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§ Private Profile · Mumbai, Maharashtra, India
Online insurance aggregator and IRDAI-authorised broking platform comparing health, car, bike, life, travel insurance for Indian consumers.
Coverfox Insurance is an online insurance aggregator and authorized broking platform based in Mumbai, India, that allows consumers to compare and purchase various retail insurance policies. The company operates a digital marketplace offering health, automotive, life, and travel insurance products tailored to urban, tier-2, and tier-3 Indian markets. Operating through a commission-based brokerage model, the platform aggregates policy options from more than 35 distinct insurance partners to facilitate end-to-end coverage support. The insurtech firm has raised $55.1 million in total funding from prominent venture capital and institutional investors, including Accel, SAIF Partners, Avaana Capital, and the International Finance Corporation. Following leadership transitions, the company is currently guided by interim CEO Sanjib Jha as it continues to expand its digital distribution network. Coverfox Insurance was founded in 2013 by Devendra Rane and Varun Dua.
Coverfox Insurance has raised $60.8M across 5 funding rounds.
Coverfox Insurance has raised $60.8M in total across 5 funding rounds.
Coverfox Insurance has raised $60.8M across 5 funding rounds. Most recently, it raised $2.1M Other Equity in April 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 7, 2020 | $2.1M Venture Round | Glitterbug Technologies | — | Announced |
| Apr 18, 2018 | $22M Series C | Transamerica Ventures | Accel, Catamaran Ventures, Saif Partners | Announced |
| Dec 19, 2017 | $10M Venture Round | Rajeev Gupta, International Finance Corporation | — | Announced |
| Jun 12, 2017 | $14.9M Venture Round | Transamerica Ventures | Accel India, Catamaran Ventures, Saif Partners | Announced |
| Apr 27, 2015 | $11.8M Series B | Accel, Saif Partners | — | Announced |
Coverfox Insurance has raised $60.8M in total across 5 funding rounds.
Coverfox Insurance's investors include Glitterbug Technologies, Transamerica Ventures, Accel, Catamaran Ventures, SAIF Partners, Rajeev Gupta, International Finance Corporation, Accel India.