New Delhi: Insurtech startup Onsurity on Monday said it has raised $24 million in its Series B funding led by the International Finance Corporation (IFC). Additionally, existing investors Nexus Venture Partners and Quona Capital also participated in the round. The startup said it will utilise the funds to work with its insurance partners to facilitate a smooth claims experience for its members by co-creating a technology solution to drive a seamless and transparent journey. Bengaluru-based Onsurity aims to serve 50,000 businesses and 5 million lives by 2026. A portion of the new funding will also be allocated towards the company’s efforts to charting its path to profitability. “With the str
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