The Gurugram-based startup will utilise the funds to bolster its proprietary AI-driven software, improve digital claims management, and expand its footprint across insurance companies in India.
Finvolve also announced the launch of two new funds, pre-seed Accelerator Fund and Scale Fund, including a GIFT city, with an investment capacity of around INR 500 crore to widen its investment spectrum: Accelerator, Seed, and Scale.