/viestories/media/post_attachments/wp-content/uploads/2024/08/Insurtech-Startup-InsurancePadosi-Secures-500K-in-a-pre-Seed-Funding-Round.webp "publive-image")
Antler, a global early-stage venture capital firm, has led a pre-seed funding round for Indian insurtech startup InsurancePadosi, which has raised $500,000 (or approximately Rs 4.19 crore).
The startup intends to utilize the capital raised to fortify its technology infrastructure, broaden its product line, and improve its sales and marketing initiatives.
Hemant Kaul, former CEO and MD of Bajaj Allianz, and Satish Pillai, former CEO and MD of TransUnion CIBIL, were among the prominent industry figures who participated in the round.
The Indian insurance market, which is valued at over $20 billion in total premiums and sells 50 million new policies annually, is under-penetrated, with a penetration rate of less than 4% of GDP.
Read also -Servify Secures $10 Mn Debt Funding Round
The startup aims to bridge this divide by providing customers with a transparent and seamless experience that enables them to make well-informed decisions regarding their insurance requirements.
InsurancePadosi provides the Insurance Health Report (IHR), an AI-driven utility that enables users to make informed decisions by offering a personalized, unbiased analysis of their insurance needs.
About InsurancePadosi
Founded in 2023 by Vaibhav Kathju, Abhay Singh, and Gaurav Gupta, InsurancePadosi endeavors to streamline the insurance purchasing process for consumers.
/viestories/media/media_files/2025/08/07/gift_ads_01-2025-08-07-16-54-28.jpg)
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
