08
Apr
InsuranceDekho, India’s leading Insurtech, has acquihired Verak, a Mumbai-based SME insurance distribution firm. Verak, backed by Sequoia and Light Speed, has become a formidable name in the Indian SME insurance landscape in just 13 months of operations. This will strengthen InsuranceDekho's SME insurance vertical and expand its offerings in the micro-business insurance space. InsuranceDekho is on boarding the Verak team, including the founder Rahul Mathur, to tap into the untapped micro-business insurance space. Verak has has made deep inroads into the space, bringing thousands of small shopkeepers under the insurance umbrella and registering 30% MoM premium growth every month. Rahul…
