When was Verak founded?

Verak was founded in 2020 and raised its 1st funding round within a year of its incorporation.

Where is Verak located?

Verak is headquartered in Navi Mumbai, India. It is registered at 164/1, MANICKTALA MAIN ROAD ROOM NO 7E, 7TH FLOOR, Kolkata, KOLKATA, West Bengal, India, 700054.

Who is the current CEO of Verak?

Harshvardhan Kombucha Chauhan of Verak. They have also founded 2 companies.

Which legal entities is Verak associated with?

Verak is associated with Engaged Insurtech Private Limited and 1 other.

How many employees does Verak have?

As of May 31, 2026, the latest employee count at Verak is 14.

Is Verak a funded company?

Verak is a funded company, having raised a total of $1.85M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2020.

When was the latest funding round of Verak?

Verak's latest funding was a $***** Seed round on 2021, with participation from 1 investor. Its primary sector is Insurance IT. Globally, the Insurance IT sector has seen $1.88B in funding in 2026 to date.

What is the annual revenue of Verak?

Annual revenue of Verak is less than ₹10 Cr as on Mar 31, 2023

Where does Verak rank among its competitors?

Verak ranks 36th amongst 82 active competitors, of which 20 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Xceedance, which secured an undisclosed amount in Oct, 2025.

Who are the top competitors of Verak?

Verak's top competitors include Guidewire, Arya.ai and Bravura Solutions. Among them, Xceedance secured the most recent funding round in October, 2025.

Verak - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of insurance brokerage services. It is an insurance brokerage service company that offers a wide range of insurance includes home, auto, health, business, travel & pet insurance services.

Website: verak.in
Social
Part Of
Registered Address: 164/1, MANICKTALA MAIN ROAD ROOM NO 7E, 7TH FLOOR, Kolkata, KOLKATA, West Bengal, India, 700054

Key Metrics

Founded Year

2020

Location

Navi Mumbai, India

Stage

Acqui-Hired

Total Funding

$1.85M in 4 rounds

Latest Funding Round

Seed, 2021, $*****

Investors

Gemba Capital & 7 more

Ranked

36^th among 82 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2023

Employee Count

14 as on May 31, 2026

Similar Companies

FintechOS & 658 more

View Verak's full profile

Verak is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Insure First Insurance Brokers Llp CIN: AAM-8363 , India, Active	Jun 19, 2018	0 - ₹10 Cr (As on Mar 31, 2024)	147 (As on Apr 30, 2025)
Engaged Insurtech Private Limited CIN: U74999MH2020PTC346361 , India, Under liquidation	Sep 19, 2020	0 - ₹10 Cr (As on Mar 31, 2023)	1 (As on May 31, 2023)

Verak has raised a total funding of $1.85M over 4 rounds. Its first funding round was on 2020. Its latest funding round was a Seed round on 2021 for $*****. 1 investor participated in its latest round. Verak has 8 institutional investors.

Here is the list of recent funding rounds of Verak:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2021	9471	Seed	9296	6750	2974	2595
Jun 23, 2021	8072677	Seed	7569854	5133692	9025988	1580809
2021	7766	Seed	8336	1906	Y Combinator	9082

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View details of Verak's funding rounds and investors

The founders of Verak are Anand VS Joshi, Rahul Mathur, Harshvardhan Kombucha Chauhan, Vishrut B, Eashan B, Kunal K and Abraz M. Harshvardhan Kombucha Chauhan is the CEO of Verak.

Here are the details of Verak's key team members:

Anand VS Joshi: Co-Founder & CMO of Verak and founder of 2 other companies, MountainTribe and GuruG. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 1 phone number
Rahul Mathur: Former Co-Founder of Verak. They are also an angel investor in 4 startups and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Harshvardhan Kombucha Chauhan: Co-Founder & CEO & CBO & MD of Verak and founder of 2 other companies, Mountain Tribe and MountainTribe. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Vishrut B: Co-Founder of Verak.
Eashan B: Co-Founder of Verak.

Verak's Board of Directors

Verak's board has 2 active members. Rahul Mathur is part of team and Pratap Padamshi Dundh is independent board member.

Here is the list of Verak's board of directors:

Name	Type	Representing	Status	Duration
Rahul Mathur	Team	-	Current	5y 8m
Pratap Padamshi Dundh	Independent board member	-	Current	5y 8m

View details of Verak's Founder profiles and Board Members

Verak's employee count trend

Verak has 14 employees as of May 26. Here is Verak's employee count trend over the years:

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Top competitors of Verak include Guidewire, Arya.ai and Bravura Solutions. Here is the list of Top 10 competitors of Verak, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Guidewire 2001, San Mateo (United States), Public	Cloud-based platform for property and casualty insurance	-	Battery Ventures, Sprout Capital Partners ... & 7 others	77/100
2nd	Arya.ai 2013, Mumbai (India), Acquired	Provider of AI-powered platforms and APIs for financial services	$2.19M	YourNest, DMI Sparkle Fund & 44 others	64/100
3rd	Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired	Software solutions for life insurance and wealth management	$28.4M	Ironbridge, Herald Investment Management	64/100
4th	Sapiens 1982, Holon (Israel), Acquired	Insurance policy administration and compliance solutions for the insurance industry	-	Andera Partners, Nir 4 You & 9 others	64/100
5th	Linedata 1998, Neuilly sur seine (France), Public	Provider of software, data, analytics, and related services for financial institutions	-	Ardian, XAnge & 4 others	63/100
6th	Riskcovry 2018, Mumbai (India), Series A	Provider of a platform for digital insurance distribution and management	$14.4M	Morphosis Venture Capital, 360 One & 37 others	62/100
7th	Applied 1983, University Park (United States), Acquired	Provider of a cloud-based software suite for P&C insurers, MGA and agents	-	CapitalG, Stone Point Capital & 4 others	62/100
8th	Mintpro 2017, Mumbai (India), Unfunded	Insurance agency management software	-	-	62/100
9th	Xceedance 2013, Boston (United States), Seed	Provider of consulting, analytics and data sciences for insurance industry	-	Performance Equity Management, Sagard & 1 others	59/100
10th	Instanda 2015, London (United Kingdom), Series B	SaaS-based software suite for the insurance industry	$71.7M	Assembly Capital Partners, Dale Ventures ... & 19 others	58/100
36th	Verak 2020, Navi Mumbai (India), Acqui-Hired	Provider of insurance brokerage services	$1.85M	Peak XV Partners, Y Combinator & 6 others	41/100