India’s the Policy Exchange raises funds in Pre-Series B round

Core Insights - The Policy Exchange (TPE) has raised $1.5 million (Rs 133.04 million) in a Pre-Series B funding round, with VLS Finance, True Blue Holding, and 1Crowd as primary investors [1] - The new capital will be used to enhance technological capabilities, scale operations, and increase public awareness to expand TPE's presence in India [1] Company Strategy - TPE aims to transform the perception of insurance and investments from obligations to opportunities for value and liquidity [2] - The company plans to safeguard one million individuals over the next three years through a technology-led strategy that enhances liquidity, accessibility, and transparency for policyholders [3] Technological Development - TPE is developing an intelligent platform that allows policyholders to manage and extract value from their insurance policies while maintaining coverage [4] - The company emphasizes a data-driven approach and customer-oriented design to redefine customer interactions with insurance products [5] Industry Positioning - TPE's board member highlighted the company's focus on addressing a significant and underserved problem in the insurance sector, leveraging the founders' extensive experience in financial services [6] - The company is positioned to create long-term value in India's evolving insurtech landscape through its innovative and empathetic business model [6]