[Funding alert] Insurtech startup Riskcovry raises $5M in Series A led by Omidyar Network India Riskcovry said the funding raised will be invested across all major functions - tech, product, partnerships, data sciences, and growth. 0 claps Riskcovry, a Mumbai-based insurtech startup that offers a technology platform for the distribution of insurance products, has announced raising $5 million in Series A funding led by Omidyar Network India (ONI). Varanium Capital, and Better Capital also participated in the round. Other new participating investors in the round included the Pune-based emerging technology-focused VC fund Pentathlon Ventures and Delhi-based DMI Sparkle Fund, which invests in fintech ventures.