Equity investment in UmboID Tech Private Limited (Riskcovry)

J. Sagar Associates (“JSA”) advised and assisted UmboID Tech Private Limited (UmboID Tech) and its promoters in connection with its pre-series A round of equity funding from Bharat Inclusive Technologies Seed Holdings Limited, Varanium Nexgen Trust and AL Trust acting through its trustee Vistra ITCL (India).

UmboID under the brand name Riskcovry, is an insurtech platform that develops solutions that enable insurance distribution, risk, policy, and claims management.

JSA team comprised Partner – Probir Roy Chowdhury; Senior Associate – Yajas Setlur and Associate – Kavya Katherine Thayil.

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J. Sagar Associates

Guest Author J. Sagar Associates is law firm with 25 years of practice in the industry. They have come a long way from a solo practice started in November 1991 to a 300-member strong team spanning seven offices in eight states, today, led by Mr. Amit Kapur and Mr. Vivek Chandy as Joint Managing Partners. An outlier through much of the journey, JSA has penned some trail-blazing work – participation in the formation of the GIFT City in Gujarat, partnering with SEBI, championing the thought of Open door policy vs One Window Policy, contribution to the National Infrastructure Council and Energy Committee – under its letterhead to develop ideas and framework fueling economic growth of the country, Formulated the legal framework for IRB InvIT’s, advisors to Snapdeal in the Snapdeal-Flipkart case.

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