J. Sagar Associates (“JSA”) advised and assisted UmboID Tech Private Limited (UmboID Tech) and its promoters in connection with its pre series A round of equity funding from Bharat Inclusive Technologies Seed Holdings Limited, Varanium Nexgen Trust and AL Trust acting through its trustee Vistra ITCL (India).
UmboID under the brand name Riskcovry, is an insurtech platform that develops solutions that enables insurance distribution, risk, policy and claims management.
JSA team comprised Partner – Probir Roy Chowdhury; Senior Associate – Yajas Setlur and Associate – Kavya Katherine Thayil.
Probir specializes in Corporate Commercial, Venture/Private Equity and Information Technology/FinTech. He has been involved in corporate transactions focused on the high technology industry including cross border Mergers & Acquisitions.
Yajas is a member of JSA’s technology, media, and telecommunications (TMT) practice. In this capacity, he advises clients extensively on various aspects of Indian information technology, data privacy and e-commerce laws.