- InsuranceDekho acquihires Verak, a Mumbai-based SME insurance distribution firm.
- This will strengthen InsuranceDekho’s SME insurance vertical and expand its offerings in the micro-business insurance space.
- Verak, which is backed by Sequoia and LightSpeed, will be consolidated with InsuranceDekho’s team, including the founder of Verak, Rahul Mathur.
- Mathur’s previous company, BimaPe, had shut down its operations.
