Co-founder & Managing Director & CEO, EarthRe of InRisk Labs, an insurtech & reinsurance company based in Ahmedabad.
Malay Kumar Poddar is Co-founder & Managing Director of InRisk Labs, an insurtech & reinsurance company based in Ahmedabad, founded in 2024. InRisk Labs's most recent disclosed round was a funding round of $27M in 2026-08-05.
InRisk Labs builds parametric insurance products and risk intelligence infrastructure, integrating climate, geospatial, satellite, exposure and claims data to price and monitor cover that pays out automatically when verifiable indices such as rainfall, temperature or wind speed cross defined thresholds. Its subsidiary EarthRe Insurance IFSC Limited holds a reinsurance licence from the IFSCA at GIFT City.
Founded in Ahmedabad by Malay Kumar Poddar and Aavrit Singhal to build parametric insurance products for India's agriculture and weather-sensitive sectors.
Bessemer Venture Partners leads the seed round. The amount was not disclosed.
Subsidiary EarthRe Insurance IFSC Limited receives a reinsurance licence from the IFSCA, which the company says makes it the first incorporated reinsurer licensed at the International Financial Services Centre at GIFT City.
