Get All Access for $5/mo

Zopper Raises $75 Million In Series C Funding The fund raised will allow Zopper to further bolster its SaaS platform and data analytics capabilities, build a next generation data engineering team, fuel business development initiatives, undertake inorganic growth and explore opportunities in the international market

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Zopper Twitter handle

Zopper, an insurtech startup, has raised $75 million in Series C funding, led by Creaegis along with ICICI Venture and Bessemer Venture Partners. The round also saw participation from existing investor, Blume Ventures and Tiger Global. The fund raised will allow Zopper to further bolster its SaaS platform and data analytics capabilities, build a next generation data engineering team, fuel business development initiatives, undertake inorganic growth and explore opportunities in the international market.

"Our deep understanding of technology, data and insurance products has given rise to the next generation SaaS enabled distribution platform. The Insurance industry is yet to witness usage of such tech-enabled products. Through this platform, Zopper is bringing the partners and insurers together and spearheading a profound transformation in the realm of insurance distribution. We have exponentially grown in the last 4 years, and will continue to grow at a significant pace in the years to come," said Surjendu Kuila, co-founder and CEO, Zopper.

Zopper aims to revolutionize insurance distribution via its SaaS platform, deep integration layer and data analytics capabilities. With more than 150 partners and presence in over 1200 cities, the company aims to achieve an annualized gross written premium (GWP) of $500 million by March 2024, claimed by the company in a statement.

"We believe that technology will play an important role in improving distribution efficiency and increasing penetration of insurance and assurance products. Given ICICI Venture's successful investment track record in the Insurance sector, we think Zopper is well positioned to capture this long-term growth opportunity. We are excited to support the management team's vision to establish Zopper as a leading insurtech player with its scalable technology, multiple insurer tie-ups and partnerships with distribution channels across sectors," said Gagandeep S Chhina, director - private equity, ICICI Venture.

Founded in 2011, Zopper is an embedded insurtech platform that aims to democratize access to insurance distribution via its SaaS platform.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

News and Trends

IIT Kanpur Launches Hackathon to Empower Startups in Cybersecurity

Startups will pitch their solutions to a panel of industry experts, with selected teams gaining access to incubation support at IIT Kanpur to help bring their ideas to market

News and Trends

5 Things to Know About India's Chess Pride, Gukesh Dommaraju

He is not only inspired by Dhoni but also relies on a coach from Dhoni's cricketing era to help him prepare mentally.