receives funding led by Jang Capital

India-based personal insurance assistant has reportedly collected an undisclosed investment.

The funding round was led by Jang Capital, with contributions also coming from various angel investors, according to an article by VCCircle, which cites the company CEO. Following the investment, Jang Capital has acquired a minority stake in AskArvi parent company Haida Technologies, it said.

Askarvi, which is still in its Beta testing phase, is an insurance assistant which helps customers with buying insurance products. The platform helps connect users with companies with the correct people to buy products, and in the future the application will allow buying online.

The platform currently helps with health plans and travel plans.

This round of capital will be used to build its AI platform and acquire 1,000 consumers for travel and health insurance, the report said. The company is not expecting to fundraise for another 18 months.

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