Bengaluru’s Fedo Bags $1 Mn In Pre-Series A Round Led By Unicorn India Ventures

The startup will utilize the fresh capital in launching its image-based underwriting platform this year which would enable insurance on boarding in less than 60 seconds

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Bengaluru-based Fedo, an insurtech startup, on Tuesday raised $1 million in a pre-Series A round from Unicorn India Ventures. The round also saw participation from SEA fund along with Ashish Mehrotra.

The startup will utilize the fresh capital in launching its image-based underwriting platform this year which would enable insurance on boarding in less than 60 seconds. It is also working with a global player to dynamically price retail and group premiums and also plans to launch its operations in southeast Asia and Australia this year.

Founded in 2017 by Prasanth Madavana and Arun

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