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InsTech - insurance & innovation with Matthew Grant

Sai Lakshmi, Caura and Amit Patel, Hlthie: Founders we're watching (80)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.850 Ratings

🗓️ 26 April 2020

⏱️ 14 minutes

🧾️ Download transcript

Summary

We like to mix it up for our events - a chance to hear from some established companies, insurers and the newcomers. Part of our philosophy at InsTech London is our "pay forward" approach. We lookout for the best upcoming companies, or even just great people with great ideas - and we give them a place to talk about what they are up to. We've been delighted to have so many of our early speakers return as corporate members in the last couple of years supporting what we do, and getting more benefits from our network once they have funding.  These two interviews were recorded live in February at The Steelyard. Sai Lakshmi from Caura and Amit Patel from Hlthie both have great stories to tell about their own emerging businesses including: - Establishing market fit - Developing partnerships - Building a career to gain experience Find out more about what we are up to at Instech London on the website www.instech.london Sign up to our newsletter to find out what we are thinking each week and how to contact us if you think you've got something worth talking about.   https://www.instech.london/podcasts  Continuing Professional Development - Learning Objectives InsTech London is accredited by The Chartered Insurance Institute (CII). By listening to an InsTech London podcast, or reading the accompanying transcript, you can claim up to 0.5 CPD hours towards the CII member CPD scheme. Complete the InsTech London Podcast Feedback Survey to claim your CPD time.

Transcript

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0:00.0

Hello, Matthew Grant here, one of the partners from Instech, London, and welcome back to the

0:19.2

Instac London podcast.

0:20.5

Or if this is your first time,

0:21.5

thank you very much for joining us. So for this week, we've got two great stories from a couple of

0:26.3

founders who spoke to us at our last event at the Steeryard in February when we had 250 people

0:33.2

joining us. It seems pretty extraordinary now. Now both companies are in the early stages of

0:38.6

launching but we've been really impressed by how much these two founders have already achieved.

0:43.9

Cy Lakshmi has already founded and sold one business which is Echo of pharmacy and he's now

0:48.7

launching Kora to bring together various things correlated into one application.

0:54.2

Amit Patel is a trained surgeon but he he has also spent seven years at Buper Ventures

0:58.7

and is launching healthy as a new way to offer health insurance.

1:03.2

It's only a few weeks since we spoke to them and a lot may have changed around us since then,

1:06.9

but I've no doubt we're going to be seeing a lot more from both these companies in the near future.

1:15.6

So, Sy, you have already done one startup and you've been successful.

1:19.6

Before we talk about that and what you're doing, let's just a quick reminder of what you're doing at Kara.

1:25.6

Sure. So just again, I always love audience participation. Who drives a car in this room?

1:33.0

Who finds it a pain in the ass to drive your car? Like in terms of all the payments,

1:37.5

MOT taxes and all of that stuff? Yeah, most of you basically. Okay. So at Cora, what we're basically building for drivers is a tool to manage all of the different payments associated with your car. So we're building the tool to manage MOT, road tax, tolls, parking, congestion charge, and, of course, insurance, all in one seamless application.

2:01.1

And we get that?

2:03.1

And a lot of people are like, are you going to do all of that in one go?

2:08.0

And the answer is yes.

2:09.4

So we're actually going to be launching in public in about a month's time.

...

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