India Deal Monitor: Toffee Insurance raises $5.5m and more updates

Online insurance platform Toffee Insurance has raised $5.5 million in its Series A round of funding led by IVM Intersurer, along with participation from Omidyar Network, Flourish Ventures, Accion Venture Lab, and Kalaari Capital.

Founded by Nishant Jain and Rohan Kumar in December 2017, Toffee Insurance plans to use the funding proceeds to expand data and product, improve merchant and customer experience, and lateral distribution, it said in a statement.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter