Devendra Rane

Co-Founder

Mumbai, Maharashtra, India21 yrs 3 mos experience
Highly Stable

Key Highlights

  • Pioneered India's first tech-led insurance aggregator.
  • Led platform engineering at Paytm, enhancing financial inclusivity.
  • Building AI-powered mental wellness solutions for students.
Stackforce AI infers this person is a Fintech and Healthcare entrepreneur with expertise in scalable platform development.

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Skills

Other Skills

AgileArchitectureERPRequirements AnalysisPythonScalabilityHigh AvailabilityEntrepreneurshipPerlEnterprise SoftwareAgile MethodologiesDjangoJavaScriptDistributed SystemsSoftware Project Management

About

I’m a technology entrepreneur with over 18 years of experience building high-impact platforms across fintech, insuretech, mental wellness, and AI/ML. I graduated from IIT Bombay with a dual degree in Aerospace Engineering and began my entrepreneurial journey as co-founder of Innovations Unified, winner of "Eureka"—Asia’s largest business plan competition. I went on to found Coverfox, India’s first tech-led insurance aggregator, which earned global recognition for transforming the way insurance is discovered and consumed. Later, as SVP of Technology at Paytm, I led platform engineering, data infrastructure, and product innovation across lending, insurance, and financial services—playing a key role in expanding access to digital finance in India. Today, I’m building Atman, a mobile-first, AI-powered mental wellness platform for students, especially designed for rural and low-bandwidth environments. I’ve also founded and led services companies in BFSI and user experience, managing globally distributed tech teams and building resilient, scalable cloud-native platforms. I'm passionate about creating developer-friendly frameworks and DSLs that simplify complex tech challenges. As an active angel investor, I’ve backed startups in technology, health & wellness, and QSR sectors. I mentor early-stage founders in AI/ML, helping them stay pragmatic, focus on lean MVPs, and build technology that creates value efficiently. I bring a strong understanding of product strategy, fundraising, and scale execution to every venture I support.

Experience

21 yrs 3 mos
Total Experience
3 yrs 1 mo
Average Tenure
2 yrs 8 mos
Current Experience

Atman care

Co-Founder at Atman

Sep 2023Present · 2 yrs 8 mos · Mumbai, Maharashtra, India · Hybrid

  • Atman is an innovative, data-driven mental wellness app, delivered through a lightweight and accessible mobile app, enabling seamless adoption even in rural and low-bandwidth areas. The platform utilizes engaging stories, animated content, quizzes, mood trackers, and interactive self-help tools to provide personalized support and enhance students’ emotional well-being.

Paytm

SVP Technology and Engineering

Apr 2020Sep 2023 · 3 yrs 5 mos · Mumbai, Maharashtra, India · Remote

  • Pioneered the Development of Financial Platforms: Spearheaded the creation of innovative platforms, significantly contributing to financial inclusivity by providing millions of unbanked individuals in India with access to world-class financial services. This initiative played a pivotal role in fostering a more equitable financial landscape within the country.
  • Leadership in Engineering Excellence: Directed a highly diverse team of adept product engineers, working across various technological stacks. My leadership focused on the development of a highly customizable, low-code platform, enhancing operational efficiency and product adaptability. Oversaw the management of platform data and infrastructure, incorporating AI/ML technologies to offer personalized services to consumers, elevating the user experience to new heights.
  • Strategic Product Development in Finance: Originated and led significant projects in insurance and lending sectors, culminating in the establishment of one of India's most substantial lending portfolios. This includes pioneering work in "Buy Now, Pay Later" (BNPL) schemes, personal and merchant loans, and the distribution of credit cards, thereby revolutionizing the lending landscape and contributing to financial accessibility.
  • Strategic Technology Roadmap and Compliance: Collaborated closely with the CEO’s office and key business stakeholders to design and implement a comprehensive strategy for technological development. This strategy was meticulously crafted to ensure scalability, adherence to regulatory compliance, and fortification of security measures, preparing the organization to navigate and thrive in the rapidly evolving fintech ecosystem.

Coverfox insurance

Founder and CTO

Sep 2013Jan 2020 · 6 yrs 4 mos · Mumbai Metropolitan Region

  • Leveraged the insights gained from our tenure at Glitterbug Technologies, particularly our deep understanding of the insurance market and consumer behaviors, to embark on a new entrepreneurial venture. Coverfoxwas dedicated to reshaping the insurance landscape in the retail sector, establishing a platform that stood as a beacon of trust and reliability. Our mission was to simplify the insurance process for consumers, making our platform the go-to resource for all insurance needs, including policy selection, renewals, and claim settlements. We aimed to demystify the insurance industry for consumers, offering educational resources that clarified the often complex terminology of insurance, ultimately empowering users to make informed decisions and transactions directly through our online platform.
  • My personal journey through this venture was immensely enriching, with significant learnings in the development of both front-end and back-end Domain-Specific Languages (DSL) driven frameworks. These frameworks were crucial in addressing complex technological challenges, enabling us to scale our services to meet the demands of millions of customers efficiently.
  • Beyond technical achievements, the cultivation of a company culture that prided itself on psychological safety and high productivity stood out as my most valued accomplishment. This culture not only fostered a conducive environment for innovation and growth but was also instrumental in attracting and retaining top talent, propelling our startup towards achieving its ambitious goals.

Glitterbug technologies

Founder and CTO

Nov 2010Jan 2020 · 9 yrs 2 mos · Mumbai

  • Technology development and training a group of highly energetic developers
  • Designing appropriate Technology platforms for clients in the financial domain (Insurance and Lead Management)
  • Technology Development of in-house tools for agile development and resource planning.
  • We have developed some highly scalable and available platforms/frameworks within our team. With time, the platform and our development methodology has matured to a stage where we are able to create world class software products with much efficiency.
  • In a short period of less than 2 years, we have worked on some path-breaking projects with some highly respected enterprises like ICICI Prudential, TATA AIG, AVIVA, Religare, Castrol India, Star Plus, Futuregroup. We have also helped many startups on their technology development like Tripvillas (vacation home rentals), Flexingit (job portal), Wizdoms (library and documentary for rural sector), MStravels (hotel booking for Europe and US)

Ideus concepts

CTO

Jan 2008Jan 2010 · 2 yrs · Goa

  • User experience design and development
  • Front-end visualization technologies
  • Big data Statistics and Data mining
  • Complex Visualization for large data sets and complex flow scenarios.

Freelance

Technology Consultant

Jan 2007Jan 2008 · 1 yr · Mumbai

  • hoonur.com : A talent hunt portal by Balaji Telefilms, acquired by StarPlus
  • duboo.com : Flash based Audio Manipulation and Dubbing Tool
  • chaupaati.in : www.chaupaati.in, acquired by Future Bazaar
  • homestaysdos.com : now Tripvillas.com, vacation home stays portal
  • remindmesam.com : A phone based reminder service using twilio
  • gototest.com : An online education portal for schools and colleges
  • Tools Used: Python, C, C++, Java, Flash AS3, Javascript, HTML/CSS

Qlipmedia inc.

Technology Consultant

Jan 2006Jan 2007 · 1 yr · Pune/Pimpri-Chinchwad Area

  • Multimedia interaction product development
  • .NET based Desktop product for e-learning,
  • Flash based web product
  • Audio-Video manipulation algorithms and tools
  • Tools Used : PHP, Flash AS3, Javascript, C, C++

Ubiquiti inc

Technology Consultant

Jan 2005Jan 2006 · 1 yr

  • Data mining and text extraction from non-categorical raw text
  • Setting up Ubiquiti Inc. India office
  • Programming algorithms for data mining
  • Proof of concept for lexical analysis algorithms
  • Tools Used : Perl, Python, C, Java

Innovations unified

Founder and CEO

Jan 2004Jan 2005 · 1 yr · Mumbai Metropolitan Region

  • Nanotechnology startup, based on propriertary technology.
  • Winner of Eureka, Asia's largest bplan competition.
  • Was responsible for technology optimization and simulations of the furnace.
  • Tools Used: Matlab, Python, Scipy, A Quartz furnace and lots of Methane

Education

Indian Institute Of Technology

Dual Degree — Aerospace

Jan 2000Jan 2005

Indian Institute of Technology, Bombay

B.Tech + M.Tech (Dual Degree) — Aerospace

Jan 2000Jan 2005

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