Bharatsure, a rising Insurtech startup focused on Infrastructure as a Service (IaaS), has successfully secured Rs 6 crore in funding. This round was led by Inflection Point Ventures (IPV), a Gurugram-based investment firm. Additionally, the funding included contributions from other investors such as Capital A and Atrium Angels.
Bharatsure is looking to enhance the insurance landscape by providing a suite of IaaS solutions. Their offerings aim to streamline and improve the operational efficiency of insurance providers. This funding will likely help the company expand its platform capabilities and market reach, making their solutions more accessible to insurers.
In conjunction with this funding announcement, Bharatsure has also forged a partnership with Battery Smart. While details about the partnership are still emerging, this collaboration could amplify Bharatsure's service offerings and help solidify its position in the industry.
The infusion of Rs 6 crore signifies a strong vote of confidence in Bharatsure’s business model from several key investors. For the insurance industry, the development is noteworthy as it reflects growing investor interest in Insurtech solutions. This funding can lead to innovation in traditional insurance processes, benefiting insurers and their clients alike.
As Bharatsure moves forward with its IaaS offerings and partnerships, it will be important to watch how it impacts the broader Insurtech ecosystem. The financial backing provides a solid foundation for growth and innovation in the industry.
Original Source: https://indianstartupnews.com/funding/insurtech-startup-bharatsure-raises-rs-6-crore-in-funding-partners-with-battery-smart-9530201