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Antler leads $500K round in InsurancePadosi

EntrackrEntrackr · 1y ago
Antler leads $500K round in InsurancePadosi
Medial

Insurtech platform InsurancePadosi has raised $500K in a pre-seed funding round led by Antler along with participation of Hemant Kaul and Satish Pillai. The proceeds will be allocated towards strengthening its technology platform, expanding its product offerings, and enhancing sales and marketing efforts, InsurancePadosi said in a press release. According to market research, the Indian insurance market is over $20 billion in gross premiums and 50 million new policies sold annually. Co-founded in 2023 by Vaibhav Kathju, Abhay Singh, and Gaurav Gupta, InsurancePadosi aims to bridge the gap between customers and the right insurance policies, making the buying process seamless and transparent. The platform offers insurance health report (IHR), an AI-driven tool that provides personalized insurance recommendations in just 60 seconds. According to the Jodhpur-based company, it aspires to venture into underwriting and claims management, thereby providing a comprehensive, end-to-end customer experience. InsurancePadosi claims that it has provided valuable insights to over 5,000 users through the IHR and intends to educate more than 200,000 individuals about their insurance needs, free of charge, within the next 12 months. Other notable players in this space are Acko, Policybazaar, Digit Insurance, RenewBuy, Riskcovry and others.

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Wyzard.ai raises $500K in angel round

EntrackrEntrackr · 2m ago
Wyzard.ai raises $500K in angel round
Medial

Wyzard.ai raises $500K in angel round Wyzard.ai has raised $500,000 in an angel round from industry executives and technology leaders. The round saw participation from Tim Davis (OLX Group), Ambarish Kenghe (Angel One), Bhuvan Gupta (OfBusiness, Oxyzo), Rajul Jain (Increff), Manav Kamboj (PropertyGuru), Andrew Garrihy (ex-Samsung, Vodafone, Qualcomm, Huawei, DiDi), Puja Kapoor (Hero FinCorp), and other angel investors. This is the firm's first external funding after operating in a bootstrapped model. The funds will be used for product development, GTM partnerships, team expansion, and go-to-market growth in the US and EMEA. Founded in 2024 by Rahul Jain, Megha Ohri, Abhishek Tomar, and Jayesh Nair, Wyzard.ai provides a Signal-to-Revenue AI platform for B2B go-to-market teams. The platform consolidates buyer intent signals from GTM systems and automates AI-driven, human-supervised engagement across email, chat, LinkedIn, and voice. It is designed to help sales and marketing teams respond to buyer intent in real-time. Wyzard.ai targets B2B companies looking to reduce delays and manual follow-ups in lead conversion. The product aims to minimize lead leakage, increase conversions, and shorten the sales cycle through always-on GTM orchestration. The company plans to build partnerships with CRM, marketing automation, sales engagement, and data-intelligence platforms to strengthen integrations and expand global reach.

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