Get All Access for $5/mo

MetaMorphoSys Raises INR 23 Crore In Seed Funding The fund raised will be used to further innovate the SaaS based digital insurance platform, expand the product and sales team to other geographies and invest in out of box legacy integrations

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

MetaMorphoSys, an insurtech startup, has raised INR 23 crore in a Seed funding round led by Capital2B. The round also saw participation from angel investors such as Pavitar Singh and Dhruv Dhanraj Behl. The fund raised will be used to further innovate the SaaS based digital insurance platform, expand the product and sales team to other geographies and invest in out of box legacy integrations.

"The insurance industry is accelerating investments in digital platforms. We are thrilled by the trust instilled in us by our customers and investors as we continue our journey to streamline the insurance ecosystem. Leading insurance companies across the globe are using MetaMorphoSys to launch innovative products, empower sales and much more," said Amit Naik, CEO and co-founder of MetaMorphoSys Technologies.

Founded in 2016 by Amit Naik and Kewal Vargante, MetaMorphoSys provides global insurance industry with an innovative B2B SaaS insurance platform. Its core team has expertise unparalleled in the industry which helps them create customer centric products.

"MetaMorphoSys digital insurance platform has been architected to handle multi-line insurance products across geographies including retail and group business with out of the box connectors to legacy and SaaS platforms," said Kewal Vargante, CTO and co-founder, MetaMorphoSys.

MetaMorphoSys digital insurance platform has pre-configured benefits, coverages, rules, vocabularies to ensure that insurance companies can launch innovative products in days across motor, travel, property, home, life and health line of business.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Process

How CEOs Can Take Control of Their Emails and Achieve Inbox Zero

Although there are many methodologies that leaders can use to manage their emails effectively, a consistent and thought-through process is the most effective way to systemize and respond to emails and is a step of stewardship for the effective leader.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

Why Businesses Are Relying on Automation to Survive the Labor Crisis

Robots are revolutionizing industries by addressing labor shortages and enhancing efficiency, while businesses navigate challenges like workforce adaptation and high implementation costs.