[Funding alert] Insuretech startup Finsall raises Rs 2.4 crore in seed round from Unicorn India Ventures, others
Summary
Finsall, a Bengaluru-based insurtech startup, on Tuesday said it has raised Rs 2.4 crore in a seed round from Unicorn India Ventures. The investment round saw participation from SEA Fund and other angel investors, including Karthik Sridhar and Tirumala Gudla. The insurtech startup plans to use this fresh round of funding to expand its operations in India from its current presence in major metros into Tier I cities and beyond. Anil Joshi, Managing Partner, Unicorn India Ventures, said, “Finsall’s business idea is really first-of-its-kind. While they understand the product, we have been guiding them on the business and revenue generation.” Finsall aims to provide access to funding for any customer who wants to purchase any type of general insurance policy.