Venture Catalysts partially exits Insurance Samadhan with returns up to 3.65x

Indian early-stage venture capital firm Venture Catalysts today announced a partial exit from Insurance Samadhan with up to 3.65x returns on its initial investment in the startup. Apart from Venture Catalysts, other angel investors also exited with a 3X return.

What does Insurance Samadhan do?

Established in August 2018, Insurance Samadhan is a tech-based platform for the resolution of insurance complaints like claim rejection, delay, short-settlement and mis-selling of insurance policies. 

The founding team, which has over a century of combined experience in the insurance industry, aims to revolutionize the way mis-selling and claim settlements are handled.

When did Venture Catalysts invest in Insurance Samadhan?

Venture Catalysts had invested in Insurance Samadhan early in a Seed and pre-Series A round of funding and has attained a successful partial exit within less than 3 years.

Dr. Apoorva Ranjan Sharma, Founder & MD of Venture Catalysts, said, “A unique platform that is dedicated to providing the highest level of convenience to customers and policyholders, Insurance Samadhan has displayed remarkable growth and is set to revolutionize the insurance industry. The exit opportunity goes a long way in establishing confidence within the entrepreneurial ecosystem, and encourages investors to bolster promising startups further.”

Deepak Bhuvneshwar Uniyal, Co-founder & CEO of Insurance Samadhan, said, "Insurance Samadhan stands as India's most trusted platform for resolving insurance grievances. We extend our heartfelt gratitude to Venture Catalysts for their early-stage trust in us. Your faith and confidence propelled us to scale greater summits."

How much funding has Insurance Samadhan raised so far?

Insurance Samadhan has raised $2 million in a Series A funding round led by IIFL. It's also been certified as an eligible business under section 80IAC. The startup claims that its revenue has grown by 100% year-on-year

How much do Venture Catalysts typically invest?

Venture Catalysts is an Indian integrated incubator. It typically invests $250,000 – $2 million in early-stage startups. Founded in 2016 by Dr Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain and Gaurav Jain, Venture Catalysts has invested in over 300+ startups since inception.

The cumulative valuation of the startups invested by Venture Catalysts is $10 billion+. The firm claims to have a presence across 55 cities in 9 countries and is one of the most active early-stage investors globally.

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