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Toffee Insurance, a digital first insurtech startup, has secured series A funding of $ 5.5 million. Toffee Insurance, India's first digital-only insurance platform for millennials, on Tuesday announced receiving funds worth USD 1.5 million in a round of seed funding led by Kalaari Capital, Omidyar Network and Accion Venture Lab.To focus on product We work only with the most awesome people. Toffee Insurance's main competitors include KindHealth, Proformex, Descartes Underwriting and InvestSure. Gurugram, Haryana Toffee Insurance has 59 employees at their 1 location and $7.10 m in total funding,. In India, with its vast size and mostly uninsured and under-insured population, the insurance penetration is at a single digit percentage. Toffee Insurance is funded by 6 investors. Toffee Insurance , India’s first digital-only insurance platform for millennials has raised $1.5 million in seed funding led by Kalaari Capital, Omidyar Network and Accion Venture Lab. Existing investors Omidyar Network, Accion Venture Lab and Kalaari Capital also participated in the funding round, said Toffee Insurance in a statement. As global fintech investors, this flexible model created by Toffee Insurance is one we want to amplify and replicate in other markets to help solve the global financial health crisis.”. The Gurugram-based startup focused on millennials will use the capital infusion in product development as well as swelling its team size. 3 results Statistics . Toffee Insurance provides accessible and affordable insurance policies contextual to the user's lifestyle. Toffee Insurance has raised a total of $7.1M in funding over 3 rounds. Toffee Insurance, an online insurance platform, operated by Gurugram-based Toffcover Core Technologies, has raised $5.5 million in a Series A round, led by IVM Intersurer. Sector 50 Save Search . Toffee plans to use the funds to focus on product development and expanding its team. VC firm Flourish Ventures also participated in the round. BENGALURU: Digital-only insurance startup, Toffee Insurance, said it has raised $1.5 million in a seed funding round, led by Kalaari Capital, Omidyar Network and Accion Venture Lab. $5,500,000 The Gurugram-based startup raised $1.5 million in its seed funding round last year, led by Kalaari Capital, Omidyar Network, and Accion Venture Lab. E.g. About Toffee Insurance. The experience with Toffee was excellent, the claim amount was credited in my account within 7 - 8 working days. Toffee Insurance, which is an online insurance platform, has now secured $5.5 million in the funding round of Series A led by the IVM Intersurer and saw the participation from the Flourish Ventures, Accion Venture Labs, Kalaari Capital and Omidyar Network. Toffee Insurance was founded in 2017. Toffee Insurance . Their latest funding was raised on May 29, 2018 from a Seed round. Add Funding Rounds filter . Toffee is an insurance technology company offering bite-sized insurance for everyday moments. Existing investors Omidyar Network, Accion Venture Lab and Kalaari Capital also participated in the funding round, said Toffee Insurance in a statement. Toffee plans to use the funds to focus on product development and expanding its team. When was Toffee Insurance founded? Toffee Insurance is funded by 4 investors. Funding Detail: Toffee Insurance has raised a total of $1.6M in funding over 2 rounds. The Gurugram-based startup raised $1.5 million in its seed funding round last year, led by Kalaari Capital, Omidyar Network, and Accion Venture Lab. The service which I received was superb, I did not have to do any follow-ups. Digital insurance platform Toffee has raised $1.5 million (around Rs 10 crore) in seed funding led by venture capital firm Kalaari Capital, impact investors Omidyar Network and Accion Venture Lab, a company statement said. List of Toffee Insurance 's 3 Funding Rounds from 6 Investors. 3. Find related and similar companies as well as employees by title and much more. Toffee Insurance is an all-digital, insurance technology company, offering bite-sized insurance for everyday moments. In an interaction with Moneycontrol, Rohan Kumar, CEO and co-founder of Toffee Insurance said the first round of funds was proof of … Explore Companies Investors Top 50 Streams Trending tech news Latest investments Latest acquisitions ... Funding 2 Add info Add round 18 Dec 2019. Get notified when Toffee Insurance posts new jobs. 3. Other fund raisings in Finance, in India. Funding Detail: Toffee Insurance has raised a total of $1.6M in funding over 2 rounds. Process was really smooth, from buying to claims. Toffee Insurance, founded in 2017 by Nishant Jain and Rohan Kumar, differentiate itself by offering unique insurance policies in a digital-only format. Founded in 2017, Toffee Insurance was started by Nishant Jain and Rohan Kumar. Toffee Insurance's main competitors include KindHealth, Proformex, Descartes Underwriting and InvestSure. The Digital Insurer is committed to working together to accelerate the digital transformation of insurance. It plans to use the latest funds to expand and leverage three areas—data and product, merchant and customer experience, and lateral distribution—said the company in a statement. Golf Course Extension Road, Rohan Kumar, CEO and Co-founder, Toffee Insurance, said, Anuradha Ramachandran, Investments Director at Flourish, said, “Toffee Insurance has created a completely new approach to helping people navigate financial shocks and create safety nets by really unbundling policies to cover those risks that most Indian consumers are worried about. 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