Toffee Insurance

Toffee Insurance

About Toffee Insurance

Toffee is an insurance technology company offering bite-sized insurance for everyday moments.

Toffee Insurance, an online insurance platform for millennials, has raised $1.5 million in a round of seed funding in a round led by Kalaari Capital, Omidyar Network, and Accion Venture Lab.

Toffee plans to use the funds to focus on product development and expanding its team.

Founded by Nishant Jain and Rohan Kumar, Toffee is a technology platform focused on providing contextual and relevant insurance offerings to a growing youth demographic.

The firm claims that buying insurance takes less than 90 seconds and simple claims are processed in under two hours via a completely digital interface.

What problems does Toffee Insurance solve?

Simplify insurance industries

For whom your Product/ Service is for?

Millennial

What makes you stand out from the crowd?

We cut out the headache of insurance because large, incomprehensive policies with vague inclusions and tons of exclusions should be a thing of the past.

What are your future plans?

The mission to create simple and small ticket size insurance products and distribute them in a very contextual way has huge potential to drive the mass adoption. We are very excited to be part of the Toffee Insurance journey.”

About The Founders

Entrepreneur, Product Marketer & Senior Executive with 16 years of hands-on ‘Market Entry & Commercial Strategy’ experience across Mobile, Tech & Consumer Products.

They have helped multiple companies ideate/design and create products which have turned in 5X returns. Leadership experience spanning a range of growth-stage and fortune 500 companies.

They have typically worked on products that require expertise in Mobile & Social Commerce, Monetization, Digital Footprint Amplification on a global scale.

They have successfully concluded commercial partnerships across 5 continents, managed an effective cross-cultural global team and also launched products which have had their fair share of successes and failures.

They love products and brands that are honest, inspirational and are re-defining the rules of the game.

They have trekked to the Everest Base Camp, Motor-biked solo around the Tibet/Leh border and love to push my limits physically and mentally. Reach out if you want to talk product ideas or motor-bikes.

Founding Date: 2017-07-01

Industry: Insurance

Number Of Employees: 11-50

Headquarters: Haryana

Email: hello@toffeeinsurance.com

Linkedin: https://www.linkedin.com/company/toffee-insurance/

Facebook: https://www.facebook.com/toffeeinsurance/

Toffee Insurance Twitter Feed

Toffee Insurance Video

Haryana Office

308-309 Tower C, Unitech Business Zone,
Sector 50, Golf Course Extension,
Road, Gurugram, Haryana 122018

 

7.5 Total Score

Idea
7.5
7.5
Founders
7
Problem Solver
7
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