Zopper, an insurtech startup, has raised $25 million in Series D funding, led by Elevation Capital and Dharana Capital, with participation from Blume Ventures. This round also includes support from existing investors like Creaegis, Bessemer Venture Partners, and ICICI Venture. The company plans to utilize the funds to enhance its digital infrastructure and strengthen its insurance distribution platform.
Founded in 2011, Zopper collaborates with insurance providers to create customized, byte-sized insurance products through its SaaS platform. The company aims to revolutionize India’s insurance distribution model by leveraging technology to streamline existing infrastructure rather than building from scratch. Zopper’s platform currently supports over 1,000 APIs and partners with 40 insurance companies and 2,500 ecosystem players.
With this funding, Zopper will invest in expanding its data science, AI, and ML capabilities, alongside growing its bancassurance services and post-sale support. The company aims to contribute to India’s vision of “Insurance for All” by 2047, transforming insurance distribution effectively while keeping customers at the forefront.
