largest network of trusted agents via a platform that connects consumers to financial brands with the power of technology. Alongside providing a source of income to the largest unemployed sector.
Challenges:
- Lack of awareness - Consumers are unaware of the best financial solutions in the market.
- No proper medium - Fintech brands find it difficult to reach out to the right consumers in tier 2,3 & 4 cities.
- Trust deficit - Unlike an urban user, consumers from rural areas lack trust in modern fintech services & products
The rise of OneCode
- April 2019, Founded by Manish Shara & Yash Desai
- August, 2020, Raised Seed Funding led by Waterbridge Ventures
- July 2021, Raised $5 M led by Sequoia’s Surge, Nexus Venture Partners & renowned Angel investors.
- March 2022, Raised $13M in Series A round led by General Catalyst & renowned Angel investors.
Investors who trust our mission
- Kunal Shah - Co Founder, CRED
- Kalyan Krishnamurthy- CEO Flipkart
- Harshil Mathur - Co Founder, Razorpay
- Vidit Aatrey - Founder & CEO, Meesho
- Sujeet Kumar - Co Founder, Udaan
- Lalit Keshre - CEO, GROWW
- Gaurav Munjal - Co-founder & CEO, Unacademy
- Aakrit Vaish - Co-founder & CEO, Haptik
- Jitendra Gupta - Founder, Jupiter
- Amrish Rau - CEO PineLabs
- Gokul Rajaram - Product & Business, Doordash
Why OneCode
- High-end Technology
- Make in India
- Accelerated Growth
- Build for next Billion users
- Fast pace & Innovation
- Opportunity to Strive
Culture:
- Flat hierarchy
- Flexible working hours
- Open leave policy
- Peer group
Perks:
- Insurance
- Game Club
- Jamborees
- Wellness
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InsuranceKaralo.com is an online insurance platform founded by Gaurav Dhami, who has a rich background in sales and marketing. The company aims to provide customers with the best-suited insurance plans tailored to their individual needs. The platform is designed to simplify the process of purchasing insurance, making it more accessible and convenient for customers across India.
Founder: Gaurav Dhami
Gaurav Dhami completed his schooling at Army Public School and went on to earn a Master’s in Business Administration from Subharti University. With over 7 years of extensive experience in the sales and marketing field, Gaurav has worked with leading organizations such as Club Mahindra, American Express (Amex), HDFC Life, PNB MetLife, IndiaMART, and Bhutani Group.
This vast exposure to major industries gave him a deep understanding of market dynamics and consumer needs. Recognizing a gap in the insurance market, Gaurav decided to launch an online channel where clients could find the most appropriate insurance plans that cater to their specific requirements.
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