Venture Catalysts Takes Partial Exit From Insurance Samadhan

Venture Catalysts announced a partial exit from its portfolio company, Insurance Samadhan, a platform dedicated to resolving insurance complaints, on Thursday. The firm has exited, achieving a return of up to 3.65 times on its initial investment in the company. Other angel investors have also made an exit, realising remarkable three times returns.

Insurance Samadhan operates as a tech-based platform for the resolution of insurance complaints, addressing issues such as claim rejection, delays, short settlements, and mis-selling of insurance policies. The founding team focuses on improving the handling of mis-selling and claim settlements.

Venture Catalysts had initially invested in Insurance Samadhan during an early seed and pre-Series round of funding, successfully securing a partial exit within less than three years.

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

The company successfully raised USD 2 million in a Series A round, led by India Infoline Finance (IIFL). Additionally, Insurance Samadhan has been certified as an eligible business under section 80IAC. The company's revenue has impressively grown by 100 per cent year on year.

Deepak Bhuvneshwar Uniyal, Co-founder & CEO of Insurance Samadhan, expressed gratitude to Venture Catalysts for their early-stage trust, stating, "Your faith and confidence propelled us to scale greater summits. There is no greater satisfaction for a founder than offering a commendable exit to their investors. We remain committed to seeking your valuable guidance and support in our journey ahead.”