Insurtech startup MetaMorphoSys raises $3 million in funding led by Capital2B

Business-to-business (B2B) SaaS insurance startup MetaMorphoSys has raised $3 million in funding led by Info Edge-backed technology fund Capital2B. Angel investors such as Pavitar Singh and Dhruv Dhanraj Bahl participated in the funding.

Founded in 2016 by Amit Naik and Kewal Vargante, MetaMorphoSys is a SaaS-based low code platform preconfigured with benefits, coverages, rules and vocabularies to help insurance companies launch innovative products across categories such as motor, travel, property, life, and health.

“The insurance industry is accelerating investments in digital platforms. We are thrilled by the trust of our customers and investors as we continue our journey to streamline the insurance ecosystem,” said Naik, cofounder of MetaMorphoSys.


The company, whose services are being leveraged by insurance entities across India, Singapore, Indonesia and Vietnam, will use the capital to expand and invest in innovative solutions.