InsuranceDekho acquires SME insurance distribution firm Verak

InsuranceDekho will be onboarding the Verak team, including Founder Rahul Mathur

by exchange4media Staff
Published: Apr 5, 2023 9:55 AM | 1 min read

InsuranceDekho has 'acquihired' Verak, a Mumbai-based SME insurance distribution firm.

Verak, backed by Sequoia and LightSpeed, 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 will be onboarding the Verak team, including the founder Rahul Mathur.

Rahul has cross continental insurance exposure having worked at Laka Insurance and Accenture in UK before embarking on his entrepreneurial journey back in India.
Ankit Agrawal, Co-founder and CEO of InsuranceDekho said, "We are excited to welcome the Verak team to the InsuranceDekho family. Their expertise in SME insurance will complement our deep distribution network in Bharat and our industry-best tech stack. This strategic move will enable us to consolidate our position in the SME insurance vertical and enhance our product offerings."

Rahul Mathur, Founder of Verak, added, "We are thrilled to join InsuranceDekho. Our team has worked hard to build a strong brand in the SME insurance space, and we are confident that our combined efforts will take our offerings to the next level. InsuranceDekho's deep relationships with insurers and strong infrastructure will help us resolve the challenges that we faced during our formative years, such as commanding higher commissions from insurers, getting the right talent to hire, and API-based insurer integration."