InRisk Labs Raises $27 Million Series A Led by Bessemer and Northpoint Capital, Secures Landmark GIFT City Reinsurance Licence.
What is the news?
InRisk Labs, a technology-driven risk intelligence and reinsurance platform, has announced a major $27 million Series A funding round co-led by Bessemer Venture Partners and Northpoint Capital. Founded by industry veterans Malay Kumar Poddar, Siddesh Ramasubramanian, ShivaKhumar R S, and Aavrit Singhal, the company leverages advanced geospatial data, satellite analytics, and artificial intelligence to revolutionize climate risk modelling, underwriting, and parametric insurance solutions.
Why is it interesting?
Coinciding with the funding, InRisk Labs achieved a landmark regulatory milestone: its subsidiary, EarthRe Insurance IFSC Limited, was granted a reinsurance licence by the International Financial Services Centres Authority (IFSCA). This makes EarthRe the very first incorporated reinsurer to operate out of the IFSC at GIFT City in Gujarat. While InRisk Labs will continue building state-of-the-art tech and data infrastructure, EarthRe will underwrite non-life reinsurance policies across natural catastrophe, climate, property, crop, and specialty lines using its regulated balance sheet.
The fresh influx of capital will be deployed to expand underwriting, actuarial, and catastrophe-modelling capabilities, broaden coverage into marine cargo and motor segments, and meet key regulatory capital requirements to scale operations across India and other emerging Global South markets. The achievement highlights the rising influence of Indian-origin founders constructing critical global financial and climate infrastructure powered by indigenous intellectual capital.
Read more: InRisk Labs raises $27 Mn in Series A round led by Bessemer, Northpoint Capital