Verak YC Application

Winter 2021Acquired

Verak went through Y Combinator in the Winter 2021 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Winter 2021
Industry: FintechInsurance
Team size: 45
Status: Acquired
Launched: 2021

Founders

Rahul MathurFounder

What Verak does

Verak is now part of InsuranceDekho as of April 2023. Verak offered next day coverage starting at ₹8 per day for MSMEs in India to insure any facility (shop, warehouse, factory etc) against 15+ natural & man-made perils. (*) Our team worked across the entire insurance value-chain: From satellite based underwriting to machine learning based pricing to instant quotation to WhatsApp based claims.

Verak's YC application, reconstructed

Y Combinator application

Verak, Winter 2021 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Verak

Describe what your company does in 50 characters or less.

Better Business Insurance for MSMEs in India

What is your company going to make? Please describe your product and what it does or will do.

We built a platform offering MSMEs in India insurance coverage starting at ₹8 per day that protects their shops, warehouses, and factories against over 15 natural and man-made risks. Our tech includes satellite-based underwriting, machine learning for pricing, instant quotes, and WhatsApp-based claims processing to make insurance fast and accessible.

Where do you live now, and where would the company be based after YC?

We are based in Bengaluru and Navi Mumbai, India and would continue to operate from India after YC.

Explain your decision regarding location.

Our customers are MSMEs across India, so being in India lets us optimize product-market fit and regulatory requirements. Bengaluru and Mumbai are hubs where we can attract talent and engage closely with our users and partners.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Verak YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Verak's public data (launch notes, founder backgrounds, product description). It shows how a company like Verak would present itself to YC, not the text they submitted.