Andiast likely to invest in India for product development

Switzerland-based InsurTech Swiss company, Andiast is all set to invest over 1.5 million for product development in India, which means more recruitment and job opportunities.

This will provide Indian VCs a great opportunity to participate and support Indian entrepreneurs.

Andiast is proving to be one of the fastest growing startups in Swiss with over 20 million in valuation in a matter of few months and has attracted 1.5 million investment and global leaders from Swiss Post, Yahoo, eBay and others on its management board.

Andiast was founded in 2012 by Belavadi, after which Shikha Bedi came on board as co-founder and India head. Presently, the company is looked after by Frank Marthaler.

With great emphasis on Hi-Tech Product Development, Andiast is now building their team in Delhi with top managements companies such as Accenture, Hughes Network Systems, Infosys and Wipro.

Andiast also runs barebars.com, which is an online tool to rate, compare and analyze companies globally. It is the world's leading website to provide rating trends across all sections of the business. It has already hit the road to raise another USD 30 million (approximately Rs. 200 cr.) in Series A round of financing.