Venture Catalysts Invests $1M In Kolkata Based Ideal Insurance

Venture Catalysts Invests $1M In Kolkata Based Ideal Insurance

VentureCatalysts, KolkataStartups, Ideal Insurance, IRDA Approved Insurance Provider, Samyakth Finserv, Nandan Steel, Maithan group, Primarc, Atha group

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India’s first and largest integrated incubator, Venture Catalysts, invested a sum of $1 million as a Seed funding in Kolkata based Ideal Insurance Brokers Pvt. Ltd.

Other investors including the likes of Nitesh Prakash of Ola, Atul Jain of Samyakth Finserv and promoters of Nandan Steel, Maithan group, Primarc, Atha group etc, also participated in this round of funding.

Venture Catalysts Invests $1M In Kolkata Based Ideal Insurance
Venture Catalysts Invests $1M In Kolkata Based Ideal Insurance

The raised capital will be used primarily for building a strong infrastructural support for the operations and back-end team as well as for marketing purposes.

Ideal Insurance is an insurance based risk solution provider offering an entire range of insurance products in diverse domains of heath, life, fire, marine, infrastructure, credit, etc.

Mr. Rahul Agarwal founded this startup and envisioned Ideal Insurance as a pioneer in delivering niche and customized insurance services to its clients.

As an IRDA licensed consultant, Ideal Insurance is able to deal with all the insurance companies of India-Public or private, life or general thus making it a highly diversified insurance portfolio for its clients to help them reap optimum benefits at the best rate and coverage.

Zoom Cars, Mercedes Dealership – Pune, Kotak Bank, Wadhwa Builders – Mumbai, Meru Cabs, GR Infrastructure, South City Group, Sharachi Group, Chetak Infra, Keventer Agro, Bazaar Kolkata, Trident Hotels, Indian School of Business, Inmobi, etc. are some of the clients to whom Ideal Insurance is serving.

On this investment, Dr. Apoorv Ranjan Sharma, Co-Founder and President, Venture Catalysts said, “Ideal Insurance has been in operations for over a decade now and it has established a name for itself as a provider of efficient and customized insurance solutions, particularly in specialized industrial areas.”

One of the principal investors in the round, Atul Jain from Samyakth Finserv said, “Ideal Insurance’s strong market share and its long list of notable clients underlines the demand and efficiency of its insurance offerings.”

Please refer our Funding archive for the articles related to same.

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