Toffee Insurance raises $1.5 million in seed funding

Toffee, the digital-only insurance platform for millennials has raised $1.5 million (Rs  10 crore approximately) in a round of seed funding 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. The company has a composite corporate agent licence.

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