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Verak
Verak-logoVerak-logo
Verak

Verak - Financials, Revenue, P&L Statement, Balance Sheet, Cash Flow & More

Private
Engaged Insurtech Private Limited
Private
Engaged Insurtech Private Limited
2020
2020

Founded in 2020, Verak operates in Fintech industry. Initially focused on simplifying the purchase and management of insurance for small and medium enterprises, the company has evolved to offer tailor...

Funding stage:

Pre-Seed

Last funding:

22/06/2021

Total funding:

$545.00K+

Revenue:

₹4.2 Cr+ (FY23)
Prev. FY

Investors

Employee count:

14

Last 90d

14

Last 90d

Glassdoor Rating:

Verak: Financial Breakdown

Decoding financial health metrics of Verak

  • total_revenue_logo
    Total Revenue
    ₹4.2 Cr
    16%

    Prev. FY

  • total_expenses_logo
    Total Expenses
    ₹6.1 Cr
    98%

    Prev. FY

  • profit_after_tax_logo
    Profit After Tax
    ₹-2.0 Cr
    -592%

    Prev. FY

  • total_assets_logo
    Total Assets
    ₹2.5 Cr
    -46%

    Prev. FY

  • net_profit_margin_logo
    Net Profit Margin
    -48.2%
    -524%

    Prev. FY

Note: Above mentioned stats are for FY22-23

FAQs on Financials of Verak

No. In FY23, Verak reported a net loss of ₹2.0 Cr, so it was not profitable.

Verak's revenue grew 16.0% year-on-year, from ₹3.6 Cr in FY22 to ₹4.2 Cr in FY23.

In FY23, Verak posted revenue of ₹4.2 Cr (up 16.0% YoY) and a net loss of ₹2.0 Cr. Explore the full financials of Verak here...

Disclaimer

Inc42 Datalabs consolidates intelligence from public records, statutory filings, proprietary research, and vetted third‑party datasets. All information is provided as is—please run your own checks before acting on it. Inc42 Datalabs bears no responsibility for decisions or outcomes based on this data.

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