India’s the Policy Exchange raises funds in Pre-Series B round

Indian institution the Policy Exchange (TPE) has secured $1.5m (Rs133.04m) successful a Pre-Series B concern round, with VLS Finance, True Blue Holding and 1Crowd serving arsenic main backers.

The circular besides saw the engagement of assorted investors.

According to the company, the caller superior volition beryllium channelled towards upgrading its technological capabilities, scaling up operations and expanding nationalist consciousness arsenic it seeks to grow its beingness passim India.

Sumit Goel of Alps Financial Consultants and Amesh Bansal of Aspire AD Astra Advisors acted arsenic concern bankers for the transaction.

TPE CEO and co-founder Tarun Bahri said: "At the Policy Exchange, we are reimagining however radical presumption security and investments – not arsenic obligations but arsenic opportunities to unlock worth and liquidity.

"Our travel truthful acold has been astir turning ideas into impact. This backing validates our disciplined, customer-first attack and volition alteration america to standard faster, deepen our exertion stack and thrust the adjacent signifier of growth."

TPE stated that it has acceptable a people to safeguard 1 cardinal individuals implicit the adjacent 3 years by implementing a technology-led strategy intended to supply policyholders with liquidity, accessibility and transparency.

The institution is moving connected creating an intelligent level that enables policyholders to negociate and extract worth from their security policies portion maintaining coverage.

TPE highlighted that lapses successful policies owed to fiscal unit often permission families without extortion oregon returns connected their concern – an contented it aims to address.

With its squad possessing much than 75 years of combined acquisition crossed sectors including telecom, banking and insurance, TPE says it is utilizing manufacture cognition and integer frameworks to update the mode customers interact with their security products.

TPE noted that a absorption connected data-driven processes and customer-oriented plan enables the institution to found a chiseled relation wrong India’s evolving insurtech landscape.

TPE committee subordinate and manager Praveen Trivedi said: "The Policy Exchange is solving a existent and under-served occupation astatine scale. Their founders bring unmatched acquisition successful fiscal services and person built a credible concern that merges empathy with innovation.

“We are assured their differentiated exemplary volition make semipermanent worth successful India's rapidly evolving security landscape."

"India’s the Policy Exchange raises funds successful Pre-Series B round" was primitively created and published by Life Insurance International, a GlobalData owned brand.