EasyPolicy is an online platform which enables users to compare policies
Bengaluru – Nov 03, 2016. RedNewswire/-
Noida-based EasyPolicy is an online platform that allows users to enter the details of their insurance requirement and get instant quotes. It is an initiative of Sonnen Insurance Broking Services. It has secured an undisclosed fresh funding in series B funding round from Unilazer Ventures, the private investment firm set up by Ronnie Screwvala, and Burman Family Office.
The fresh funding will be used to to establish and strengthen its distribution system across tier-II and tier-III cities in the country. It will also use the portion of the fund to launch products such as two-wheeler insurance and customised small-ticket health insurance plans.
The company was founded in 2011 and aims to make insurance simple and easy for users. The company sells different types of insurance online including car insurance, health insurance, travel insurance and life insurance, among others. It earns commission on the policies sold
Ronnie Screwvala, who leads Unilazer Ventures, said ..
Yes, Unilazer is supportive of the next round, and will participate. As also, (it) may lead a bridge round pre this upcoming round, so as to ensure the pace at which EasyPolicy is growing and its initiatives does not slow down.
EasyPolicy has earlier raised $2.2M in Series A funding round from Unilazer Ventures in January 2016.