The firm said that it sold insurance covers worth Rs 110 crore in premiums. The fresh capital will be used to strengthen the technology and product offerings and also scale up the business and support functions, the startup said in a media statement. According to the firm, around 3.2 million Indian farmers have purchased insurance through GramCover since inception till FY21, and the company has customers in 13 states, 50 districts, 450 blocks and 8000 villages. Insurtech startup GramCover on Monday said it has raised $7 million co-led by Siana Capital and Inflexor Ventures in a Series A round. GramCover said that it will also expand its point of sale network, tech, and operation teams across geographies. , we feel GramCover is well-positioned to continue its high growth trajectory.