Jaipur-based insurtech startup Square Insurance has secured $3 million in funding to advance its AI-driven insurance platform. The investment will be allocated to developing a robust technology stack for cattle insurance and creating tailored micro-insurance products designed for rural areas.
Founded in 2017, Square Insurance offers both life and general insurance services across 20 states in India. The company operates through a network of over 25,000 channel partners and employs more than 350 people. This latest round of funding will enable Square Insurance to expand its product offerings and explore new market opportunities.
The company’s focus on rural regions underscores the need for accessible insurance solutions in areas where protection is critical. The new capital will support the development of innovative insurance solutions and strengthen the company’s presence in underserved markets.
