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Eyeing Indian Insurance Market, LivWell Asia Wins Seat to Bag Flipkart’s Venture Investment

Singapore, September 21, 2022 /PRNewswire/ — Blockchain-powered Insurtech platform LivWell Holdings Company Pte Ltd (LivWell Asia) was recently selected as one of six startups to participate in the accelerator program Flipkart Leap Ahead. Indian Domestic e-commerce platform Flipkart.

In addition to its investment in LivWell, Flipkart Leap Ahead will facilitate mentoring by senior Flipkart leaders as part of its program.

“While furthering our vision of establishing Indian Harnessing the power of the health ecosystem to make Indian customers healthier by launching the first blockchain-powered insurance sale in a bite-sized and affordable format within the fascinating health and wellness landscape We believe that adopting good habits can be rewarded. We aim to use blockchain to settle claims and protect user activity data. ” Nikhil Vermaco-founder and CEO of LivWell Asia.

Prior to Flipkart’s investment through the Flipkart Ventures Fund, LivWell Asia won several awards in 2022. This includes the Insurtech Award from 1337 Ventures and the FWD Insurance Alpha Startup Studio, which provides access to funding and a starting point for entering the Malaysian market.

LivWell also qualified for the IFSCA Sandbox earlier this year. Indonesia.

The brand focuses on rewarding end-users based on lifestyle value and InsurTech products. Integrated with wearable devices and wearable smart devices, the brand’s core offering of comprehensive services such as gym memberships and nutrition plans, the fitness app engages users with fitness challenges, including booking classes. Use activity data to recommend bite-sized meals. insurance.

LivWell Asia recently launched a pilot program. Vietnam A built-in insurance smartwatch (LivWell Cosmos) allows users to unlock insurance at an affordable price based on steps taken and other parameters. Insurtech will also soon launch an NFT with limited release LivWell Lux Smartwatches. Vietnam as a trial run.

For more information, visit www.livwell.asia.

About Livewell Asia

LivWell Asia is a blockchain-powered Insurtech platform offering compelling health, wellness and insurance products. Vietnam, Indiaand soon Malaysiathe test market Vietnam We have covered 130,000 active users and over 37,000 lives in the last two years. Since then, the company has partnered with Allianz Partners, PVI, Sun Life Insurance and Mexico’s largest fitness center chain. VietnamCalifornia Fitness and Yoga Center

Source: Livewell Asia



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