On November 7, 2023, Coverplan Technology Private Limited closed the transaction. The company amended the terms of the transaction. The company raised additional $1 million in its second tranche to raise $3.5 million in the round.

The round was led by new investor Orios Venture Advisors Private Limited and included participation from returning investors 2 a.m. Ventures and FinSight Ventures. The company has raised $6 million in funding till date.